In this week’s Transition Thursday, PowerBank Corporation (NASDAQ:SUNN) has executed a lease agreement on a five-megawatt AC hybrid solar plus battery energy storage system (BESS) project in upstate New York.
The project will advance New York’s path to 10 gigawatts of distributed solar and six gigawatts of energy storage by 2030. The state currently leads the US in community solar capacity, having achieved the New York State Climate Act six-gigawatt solar goal in the US fall of 2024.
Once completed, the project will likely be operated as a hybrid community solar plus energy storage project. Once connected and generating electricity, energy from the site will feed into the local power grid.
PowerBank is currently in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receiving interconnection approval, the company will work to complete the permitting process and secure necessary financing for the construction of the project.
Collaborations in energy
On 15 April the EU announced it will work with global partners to help cities become cleaner and more sustainable, while also improving how energy from renewable sources is stored and used.
In partnership with the International Energy Agency, this collaboration will help turn climate goals into practical solutions that benefit people in their daily lives, from cleaner air in cities to more reliable green energy.
Under the Cities Technology Collaboration Programme, the EU will build on the work of urban-related programs, connecting it with the needs of cities across world regions to support local decision-making and implementation.
By joining the program, the European Commission will strengthen its international cooperation activities under the Urban Transitions Mission.
Meanwhile, the Energy Storage Technology Collaboration Programme facilitates research, development, implementation, and integration of energy storage technologies. These include electrical, thermal, and chemical energy storage.
The commission says that these activities aim to optimise the role of storage technologies as a core component of an efficient and sustainable energy system and facilitate an increasing use of renewables. The collaboration will support the EU’s research and initiative priorities for energy storage.
The IEA Technology Collaboration Programme is a global network that drives energy research and initiative policy through international cooperation. The program brings together governments, industries, and experts to accelerate energy innovation and help shape the future of energy solutions.
Since its inception in 1975, the program has engaged thousands of people from more than 300 public and private organisations across 55 countries.
SECURE waste
GFL Environmental (NYSE:GFL) has entered into a definitive agreement to acquire SECURE Waste Infrastructure (TSX:SES), at C$24.75 per share which represents an enterprise value of C$6.4 billion ($6.56 billion).
Under the deal, SECURE shareholders will receive, at their election, C$24.75 in cash, 0.4195 of a GFL share, or a combination of C$4.95 in cash and 0.3356 of a GFL share, for each common SECURE share held.
The issue price represents a premium of 23% to the volume weighted average price of the common shares of SECURE for the 60 days ending 10 April 2026.
Barclays acted as financial advisor to GFL and Stikeman Elliott acted as legal counsel. Meanwhile, Moelis & Company and RBC Capital Markets acted as financial advisors to SECURE, while McCarthy Tétrault acted as lead Canadian legal counsel.
GFL Chief Executive Patrick Dovigi says the acquisition of SECURE will provide the company with a highly complementary network of permitted waste processing and disposal assets that will densify its footprint in western Canada.
“The transaction reinforces GFL’s goal of creating long-term equity value for our shareholders and is expected to significantly accelerate the achievement of the multiyear financial targets we outlined at our Investor Day in early 2025,” Dovigi says.
SECURE CEO Allen Gransch says the deal combines the company’s hard-to-replicate infrastructure network with GFL’s broader platform, strengthening its ability to capture more waste streams across the value chain.
SECURE operates a large-scale diversified waste management platform in western Canada and North Dakota, through its vertically integrated network of assets across more than 80 locations. These include 12 landfills, 55 waste treatment facilities, 12 recycling facilities, 98 injection wells, and five transfer stations.
Write to Aaliyah Rogan at Mining.com.au
Images: PowerBank,
