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 transaction covering a portfolio of three community solar projects totaling 21 MW DC. The Project is built on an industrial brownfield, regulated by the New York State Department of Environmental Conservation, which is owned by Honeywell. The project is planned to move from Honeywell International Inc. to Honeywell Aerospace Inc. when Honeywell completes the planned spinoff of Honeywell Aerospace on June 29, 2026.

PowerBank developed SB 13-2 as part of a three-project portfolio alongside SB 13-1 and SB-14. In September 2023, the Company completed the sale of the Projects to Honeywell and entered into an engineering, procurement, and construction ("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.

Community solar allows dozens or even hundreds of renters and homeowners to save money from the electricity generated by the project. By subscribing to a community solar project, a homeowner earns credits on their electric bill every month from their share of the solar energy generated, accessing the financial and environmental benefits of solar without installing panels on their home.