PartnershipJun 30, 2026, 08:07 AM
PowerBank Secures 21 MW O&M Agreement with Honeywell
AI Summary
PowerBank Corporation announced that its wholly owned subsidiary, Abundant Solar Power Inc., has secured an Operations and Maintenance Services Agreement with Honeywell International Inc. The agreement covers a 21-megawatt portfolio of three community solar projects in New York State, built on an industrial brownfield owned by Honeywell. This agreement follows PowerBank's previous sale of the projects to Honeywell and an Engineering, Procurement, and Construction agreement, highlighting the company's vertically integrated business model and its growing presence in the clean energy sector.
Key Highlights
- PowerBank's subsidiary, Abundant Solar Power Inc., secured an O&M agreement with Honeywell International Inc.
- The agreement covers a 21 MW portfolio of three community solar projects (SB 13-1, SB 13-2, SB-14).
- Projects are located on an industrial brownfield owned by Honeywell in New York State.
- The agreement follows the successful commissioning of the SB 13-2 project.
- PowerBank previously sold the projects to Honeywell in September 2023 and entered an EPC agreement.
- PowerBank has developed over 100 MW of clean energy projects and has a pipeline exceeding 1 GW.
Price Impact
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