![\"Title:](\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2026\/03\/ex99-1_001.jpg\")
<\/p>\nUNITED
\nSTATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549<\/p>\n
REPORT
\nOF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934<\/p>\n
For
\nthe month of March, 2026.<\/p>\n
505
\nConsumers Rd., Suite 803
Toronto, Ontario, M2J 4Z2 Canada
(Address of principal executive office)<\/p>\n
Indicate
\nby check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F \u2610 Form 40-F \u2612<\/p>\n
Indicate
\nby check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) \u2610<\/p>\n
Indicate
\nby check mark if the registrant is \u201csubmitting\u201d the Form 6-K in paper as permitted by Regulation S-T \u201cRule\u201d 101(b)(7)
\n\u2610<\/p>\n
Pursuant
\nto the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
\nthe undersigned, thereunto duly authorized.<\/p>\n
\u00a0<\/p>\n
Exhibit
\n99.1<\/p>\n
\u00a0<\/p>\n
<\/p>\n
\u00a0<\/p>\n
PowerBank
\nShares Update on Pennsylvania Project Interconnection<\/p>\n
\u00a0<\/p>\n
Project
\nexpected to be one of the first Community Solar projects of its kind in the State<\/p>\n
\u00a0<\/p>\n
Toronto,
\nOntario, March 31, 2026 \u2014 PowerBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: 103) (\u201cPowerBank\u201d or
\nthe \u201cCompany\u201d), a North American energy infrastructure developer and asset owner, is pleased to announce that its
\n4.22 MW ground-mount solar project at Grandview Rd (the \u201cProject\u201d), located in Pennsylvania, has completed the Interconnection
\nImpact Review (IRR). This project was included in the previous press release of a larger Pennsylvania project, which can be found here.
\nThe Grandview project first announced as a 13.8 MW DC project in Lancaster County has been split into multiple projects.<\/p>\n
\u00a0<\/p>\n
Upon
\nsecuring permits and financing, and the approval of House Bill 1842 (discussed below), PowerBank expects to commence construction, with
\nthe project set to operate as a community solar initiative. This innovative model enables renters, businesses, and homeowners to subscribe
\nto the solar farm, receiving bill credits and savings without installing on-site equipment. The clean energy generated by a community
\nsolar project feeds directly into the local electricity grid. Depending on the size and number of panels the project has, dozens or even
\nhundreds of renters and homeowners can earn credits on their electric bill and save money from the electricity that is generated by the
\nproject. PowerBank\u2019s strategic focus on community solar aligns with its goal of powering thousands of homes with clean and affordable
\nenergy.<\/p>\n
\u00a0<\/p>\n
On
\nMarch 26, 2024, the Pennsylvania House passed House Bill 1842, a bill enabling the potential development of community solar projects
\nin the state, paving the way for companies like PowerBank to expand into the region and provide clean energy to residents of various
\nincome levels. On May 7, 2025 the bill passed House again with the addition of natural gas included in the community solar\u2019s application.
\nThe bill is currently under review by the Senate. The development of the Project as a community solar project will be subject to the
\nfinal approval of House Bill 1842 by the State government of Pennsylvania. If the Bill does not pass, the Project will proceed as a net
\nmetered system under the Pennsylvania Alternative Energy Portfolio Standards Act.<\/p>\n
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PowerBank\u2019s
\nproven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project\u2019s execution.
\nStrategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable
\nenergy solutions.<\/p>\n
\u00a0<\/p>\n
There
\nare several risks associated with the development of the Project. The development of any project is subject to receipt of a community
\nsolar contract, receipt of required permits, House Bill 1842 becoming law, the availability of third-party financing arrangements for
\nthe Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate
\nincentives and policy support schemes for solar power, which could result in future projects no longer being economic. Please refer to
\n\u201cForward-Looking Statements\u201d for additional discussion of the assumptions and risk factors associated with the Projects and
\nstatements made in this press release.<\/p>\n
\u00a0<\/p>\n
About
\nPowerBank Corporation<\/p>\n
\u00a0<\/p>\n
PowerBank
\nCorporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects
\nin Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity
\nto utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of
\nprojects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual
\nnet metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy
\nprojects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.PowerBankcorp.com.<\/p>\n
\u00a0<\/p>\n
FORWARD-LOOKING
\nSTATEMENTS<\/p>\n
\u00a0<\/p>\n
This
\nnews release contains forward-looking statements and forward-looking information \u200ewithin the meaning of Canadian securities legislation
\n(collectively, \u201cforward-looking \u200estatements\u201d) that relate to the Company\u2019s current expectations and views of future
\nevents. \u200eAny statements that express, or involve discussions as to, expectations, beliefs, plans, \u200eobjectives, assumptions or
\nfuture events or performance (often, but not always, through the \u200euse of words or phrases such as \u201cwill likely result\u201d,
\n\u201care expected to\u201d, \u201cexpects\u201d, \u201cwill \u200econtinue\u201d, \u201cis anticipated\u201d, \u201canticipates\u201d,
\n\u201cbelieves\u201d, \u201cestimated\u201d, \u201cintends\u201d, \u201cplans\u201d, \u201cforecast\u201d, \u200e\u200e\u201dprojection\u201d,
\n\u201cstrategy\u201d, \u201cobjective\u201d and \u201coutlook\u201d) are not historical facts and may be \u200eforward-looking statements
\nand may involve estimates, assumptions and uncertainties \u200ewhich could cause actual results or outcomes to differ materially from
\nthose expressed in \u200esuch forward-looking statements. In particular and without limitation, this news release \u200econtains forward-looking
\nstatements pertaining to the Company\u2019s expectations regarding its industry trends and overall market growth; the Company\u2019s
\ngrowth strategies the expected energy production from the solar power projects mentioned in this press release; the number of homes expected
\nto be powered; the timeline for construction; the expected savings for local residents; expected revenues and benefits of the Project
\nto the Company; the receipt of interconnection approval, permits and financing to be able to construct the Projects; the receipt of incentives
\nfor the Projects; and the size of the Company\u2019s development pipeline. No assurance \u200ecan be given that these expectations will
\nprove to be correct and such forward-looking \u200estatements included in this news release should not be unduly relied upon. These \u200estatements
\nspeak only as of the date of this news release.\u200e<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
Forward-looking
\nstatements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical
\ntrends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and
\nuncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions,
\nincluding but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general
\nbusiness and economic conditions; the Company\u2019s ability to successfully execute its plans and intentions; the availability of financing
\non reasonable terms; the Company\u2019s ability to attract and retain skilled staff; market competition; the products and services offered
\nby the Company\u2019s competitors; that the Company\u2019s current good relationships with its service providers and other third parties
\nwill be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company
\nbelieves that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure
\nthat actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors
\nshould not place undue reliance on these forward-looking statements.<\/p>\n
\u00a0<\/p>\n
Whether
\nactual results, performance or achievements will conform to the Company\u2019s expectations and predictions is subject to a number of
\nknown and unknown risks, uncertainties, assumptions and other factors, including those listed under \u201cForward-\u200eLooking Statements\u201d
\nand \u201cRisk \u200eFactors\u201d in the Company\u2019s most recently completed Annual Information Form, and other public filings
\nof the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the execution
\nof the Company\u2019s growth strategy depends upon the continued availability of third-party financing arrangements; the Company\u2019s
\nfuture success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise,
\nreduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may
\nhave an adverse impact on our operating performance and results of operations; the Company\u2019s project development and construction
\nactivities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number
\nof risks involving Power Purchase Agreements (\u201cPPAs\u201d) and project-level financing arrangements; any changes to the laws,
\nregulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use
\nof solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation
\ncould adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign
\nexchange rate fluctuations; a change in the Company\u2019s effective tax rate can have a significant adverse impact on its business;
\nseasonal variations in demand linked to construction cycles and weather conditions may influence the Company\u2019s results of operations;
\nthe Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional
\nindebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected
\nwarranty expenses that may not be adequately covered by the Company\u2019s insurance policies; if the Company is unable to attract and
\nretain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers
\nof utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility
\nmay adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has
\nlimited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks;
\nthe Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will
\ncontinue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders;
\nand future dilution as a result of financings.<\/p>\n
\u00a0<\/p>\n
The
\nCompany undertakes no obligation to update or revise any \u200eforward-looking statements, whether as a result of new information, future
\nevents or \u200eotherwise, except as may be required by law. New factors emerge from time to time, and it \u200eis not possible for the
\nCompany to predict all of them, or assess the impact of each such \u200efactor or the extent to which any factor, or combination of factors,
\nmay cause results to \u200ediffer materially from those contained in any forward-looking statement. Any forward-\u200elooking statements
\ncontained in this news release are expressly qualified in their entirety by \u200ethis cautionary statement.\u200e<\/p>\n
\u00a0<\/p>\n
For
\nfurther information, please contact:\u200e<\/p>\n
\u00a0<\/p>\n
PowerBank
\nCorporation<\/p>\n
Tracy
\nZheng<\/p>\n
Email:
\nir@powerbankcorp.com<\/p>\n
Phone:
\n289.439.4718<\/p>\n
\u00a0<\/p>\n
Source:
\nPowerBank Corporation<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16…\n","protected":false},"author":2,"featured_media":153224,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[69652,69654,69655,69656,28,30,29,69653,69650,3148,69651],"class_list":["post-153223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pennsylvania","tag-community-solar","tag-house-bill-1842","tag-interconnection-impact-review","tag-net-metered-system","tag-pennsylvania","tag-pennsylvania-headlines","tag-pennsylvania-news","tag-pennsylvania-solar-project","tag-powerbank","tag-renewable-energy","tag-suun"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/153223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=153223"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/153223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/153224"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=153223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=153223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=153223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}