Honeywell Community Solar Project SB-14 Successfully Achieves Commercial Operation in Upstate New York

TORONTO, July 2, 2026 /PRNewswire/ - PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a leader in independent energy development and asset ownership in North America, today announces that the 7.01 MW DC / 5 MW AC ground-mount community solar project known as SB-14 (the "Project"), located in upstate New York, has achieved commercial operation.

The 7.01 MW Project was developed and constructed by PowerBank for Honeywell International Inc. (NASDAQ: HON) ("Honeywell") as part of the Company's US$41 million engineering, procurement, and construction ("EPC") agreement covering a portfolio of three community solar projects totaling 21 MW DC.

The Project is built on an industrial brownfield owned by Honeywell, which is regulated by the New York State Department of Environmental Conservation.

The Project has been moved from Honeywell International Inc. to Honeywell Aerospace Inc., following the planned spinoff of Honeywell Aerospace on June 29, 2026.

PowerBank originated the site and developed SB-14 as part of a three-project portfolio alongside SB 13-1 and SB 13-2.

This is the second project from the portfolio to reach commercial operation, and brings the total to 14.02 MW of clean energy now being generated for the community.

In September 2023, the Company completed the sale of the Projects to Honeywell and entered into an EPC agreement to build the Projects through to commercial operation.

The total transaction value, including the sale of the Projects and the EPC agreement, is approximately US$41 million.

PowerBank has retained an operations and maintenance ...