Arevon has commenced commercial operations at its Peregrine energy storage project. It is a 200 MW/400 MWh battery storage project in San Diego, California. The $300 million project was developed and is fully owned and operated by Arevon.
The project features modern lithium-iron phosphate batteries. Furthermore, it employed over 90 full-time equivalent personnel at the height of construction. The project will disburse long-term property tax benefits estimated to be over $28 million over the life of the project.
Earlier in May 2025, Arevon Energy secured a $98 million tax equity commitment for its Ratts 1 and Heirloom solar projects. The tax equity commitment has been secured from Fifth Third Bank. The projects will add 265 MW of new domestic energy to Pike County, Indiana.
