| Disseminated on behalf of SolarBank Corporation (NASDAQ:SUUN).
Big tech has a problem. Companies like Microsoft consume an enormous amount of energy. It is more commonly ranked next to small countries than large companies. And with the A.I. sector just starting to take off, energy needs going forward look to be even greater than anyone predicted. Just consider, the average consumer making use of an artificial intelligence platform requires 10 times more electricity than the typical Google search. Even with aggressive development by major utilities to increase output, they aren't anywhere close to providing the energy needed. That's why Microsoft, Amazon, and Walmart are taking matters into their own hands, investing in community-scale, locally-sourced solar projects across the United States. If unfamiliar, community solar gardens use nearby vacant land to provide low-cost energy to neighborhoods around the nation. It's a strategic approach could help trigger a switch away from large-scale, regional power plants to localized, renewable power production. And with a strategic advantage when it comes to cost and volume, SolarBank (NASDAQ:SUUN) is leading the charge. So far, SolarBank has developed community solar gardens in more than 20 cities across the state of New York and Canada. And their tailored approach has been successful in lowering an average customer's electricity bill by as much as 10%. That's why SolarBank attracted the attention of major utility providers, like Honeywell International. The Fortune 100 company inked a $41 million contract with SolarBank to implement community solar and help feed the electrical grid. It's no wonder their team of experts are getting brought in to tackle one project after the next, as they lower energy costs for homes across North America. Find out how SolarBank (NASDAQ:SUUN) is tackling the energy crisis one project at a time.
The Tomorrow Investor
Disseminated on behalf of SolarBank Corporation (NASDAQ:SUUN).
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