Solar developer PowerBank secured interconnection agreements for all three Nova Scotia community-solar projects, advancing its 12.4-megawatt provincial pipeline.

PowerBank disclosed in a US Securities and Exchange Commission (SEC) Form 6-K exhibit that all three Nova Scotia community-solar projects had secured interconnection agreements. The 12.4 MW figure covers the provincial solar-development pipeline; it is not a measure of operating AI-compute capacity.

The same filed release records a June 29 joint development agreement with Nodiac Corp. to use PowerBank’s North American solar and battery energy storage system (BESS) sites for distributed AI-compute infrastructure. This is a disclosed development agreement, not evidence that GPUs have been purchased, compute customers contracted, or AI sites commissioned; the supplied filing title identifies ticker PBK, without specifying its exchange.

For fiscal 2026, management said PowerBank was shifting from selling projects toward owning them, with gross margin increasing to 34.7% from 25.3%. It reported five projects entering commercial operation, including Ontario’s SFF 06 battery-storage project, and $9.8 million of production revenue from its independent power producer (IPP) portfolio; the excerpt does not identify the currency for that revenue figure.

Management also reported a $6.8 million reduction in net loss, a $4.4 million reduction in operating cash use, and positive working capital of $1.6 million, again without an explicit currency designation in the supplied passage. Its expectation of renewed revenue growth in fiscal 2027 remains a management forecast: filing the release establishes disclosure of these statements, not independent verification of the forecast or an operating GPU-cloud business.