Why did PowerBank Corporation (NASDAQ:PBK) sign an agreement with Honeywell (NASDAQ:HON)?

PowerBank Corporation (NASDAQ:PBK) signed the agreement with Honeywell (NASDAQ:HON) to provide operations and maintenance services for a 21 MW solar portfolio in New York. The deal extends PowerBank’s involvement beyond construction into long-term asset management.

What projects are included in the PowerBank Corporation (NASDAQ:PBK) Honeywell deal?

PowerBank Corporation (NASDAQ:PBK) will manage three community solar projects called SB 13-1, SB 13-2, and SB-14. These assets collectively represent a 21 MW portfolio located in New York.

What does PowerBank Corporation (NASDAQ:PBK) O&M agreement include?

The PowerBank Corporation (NASDAQ:PBK) agreement includes inspections, maintenance, repairs, monitoring, reporting, and safety and environmental compliance protocols. It also defines cost responsibilities and operational standards.

How does the Honeywell (NASDAQ:HON) project fit into PowerBank Corporation (NASDAQ:PBK) strategy?

PowerBank Corporation (NASDAQ:PBK) said the deal supports its full-cycle model, covering development, construction, and long-term operations. The company also reported over 100 MW built and a pipeline above one gigawatt.

What is the background of the solar projects in the PowerBank Corporation (NASDAQ:PBK) agreement?

PowerBank Corporation (NASDAQ:PBK) said the solar projects were built on a Honeywell industrial brownfield site. The assets were previously developed and constructed by PowerBank before being sold to Honeywell.

Image for illustrative purposes only. Not a real photo.

PowerBank subsidiary signs O&M agreement with Honeywell for 21 MW solar portfolio

Written by Liezl GambePublished Jun 30, 2026, 12:19 PM

PowerBank (NASDAQ:PBK) announced that its subsidiary Abundant Solar Power signed an operations and maintenance agreement with Honeywell for a 21 MW portfolio of three New York community solar projects.
The projects are now part of Honeywell Aerospace following the planned spinoff.
The O&M agreement covers inspections, maintenance, repairs, monitoring, and reporting for the solar facilities built on a Honeywell industrial brownfield.

PowerBank (NASDAQ:PBK) announced that its subsidiary, Abundant Solar Power, has signed an operations and maintenance agreement with Honeywell for a 21 MW portfolio of three New York community solar projects.

The projects, SB 13-1, SB 13-2, and SB-14, were built on a Honeywell industrial brownfield and are now under Honeywell Aerospace after the planned spinoff.

The O&M agreement covers inspections, maintenance, repairs, monitoring, reporting, cost responsibilities, and protocols for safety, environmental protection, and reliability.

PowerBank previously sold the projects to Honeywell and acted as EPC contractor through commissioning of SB 13-2.

This agreement extends PowerBank’s full-cycle model in renewable energy project development and operations.

PowerBank has over 100 MW of constructed projects and a development pipeline above one gigawatt.

The company continues to expand its presence in the North American renewable energy sector through project development, construction, and long-term operations and maintenance services.

PowerBank subsidiary signs O&M agreement with Honeywell for 21 MW solar portfolio

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