PowerBank Corporation (NASDAQ: PBK) announced that a 7.01 MW DC ground-mount community solar project, known as SB-14, has achieved commercial operation in upstate New York. The facility was built for Honeywell Aerospace Inc. (NASDAQ: HON) on a regulated industrial brownfield site.

The project is the second of three to reach commercial operation under a $41 million engineering, procurement, and construction agreement between PowerBank and Honeywell, bringing the combined operational capacity from the portfolio to 14.02 MW. The full portfolio covers three community solar projects totaling 21 MW DC.

SB-14 is expected to power approximately 875 homes annually and will operate under the NYSERDA NY-Sun Program, selling energy credits to subscribers. The project was transferred from Honeywell International Inc. to Honeywell Aerospace Inc. following that company's spinoff on June 29, 2026.

PowerBank sold the projects to Honeywell in September 2023 and entered into the EPC agreement at that time. The company has retained an operations and maintenance contract for the portfolio.

Andrew van Doorn, President and COO of PowerBank, said: "Reaching commercial operation on SB-14 reflects the strength of our long-standing partnership with Honeywell and the consistent execution our team brings to every project."