Disseminated on behalf of SolarBank Corporation
AUSTIN, Texas, May 15, 2025 – via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The GotStocks Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.
The GotStocks Podcast shines a spotlight on the small-cap sector through in-depth interviews with executives leading promising companies poised for significant growth. The latest episode features Dr. Richard Lu, President and CEO of SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects specializing in distributed and community solar initiatives throughout Canada and the United States.
To start the interview, Lu discussed SolarBank’s business model and operating markets.
“SolarBank is both a developer and an independent power producer. As a developer, we secure sites for clean and renewable energy project development. We bring the projects to the attention of local utilities, making sure that we have great interconnection, and we work with local authorities and communities to get these projects permitted. Then, we work to put financing together. That’s the developer’s job.”
“From there, we handle the engineering and construction of these projects. When the plant is up and running, we do the operations maintenance for our clients, including Honeywell, Qcells, and True Green Capital… In addition, we have recurring revenue. Since we went public two years ago, we have built a portfolio of about $184 million of assets generating recurring revenue and long-term sustainable returns for our investors.”
This portfolio is further strengthened by a recently announced $100 million financing agreement with CIM Group to fund 97 MW of community solar projects in the United States.
Lu next discussed a key competitive advantage for SolarBank – vertical integration.
“There are many developers in the North American market, but most bring the project to full permitting, sell it, then go back to develop new sites. Usually, operation of the project is handled by a different company, along with maintenance. When I started SolarBank more than 10 years ago, I decided to create a true ‘A-Z’ one-stop team to develop, build, operate and own those assets. That gives us quite a few advantages. We do not decide electricity price, regulators do. So, if we want to be profitable, there are only two things to do: increase productivity or reduce cost. Vertical integration allows us to control the focus, the speed, and the simplicity of every step to deliver value to our investors.”
Join IBN’s Stuart Smith and Dr. Richard Lu, President and CEO of SolarBank Corporation, to learn more about the company’s leadership team and how its diversified sourcing strategy – favoring suppliers in Southeast Asia and potentially the U.S. – helps mitigate the impact of solar tariffs.
To hear the episode and subscribe for future podcasts, visit https://podcast.gotstocks.net
The latest installment of The GotStocks Podcast continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers, and the growing IBN Podcast Series. For more than 19 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.
To learn more about IBN’s achievements and milestones via a visual timeline, visit: https://IBN.fm/TimeLine
About SolarBank Corporation
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The company develops solar, Battery Energy Storage System (BESS) and EV charging projects that sell electricity to utilities, commercial, industrial, municipal and
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