PowerBank Launches 5 MW Hybrid BESS in New York
May 28, 2026 — Toronto-based PowerBank Corporation (NASDAQ: SUUN) has executed a lease agreement for the Salt Rising Road hybrid Battery Energy Storage System New York project in Allegany County. The 5 MW AC / 20 MWh initiative marks another step in the company’s growing footprint in one of America’s most aggressive clean energy markets.
New York continues pushing toward its ambitious 6 GW energy storage target by 2030. This latest 5 MW BESS Allegany project combines battery storage with solar capabilities, positioning it to capture multiple revenue streams under the state’s Value of Distributed Energy Resources (VDER) tariff while qualifying for NYSERDA incentives.
Battery Energy Storage System New York deployments are accelerating as variable renewables and surging data center demand reshape the grid. PowerBank’s project arrives at a pivotal time.
PowerBank’s 5 MW BESS Allegany Project Overview
The PowerBank Salt Rising Road project represents a strategic hybrid development in upstate New York. Located in Allegany County near Genesee, it forms part of PowerBank’s broader portfolio of distributed energy assets.
The company, known for its expertise in North American energy infrastructure, brings over 100 MW of completed projects and a pipeline exceeding 1 GW. This new initiative underscores PowerBank’s focus on high-value, incentive-eligible sites that deliver both energy storage and solar generation benefits to local communities.
Key Project Details of 5 MW / 20 MWh Battery Storage in New York
- Capacity: 5 MW AC power with 20 MWh energy storage (4+ hour duration)
- Location: Salt Rising Road, Allegany County (Genesee area), New York
- Technology: Hybrid Battery Energy Storage System with solar integration
- Incentives: Eligible for NYSERDA NY-Sun Program and Retail Storage Incentive Program
- Revenue: Compensation expected via New York’s VDER mechanism
- Status: Preliminary interconnection screening underway; permitting and financing to follow approval
- Developer: PowerBank Corporation
Why the Salt Rising Road BESS Project Matters for New York
This 20 MWh Battery Storage New York project directly supports New York’s nation-leading 6 GW storage goal by 2030. The state already leads in community solar and has surpassed previous solar targets, making flexible storage critical for balancing supply.
By deploying mid-sized hybrid systems, PowerBank helps address distribution grid constraints while contributing to decarbonization targets under the Climate Leadership and Community Protection Act.
How This Hybrid Project Fits New York’s Energy Storage Trends
Battery Energy Storage System New York projects are gaining momentum amid explosive national growth. According to the IEA’s Global Energy Review 2026, the world added 108 GW of new storage capacity in 2025 — a 40% increase year-over-year. The United States installed 18.9 GW that year.
Rising electricity demand from AI data centers and variable renewable output are primary drivers. Battery costs have fallen nearly 90% over the past 15 years, making projects like PowerBank’s increasingly economical.
New York ranks among the top U.S. storage markets alongside California and Massachusetts, supported by strong policy frameworks.
Benefits of Battery Energy Storage System New York for Residents & Grid
The 5 MW BESS Allegany project will deliver multiple local advantages:
- Grid Stability: Stores excess renewable energy and discharges during peak demand
- Renewable Integration: Enables higher solar penetration by smoothing output
- Bill Savings: VDER compensation can lower costs for participating customers
- Job Creation: Construction and ongoing operations will support local employment
- Resilience: Enhances community resilience during extreme weather events
For Allegany County residents, the hybrid system offers cleaner, more reliable power while contributing to New York’s clean energy transition. At least 35% of benefits from such projects are directed toward disadvantaged communities under state guidelines.
Future Outlook for PowerBank’s Battery Storage Projects in NY
PowerBank is advancing interconnection studies. Pending approvals, the company will move into full permitting and financing phases, targeting construction in the coming months.
This project joins two other similar 5 MW / 20 MWh initiatives recently announced by PowerBank in upstate New York, bringing their combined storage contribution to 60 MWh.
As New York pursues its 10 GW distributed solar and 6 GW storage targets, such hybrid developments are expected to multiply. Continued policy support and falling technology costs should drive further investment through 2030 and beyond.
Advancing Battery Energy Storage System New York
PowerBank’s PowerBank Salt Rising Road hybrid project strengthens New York’s position as a national leader in clean energy deployment. The Battery Energy Storage System New York initiative combines proven technology, strong incentives, and strategic location to deliver real value for the grid and residents alike.
As the energy transition accelerates, projects like this 5 MW BESS Allegany development will play an increasingly vital role in building a resilient, low-carbon power system.
