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Geddes Solar Power Project in New York State—is now fully operational.More than a milestone in renewable energy, this project marks the official launch of PowerBank’s Bitcoin treasury strategy.“This is a pivotal moment for PowerBank,” said Dr. Richard Lu, President and CEO. “Geddes isn’t just our largest U.S. asset—it’s our launchpad into a bold, dual-track strategy that fuses clean energy leadership with financial innovation. By deploying net cash generated by this project into Bitcoin, we are enhancing the value of our operating assets while aligning ourselves with a future-focused monetary reserve model.”A Strategic Inflection Point – Energy + Bitcoin:Pioneering Treasury Strategy. Geddes is the first of potentially several PowerBank projects to support a digital asset reserve model, giving the Company exposure to Bitcoin as a non-correlated, asymmetric upside asset.Financial Flexibility. This approach allows PowerBank to retain earnings from high-performance assets like Geddes in a store of value with long-term appreciation potential.Environmental Transformation. By converting a capped landfill into a clean power station, PowerBank demonstrates how sustainability and innovation can converge for long-term value creation.Scalability. The Company is actively assessing expansion of this Bitcoin treasury strategy across additional solar and battery energy storage projects in its IPP (Independent Power Producer) portfolio.The Geddes Solar Power OperationBuilt on a repurposed landfill, the Geddes Project now delivers 3.79 MW of clean, renewable energy — enough to power approximately 450 homes annually — while transforming an underutilized site into a productive asset. But its value extends beyond green power.Net cash flows from the project will be allocated, at management’s discretion, to the acquisition of Bitcoin, creating a hybrid strategy that blends energy generation with strategic digital asset investment.Capacity: 3.79 MW DCType: Utility-scale ground-mounted solarLocation: Former landfill site in Geddes, New YorkOff-take: Local grid, supporting community energy needsImpact: Powers approximately 450 homes annuallySolar Simplified handles all customer-facing activities for the Company’s community solar projects, allowing it to focus on developing and expanding its renewable energy portfolio. Solar Simplified’s expertise in acquisition, enrollment, and management ensures full project subscription and maximized revenue from day one. With a business model that aligns seamlessly with the Company’s, this partnership drives sustainable growth, enabling the Company to accelerate development, bring more projects online each year, and create greater value for its business and the communities served by the Company.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,375.66 -14.11 (-0.22%)Dow 3044,649.96 -187.60 (-0.42%)Nasdaq21,124.15 -54.44 (-0.26%)Russell 20002,242.19 -14.54 (-0.64%)VIX15.19 +0.16 (+1.06%)Gold3,319.30 +9.30 (+0.28%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 49.66 +10.58 (+26.97%)SANM Sanmina Corporation 118.39 +20.05 (+20.39%)AMKR Amkor Technology, Inc. 24.95 +3.72 (+17.50%)CVLT Commvault Systems, Inc. 190.85 +27.42 (+16.78%)GTLS Chart Industries, Inc. 198.41 +26.76 (+15.59%)Top losersNVO Novo Nordisk A/S 53.77 -15.23 (-22.07%)STEM Stem, Inc. 15.10 -3.81 (-20.15%)HRI Herc Holdings Inc. 125.54 -24.34 (-16.26%)EXEL Exelixis, Inc. 37.27 -7.12 (-16.04%)QS QuantumScape Corporation 9.31 -1.67 (-15.19%)Most activeSOFI SoFi Technologies, Inc. 24.04 +3.01 (+14.34%)NVDA NVIDIA Corporation 176.35 -0.40 (-0.23%)NVO Novo Nordisk A/S 53.77 -15.23 (-22.07%)LCID Lucid Group, Inc. 2.5675 -0.2225 (-7.98%)AMD Advanced Micro Devices, Inc. 177.94 +4.28 (+2.46%)Earnings eventsTrending tickersNVO Novo Nordisk A/S 53.98 -15.02 (-21.77%)SOFI SoFi Technologies, Inc. 24.12 +3.10 (+14.76%)PYPL PayPal Holdings, Inc. 71.44 -6.78 (-8.67%)UNH UnitedHealth Group Incorporated 267.31 -14.81 (-5.25%)SPOT Spotify Technology S.A. 617.67 -83.31 (-11.88%)Top economic events