PowerBank announces LoI with Nodiac

PowerBank (SUUN) announced a Letter of Intent, or LOI, with Nodiac, a distributed data center power infrastructure company specializing in the development and deployment of modular, containerized data centers co-located with renewable energy assets. The LOI provides a framework to leverage PowerBank’s portfolio of solar and Battery Energy Storage System, or BESS, sites across North America for the purposes of deployment of distributed AI compute infrastructure on such sites. By co-locating modular data centers at sites that already hold generation and access to additional power, land, and permitting approvals, Nodiac’s platform is designed to bring inference and other forms of compute online in months rather than years. The company deploys scalable, repeatable 1-15~ MW modular data center units at distribution-level interconnection points – bypassing the multi-year transmission and “large load” queue’s that delay traditional hyperscale builds. The company was founded by a team with deep roots in the energy industry, drawing on experience from Greenbacker, Acciona Energy, and Invenergy across more than $26B in energy project development. Under the terms of the LOI, PowerBank will share information about its portfolio of solar and BESS sites with Nodiac for screening and assessment against Nodiac’s proprietary suitability criteria in its NORA platform. Both parties have declared their intent to collaborate on deploying modular data centers at suitable sites within PowerBank’s portfolio, with definitive agreements to be negotiated on a site-by-site basis. Nodiac is already showcasing the transaction on its platform, with PowerBank featured as a Speed-to-Power power partner. To learn more, visit the Nodiac Speed-to-Power AI Infrastructure page.