PowerBank Ties Growth Strategy to Musk’s Vision for Space-Based Solar AI

An update from Solarbank Corp. ( (TSE:SUNN) ) is now available.

PowerBank CEO Dr. Richard Lu has aligned the company’s strategic direction with recent remarks by Elon Musk at the World Economic Forum, highlighting that the scalability of artificial intelligence is increasingly constrained by electricity supply and that space-based solar power will be a key enabler. PowerBank points to Orbit AI’s already-operational Genesis-1 satellite, which uses space-grade solar panels to power NVIDIA AI hardware in low-Earth orbit, as proof-of-concept for an emerging orbital computing architecture that could deliver continuous, solar-powered AI inference in space. By emphasizing its role in supporting future Orbit AI missions with solar and thermal energy management, alongside its terrestrial solar pipeline, PowerBank is signaling an ambition to be a key player in both ground-based and orbital solar infrastructure, potentially reshaping its growth trajectory and positioning in the converging renewable energy and AI infrastructure markets.

The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Solarbank Corp. stock, see the TSE:SUNN Stock Forecast page.

More about Solarbank Corp.

PowerBank Corporation is a North American renewable energy company specializing in solar energy infrastructure and battery energy storage systems, with a development pipeline exceeding one gigawatt and a record of delivering projects across the continent. The company is also positioning itself to expand into advanced data center solutions, including space-based, solar-powered AI infrastructure through a collaboration with Smartlink AI’s Orbit AI platform.

Technical Sentiment Signal: Buy

Current Market Cap: C$261.2M

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