Data Center Expert Jonathan Martone Retained by SolarBank Corporation to Power Strategic Expansion
SolarBank (NASDAQ: SUUN) has retained Jonathan Martone and Martone Advisors to support its strategic expansion into the data center market. Martone, with over 25 years of leadership experience in data center and telecommunications industries, will assist in evaluating and introducing new data center opportunities.
Following the Company's November 2024 announcement of its data center market expansion, Martone will leverage his expertise in site selection, power infrastructure, and utility interconnection. His extensive experience includes planning hundreds of build-to-suit and multi-tenant designs, working with notable clients like EdgeConneX and Form8tion Data Centers.
While SolarBank is actively pursuing data center opportunities, the company currently has no secured projects under development. The expansion faces various risks, including site identification, permit requirements, construction contracts, and financing arrangements.
SolarBank (NASDAQ: SUUN) ha ingaggiato Jonathan Martone e Martone Advisors per supportare la sua espansione strategica nel mercato dei data center. Martone, con oltre 25 anni di esperienza dirigenziale nei settori dei data center e delle telecomunicazioni, assisterà nella valutazione e introduzione di nuove opportunità nel settore dei data center.
Dopo l'annuncio dell'espansione nel mercato dei data center da parte dell'azienda nel novembre 2024, Martone sfrutterà la sua esperienza nella selezione dei siti, nelle infrastrutture energetiche e nelle interconnessioni con le utility. La sua vasta esperienza include la pianificazione di centinaia di progetti su misura e di design multi-tenant, collaborando con clienti di spicco come EdgeConneX e Form8tion Data Centers.
Sebbene SolarBank stia attivamente cercando opportunità nel settore dei data center, attualmente l'azienda non ha progetti sicuri in fase di sviluppo. L'espansione affronta vari rischi, tra cui l'identificazione dei siti, i requisiti di permesso, i contratti di costruzione e gli accordi di finanziamento.
SolarBank (NASDAQ: SUUN) ha contratado a Jonathan Martone y a Martone Advisors para apoyar su expansión estratégica en el mercado de centros de datos. Martone, con más de 25 años de experiencia en liderazgo en las industrias de centros de datos y telecomunicaciones, ayudará a evaluar e introducir nuevas oportunidades en el sector de centros de datos.
Tras el anuncio de la compañía en noviembre de 2024 sobre su expansión en el mercado de centros de datos, Martone aprovechará su experiencia en la selección de sitios, infraestructura eléctrica e interconexión de servicios públicos. Su amplia experiencia incluye la planificación de cientos de diseños a medida y multi-inquilino, trabajando con clientes destacados como EdgeConneX y Form8tion Data Centers.
Aunque SolarBank está buscando activamente oportunidades en el sector de centros de datos, actualmente la empresa no tiene proyectos asegurados en desarrollo. La expansión enfrenta varios riesgos, incluyendo la identificación de sitios, requisitos de permisos, contratos de construcción y acuerdos de financiamiento.
SolarBank (NASDAQ: SUUN)는 데이터 센터 시장으로의 전략적 확장을 지원하기 위해 Jonathan Martone과 Martone Advisors를 고용했습니다. Martone은 데이터 센터 및 통신 산업에서 25년 이상의 리더십 경험을 가지고 있으며, 새로운 데이터 센터 기회를 평가하고 도입하는 데 도움을 줄 것입니다.
2024년 11월 회사의 데이터 센터 시장 확장 발표 이후, Martone은 사이트 선택, 전력 인프라 및 유틸리티 상호 연결에 대한 전문 지식을 활용할 것입니다. 그의 광범위한 경험에는 EdgeConneX 및 Form8tion Data Centers와 같은 저명한 고객과 협력하여 수백 개의 맞춤형 및 다중 세대 설계를 계획하는 것이 포함됩니다.
SolarBank가 데이터 센터 기회를 적극적으로 추구하고 있지만, 현재 개발 중인 보안 프로젝트는 없습니다. 이 확장은 사이트 식별, 허가 요구 사항, 건설 계약 및 자금 조달 arrangements를 포함한 여러 위험에 직면해 있습니다.
SolarBank (NASDAQ: SUUN) a engagé Jonathan Martone et Martone Advisors pour soutenir son expansion stratégique sur le marché des centres de données. Martone, fort de plus de 25 ans d'expérience en leadership dans les secteurs des centres de données et des télécommunications, aidera à évaluer et à introduire de nouvelles opportunités dans le secteur des centres de données.
Suite à l'annonce de l'expansion de l'entreprise sur le marché des centres de données en novembre 2024, Martone mettra à profit son expertise en sélection de sites, en infrastructure énergétique et en interconnexion avec les services publics. Son expérience approfondie comprend la planification de centaines de conceptions sur mesure et multi-locataires, en travaillant avec des clients notables tels qu'EdgeConneX et Form8tion Data Centers.
Bien que SolarBank recherche activement des opportunités dans le secteur des centres de données, l'entreprise n'a actuellement aucun projet sécurisé en développement. L'expansion fait face à divers risques, notamment l'identification des sites, les exigences en matière de permis, les contrats de construction et les arrangements de financement.
SolarBank (NASDAQ: SUUN) hat Jonathan Martone und Martone Advisors beauftragt, um seine strategische Expansion in den Markt für Rechenzentren zu unterstützen. Martone, der über 25 Jahre Führungserfahrung in den Bereichen Rechenzentren und Telekommunikation verfügt, wird dabei helfen, neue Möglichkeiten im Bereich Rechenzentren zu bewerten und einzuführen.
Nach der Ankündigung des Unternehmens im November 2024 zur Expansion in den Markt für Rechenzentren wird Martone sein Fachwissen in der Standortauswahl, der Energieinfrastruktur und der Versorgungsanschlüsse nutzen. Seine umfangreiche Erfahrung umfasst die Planung von Hunderten von maßgeschneiderten und Multi-Tenant-Designs, in Zusammenarbeit mit namhaften Kunden wie EdgeConneX und Form8tion Data Centers.
Obwohl SolarBank aktiv nach Möglichkeiten im Bereich Rechenzentren sucht, hat das Unternehmen derzeit keine gesicherten Projekte in der Entwicklung. Die Expansion sieht sich verschiedenen Risiken gegenüber, darunter die Standortidentifikation, Genehmigungsanforderungen, Bauverträge und Finanzierungsvereinbarungen.
- Strategic advisor acquisition with 25+ years industry expertise
- Access to extensive client network in data center industry
- Expansion into growing AI-driven data center market
- No current data center projects secured or under development
- Multiple development risks including permits, financing, and construction
- Dependence on government renewable energy incentives
Dr. Richard Lu commented: "I am honoured that Jonathan Martone has agreed to join SolarBank as an advisor. An industry leader like Jonathan will bring significant value to SolarBank as he will help support SolarBank's strategic expansion into the rapidly growing data center market. Jonathan has significant contacts and is one of the leaders in
SolarBank announced in November 2024 that it is strategically expanding into the rapidly growing data center market. Since that time, it has been evaluating a pipeline of potential data center opportunities. Mr. Martone will provide significant assistance in this process in terms of evaluating various potential opportunities and introducing new ones.
Mr. Martone works with private equity firms and data center operators to identify new sites and support their site selection. The process includes land, power, utility, and interconnection work. He assists to ensure the utility has the proper grid power, leverages new energy sources and technology for additional power, identifies medium and high voltage systems, ensures transformers are available, and makes recommendations on interconnection fabric that enables hyperscale, enterprise, and SLED deployments. Martone has personally planned hundreds of build-to-suit and multi-tenant designs over the last 20 years.
Mr. Martone has an extensive client list, including EdgeConneX, Overwatch Capital LLC, Form8tion Data Centers, Confluence Networks LLC and PBI Fider. His specialties include data centers, metro fiber, long haul fiber, dark fiber, IP transit, cloud connectivity, AWS local zone, DX node, AWS outpost, Google Cloud Interconnect, Microsoft Azure, SDN, NAAS, and designing large complex deals across multiple product sets.
There are several risks associated with the development of any data center. While SolarBank is expanding into the data center industry, it does not currently have any data center projects under development or that it has secured rights to. It is in discussions with various other parties regarding potential data center opportunities and will provide details in a future news release if an agreement to acquire or develop a data center is concluded. The development of any data center project is subject to identification of a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data center, the availability of third-party financing arrangements for the Company and the risks associated with the construction of a data center. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for renewable energy, which could result in future projects no longer being economic. Please refer to "Forward-Looking Statements" for additional discussion of the assumptions and risk factors associated with the projects and statements made in this press release.
About SolarBank Corporation
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "expects," "will continue," "is anticipated," "anticipates," "believes," "estimated," "intends," "plans," "forecast," "projection," "strategy," "objective," and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; the details of the benefits of the appointment of Jonathan Martone; the Company's planned expansion into the rapidly growing data center market; and the size of the Company's development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward-looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.
Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-Looking Statements" and "Risk Factors" in the Company's most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements; the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on the Company's operating performance and results of operations; the Company's project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements ("PPAs") and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company's effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company's results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation; unexpected warranty expenses that may not be adequately covered by the Company's insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any resurgence of COVID-19 on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE SolarBank Corporation
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