PowerBank signs LOI with Nodiac to deploy modular data centers across its renewable sites

PowerBank Corporation and Nodiac have signed a non-binding Letter of Intent to deploy modular, containerized data centers at PowerBank's solar and Battery Energy Storage System (BESS) sites across North America, generating new revenue from existing renewable energy infrastructure.

The LOI provides a framework to leverage PowerBank's portfolio of solar and BESS sites for the deployment of distributed AI compute infrastructure. Both companies intend to collaborate on deploying modular data centers at suitable sites within PowerBank's portfolio, with definitive agreements to be negotiated on a site-by-site basis.

"The accelerating demand for AI compute infrastructure represents a defining opportunity for renewable energy developers," said Dr. Richard Lu, CEO of PowerBank.

"By co-locating modular data centers at their solar and BESS sites, we can deliver speed-to-power for the AI industry while generating meaningful new revenue streams for PowerBank's existing assets," said Robert Sher, CEO of Nodiac.