PowerBank (SUNN) 17th Annual LD Micro Main Event Conference summary

Strategic focus and business model

• Vertically integrated across development, construction, operation, and maintenance, enabling control over cost, speed, and quality.

• Operates in four markets: behind-the-meter for corporations, community solar, utility-scale solar, and battery storage.

• Revenue streams include development fees, construction fees, O&M fees, and independent power production.

• Transitioning from a fee-based developer to an independent power producer with recurring revenue.

• Focused on North America, leveraging regulatory incentives and market demand for renewables.

Operations and project pipeline

• Owns and operates $100 million in assets, with 70-80 plants generating $1 million recurring revenue annually for 21 years.

• Current backlog of 1 GW, valued at $1.5 billion, with 32 MW owned and 25 MW sold to major clients.

• Pipeline managed through site control, permitting, and interconnection certainty, focusing on favorable geographies.

• Community solar active in 22 U.S. states, serving 10,000 customers via call centers in Chicago and Boston.

• Behind-the-meter projects for large real estate and industrial clients, plus EV charging infrastructure.

Financial performance and growth outlook

• Revenue doubled over three years: $10M, $20M, $60M, with $58M from development and construction.

• Recent acquisition of $100M in assets to add $10M revenue in the current fiscal year.

• Burn rate is $3-4M annually, with a lean team of 25 people and high per capita revenue.

• Financing growth through a mix of long-term debt, ITC transfers, and sponsor equity from operations.

• Plans to grow assets to $1B and recurring revenue to $100M over the next 3-5 years.