PowerBank Corporation completed the launch of its DeStarlink Genesis‑1 satellite on December 10 2025, the first node in Orbit AI’s planned constellation. The satellite carries a high‑efficiency solar array and an AI inference payload that can process data and verify blockchain transactions autonomously, demonstrating PowerBank’s ability to deliver continuous, renewable power to space‑borne computing platforms.
The launch marks a strategic pivot for PowerBank, positioning the company at the intersection of renewable energy, artificial intelligence, and decentralized computing. Analysts project that the combined market for solar‑powered AI and blockchain infrastructure will exceed $700 billion over the next decade, and PowerBank’s entry into this space could unlock new revenue streams beyond its traditional solar and battery‑storage businesses.
PowerBank’s core renewable‑energy segment has faced a challenging fiscal year. FY 2025 revenue fell 29% year‑over‑year, but gross margin improved to 25.0% from 20.0% in FY 2024, reflecting better pricing and cost discipline. In Q1 FY 2026, the company reported revenue of CAD 19.15 million, up from CAD 15.06 million a year earlier, and a net income of CAD 1 million versus a net loss of CAD 26.46 million in the same quarter of FY 2025. The turnaround is attributed to stronger demand for community solar projects and more efficient project execution.
The satellite launch and a concurrent $41 million solar development deal with Solar Advocate Development LLC—initially paid $4 million—provided a dual boost to investor sentiment. The deal underscored PowerBank’s continued execution capability in its core business while the satellite launch highlighted its future growth trajectory in high‑growth technology markets.
CEO Dr. Richard Lu emphasized that the launch “demonstrates how clean‑energy technology can enable entirely new categories of digital infrastructure.” He added that the company’s long‑term vision is to build a constellation of solar‑powered AI nodes that will support data‑center‑grade computing services in orbit, with full commercialization targeted for 2027‑2028.
Looking ahead, PowerBank plans to deploy additional Genesis‑1 satellites starting in 2026, with a full constellation expected by 2028. The company’s guidance for 2026 projects revenue growth driven by both its renewable‑energy projects and the emerging orbital computing services, while maintaining a focus on cost control and strategic partnerships to accelerate scale.
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