The project, developed in partnership with Primoris Services Corporation, is set to support approximately 321,000 homes by storing excess energy during off-peak hours and discharging it when consumption surges. Utilizing lithium iron phosphate battery technology, the site is expected to generate over $73 million in property tax revenue throughout its operational life, providing funding for local schools and public infrastructure.
Arevon Advances Construction on 250MW Daly City Battery Project
Arevon Energy has reached a significant construction milestone at its Cormorant Energy Storage Project in Daly City, California. The 250-megawatt facility, designed to provide 1,000 megawatt-hours of capacity, is scheduled to begin operations in 2027, serving as a critical buffer for the state's power grid during peak demand.
Beyond grid stability, the installation carries environmental and community benefits, including a projected avoidance of 174,000 metric tons of CO2 annually. Arevon has secured a long-term offtake agreement with MCE, an electricity provider serving 1.8 million residents across four California counties. The collaboration also includes a $500,000 community investment fund directed toward local programs, reflecting Arevon's broader strategy of integrating renewable infrastructure with regional economic support.
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