Industry Insights: PowerBank Corp on Solar, Other Renewables

And now let's take a look at the renewable energy industry and one particular leading company, Power Bank Corporation. Joining us for insight in this next sponsored segment is Dr. Richard Louu, president and CEO of Powerbank Corporation. Good to have you with us today, Dr. Lou. >> Good morning. Happy to be here. >> And let's begin with Power Bank developing renew renewable energy in North America. So tell us about your mission and your operations. >> Uh our mission is actually to deliver power as long as the sun shines and we have operations in both US and Canada. We do largecale utility scale projects. We do community scale projects. We also service the commercial and industrial clients. >> Incredible. and and what do you see as the impact of your operations within the community and also the largecale operations that you have? >> Uh one of the things as we know that electricity is a necessity to life, right? We need electricity to keep lights on. We need electricity to keep our phones connected and we also need electricity to run a lot of uh uh uh life related uh items. Right? So every uh kilowatts counts as Mr. President said that all forms of energy special electricity uh are uh required to power the uh country forward. So when we are in a community we are reducing the uh prescribers electricity cost. uh when we add utility scale battery storage that we provide uh uh support to the grid making sure reliability and you know overall we do provide a stab stable uh electricity price to our civilization. And do you see an increased need for solar in particular amid the reported increased need for electricity and or energy across the globe as AI data centers and such are are in more and more demand. Uh absolutely as you know that uh you know as we're moving forward that we are into a stage where the electricity demand is tremendously increasing give electrification give uh uh the explosion of data centers and artificial intelligence and they all need power and the power takes some time. You know we're talking about technologies such as the small modular nuclear reactors. uh we're talking about grid uh uh upgrade to bring power to the uh required areas. They all take time you know. So in our view that renewable energy especially solar energy that can be deployed in a much shorter time provided the very needed electricity at this moment >> and why does power bank focus on net zero emissions? Uh absolutely. I think uh as you know that uh the uh uh air uh quality is most affected by the transportation sector and the power generation sector. Uh over the old days that we produce power using fossil fuels that obviously that are particulates that are other contaminants and most of them are the carbon dioxide which is the global warming agent. And by taking power from renewables such as solar there's no fuel cost. So there's no burning fossil fuels and also that it's from the sun which is the end source of energy to uh earth. >> And I know that um power bank recently secured agreements to develop a portfolio of solar and battery storage projects across multiple New York Army National Guard facilities. If you could tell us about that and your thoughts on um on the role of energy within that particular um sector. Yeah. Uh you know from our perspective as I mentioned that electricity is necessity to life and I'm particularly happy not only that the uh um citizens are start to realize the importance of uh uh renewable energy solar energy you know on uh their facilities on so forth. Uh we're also especially uh thankful for the government agencies such as the uh uh uh army reserves are taking serious about to uh increase their use of renewable energy solar energy not only because of uh environmental considerations but also in consideration of reliability because we're not only doing uh uh solar energy on the reserve but also uh we're doing battery storage we're doing EV charging so it's overall solution to make our uh um army operations much more uh environmental friendly, much more reliable and much more uh cost effective. >> And how do you envision the future uh of power bank going forward? uh we are very actually committed to what we do you know I've been in this business uh since 2003 and over the years we see good adaption of the technology you know a long time ago uh 20 years ago the solar was actually a very high tech so on so forth but over the years with everyone's participation it's no longer a high-tech it's no longer a uh oneoff it become an industry And as you know that uh uh in the states and in Canada the percentage of electricity taken from renewable sources have been increasing over the years. So power bank will continue to be a developer, builder, owner and operator of those power facilities for ourselves. We do own asset as the independent power producer and for our clients such as Honeywell, such as QELL, such as a Charlie's speedy cheese steak, such as the army base and we are here to uh support our society, support our customers and also creating value for our investors. >> Certainly. And many of our viewers are within the US and within Canada. So, how can they find out more about your company? Uh one of the things is that uh uh we have uh quite a good coverage uh in terms of press release. Uh we also have uh uh the uh uh social media platforms and uh one of the things if you for access if you check the uh uh uh stock platforms looking for su uh power bank on NASDAQ and uh after the numbers uh so on so forth you will always have information about the company the latest news about the company just below those charts. M all equipping uh viewers out there to get to know you more and it's been great to learn more about it for myself as well. Such an interesting and constantly developing and evolving industry and to see one of the leading players within it. Thank you so much for these insights, Dr. Richard Lou. Good to speak with you. >> Thank you.