PowerBank Corporation's Strategic Expansion into the Data Center Market

PowerBank Corporation, a leader in North American energy infrastructure, announced its strategic intent to expand into the rapidly growing data center market. The company highlighted the significant growth in power generation demand, expected to reach 450 gigawatts by 2030, driven by the expansion of AI, cloud computing, and high-performance computing. The data center market is projected to grow from $242.72 billion in 2024 to $584.86 billion by 2025. PowerBank is evaluating a pipeline of potential data center opportunities, leveraging its expertise in energy infrastructure. However, the company currently has no data center projects under development and acknowledges various risks, including regulatory changes and financing availability.