Bell2Bell’s latest podcast features Dr. Richard Lu, President and CEO of SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN), a premier developer and owner of renewable and clean energy projects specializing in distributed and community solar initiatives throughout Canada and the United States.
During the interview, Lu discussed SolarBank’s business model and value proposition for investors.
“When you look at civilization over the years, originally, we depended on the sun to give us light for agriculture. Then, we relied on burning oil to break the darkness of the night. During industrialization, electricity allowed us to keep the lights on and now keeps us all connected. The driving force behind today’s digital economy is electricity. SolarBank is a clean and renewable power supplier focused on delivering electricity from non-emitting sources. That has been the mission and vision of the company for over 12 years.”
Lu also provided insight into the company’s current pipeline and near-term goals.
“We recently signed a $50 million USD contract with Qcells and are also building a 60 MWh battery storage project that we will own. As a vertically integrated company, we handle development, construction and ownership. Our pipeline includes solar, battery storage and EV charging projects totaling over 1 gigawatt of capacity across Canada and the U.S.”
“This year, we plan to continue delivering to the Honeywell portfolio with additional projects while fulfilling the Qcells contract. We are also expanding our portfolio with major infrastructure projects. Last year, through a $45 million valued all-stock deal, we acquired solar assets developed by our team over the past decade, which are now contributing to our recurring revenue. We currently own about $180 million in assets. In terms of revenue, we generated approximately $60 million in fiscal 2024, and, as of January, we have secured major contracts supporting our continued growth.”
Join IBN’s Carmel Fisher and Dr. Richard Lu, President and CEO of SolarBank Corporation, as they discuss SolarBank’s long-term goals and strategy for capitalizing on forecast growth, particularly in the data center industry.
To hear the episode and subscribe for future podcasts, visit https://podcast.bell2bell.com.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Ridiculous History
History is beautiful, brutal and, often, ridiculous. Join Ben Bowlin and Noel Brown as they dive into some of the weirdest stories from across the span of human civilization in Ridiculous History, a podcast by iHeartRadio.