Arevon Energy, Inc., a prominent energy developer, owner, and operator in the United States, has announced that its Peregrine Energy Storage Project in San Diego, California, has begun commercial operations. Located in the Barrio Logan neighborhood, the 200 megawatt (MW)/400 megawatt-hour battery storage plant is the seventh utility-scale energy storage facility owned and operated by Arevon in California.
Arevon is the owner and operator of the $300 million Peregrine Energy Storage Project. Over 90 full-time equivalent employees were engaged by Peregrine Energy Storage during the peak of construction, and the company is expected to pay out more than $28 million in long-term property tax benefits throughout the project’s duration. In terms of operational safety, the facility’s state-of-the-art lithium iron phosphate batteries are the best available. Arevon is happy to have run its energy storage facilities in American communities since 2021 without experiencing a single thermal or recordable safety event, demonstrating its commitment to the safety of workers and residents in its project regions.
“The successful completion of Peregrine Energy Storage is a result of the collaborative efforts of the project’s stakeholders and the local community who collectively support California’s renewable energy goals,” said Kevin Smith, Chief Executive Officer at Arevon. “Peregrine signifies Arevon’s ongoing commitment to energy storage, and its importance in ensuring a reliable, stable energy system, as well as to advancing domestically made energy in the state and throughout the country.”
Utility-scale battery systems make it possible to store power and then effectively release it into the grid. By storing electricity and supplying it during periods of high demand, Peregrine Energy Storage improves grid stability and lowers the likelihood of brownouts and blackouts. By rerouting energy produced during periods of low demand to storage in order to satisfy peak demand later in the day, energy storage projects like as Peregrine also make it easier to add more renewable energy projects to the grid. Up to 200,000 houses can be powered by Peregrine for two hours per day at periods of high electricity demand. Consumers’ peak power rates can also be moderated by adding extra electricity to the system during peak hours.
Arevon is a leading renewable energy developer in California, with over 800 MW now under development and over 3.2 gigawatts in operation. In addition, the business recently released statements commemorating the commencement of operations at its Eland 1 Solar-plus-Storage Project, Vikings Solar-plus-Storage Project, and Condor Energy Storage Project in California. Along with closing the funding for its Eland 2 Solar-plus-Storage Project, Arevon also announced offtake agreements for its Cormorant and Avocet energy storage projects. Vikings Solar-plus-Storage in Imperial County won IJGlobal’s Renewables Deal of the Year – Energy Storage Award, while Condor Energy Storage in Grand Terrace was named the North America Storage Deal of the Year.
