Arevon Energy has begun construction on its 250-megawatt (MW)/1,000-megawatt-hour (MWh) Cormorant Energy Storage Project in Daly City, California.
Expected to be operational in 2027, the $600 million facility will be capable of powering approximately 321,000 homes for up to four hours during peak demand.
The project is under a long-term offtake agreement with MCE, an electricity provider serving more than 1.8 million residents across Contra Costa, Marin, Napa, and Solano counties. The facility originally planned at 188 MW/752 MWh was later expanded, with the additional capacity also contracted through MCE.
Cormorant will use lithium iron phosphate battery technology and is expected to employ approximately 175 workers at peak construction. Over its lifetime, the project is projected to generate more than $73 million in property tax revenue to fund local schools, infrastructure, and public services.
“The start of construction marks an important milestone for the Cormorant project and the Daly City community,” said Justin Johnson, Chief Executive Officer at Arevon, in a statement. “Projects like Cormorant are critical to strengthening California’s energy grid by storing power when it’s abundant and delivering it when it’s needed most. Arevon is proud to continue investing in infrastructure that supports reliability, affordability, and California’s long-term clean energy goals.”
Arevon has also made community investments throughout the Daly City and Bayshore area, partnering with more than a dozen local organizations through donations, sponsorships, scholarships, and volunteering efforts.
The company currently operates more than 6 gigawatts (GW) of solar and energy storage projects across 18 states, representing over $11 billion in capital investment.
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