Arevon Commences Operations at its 200 Megawatt Peregrine Energy Storage Project in San Diego

The Peregrine project dispatches on-demand power when it is needed most in the San Diego area, helps keep peak energy prices stable, and reduces brownouts and blackouts

SAN DIEGO and SCOTTSDALE, Ariz., June 25, 2025 /PRNewswire/ -- Arevon Energy, Inc., a leading American energy developer, owner, and operator, is pleased to announce the start of commercial operations at its Peregrine Energy Storage Project in San Diego, California. The 200 megawatt (MW)/400 megawatt-hour battery storage project is located in the Barrio Logan community and marks Arevon's fifth utility-scale energy storage facility in operation in California.

The $300 million Peregrine Energy Storage Project was developed and is owned and operated by Arevon. Peregrine Energy Storage employed more than 90 full-time equivalent personnel at the height of construction and will disburse long-term property tax benefits estimated to total more than $28 million over the life of the project. The facility features modern lithium iron phosphate batteries which are the best in class regarding safety in operations. Arevon's top priority is the safety of those who live and work in its project areas, and the company is proud to have operated its energy storage facilities in U.S. communities since 2021 without a single thermal or recordable safety incident.

"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 allow electricity to be stored and then efficiently discharged into the grid. Peregrine Energy Storage enhances grid stability and will reduce the risk of brownouts and blackouts by storing electricity and providing it during high demand intervals to prevent power outages. Energy storage projects like Peregrine also facilitate the addition of further renewable energy projects on the grid by directing energy to storage generated during low demand periods to meet peak demand later in the day. During peak electricity demand, Peregrine can power up to 200,000 homes for two hours per day. The delivery of more electricity supply to the grid during peak periods can also moderate peak electricity prices paid by consumers.

Arevon is a nationwide renewable energy developer and a leader in California with more than 3.2 gigawatts in operation and more than 800 MW under construction in the state. The company recently issued other announcements celebrating achievements at several of its California projects, including the start of operations at its Eland 1 Solar-plus-Storage Project, its Vikings Solar-plus-Storage Project, and its Condor Energy Storage Project. Arevon also announced offtake agreements for its Cormorant Energy Storage Project and its Avocet Energy Storage Project and closed financing on its Eland 2 Solar-plus-Storage Project. Condor Energy Storage in Grand Terrace received the North America Storage Deal of the Year Award, and Vikings Solar-plus-Storage in Imperial County was the recipient of IJGlobal's Renewables Deal of the Year – Energy Storage Award.

About Arevon Energy, Inc.
Arevon is a U.S. energy leader committed to powering America with affordable, reliable, and secure homegrown energy. Headquartered in Scottsdale, Arizona, and with a regional office in New York City, the company's experienced and dedicated staff develops, finances, builds, owns, and operates renewable energy projects nationwide. With a strong track record in utility-scale solar and energy storage, Arevon is a trusted partner to utilities and businesses seeking cost-effective, sustainable energy solutions. By prioritizing American manufacturing and domestic energy production, the company invests in U.S. jobs, strengthens local economies, and advances the country's energy independence.

Arevon owns and operates more than 4.7 gigawatts (GW) of solar and energy storage projects across 17 states, representing more than $9.6 billion in capital investment, and is constructing an additional 1.2 GW of new capacity. The company also partnered with local utilities to develop and build 480 megawatts of solar energy, ensuring each project was successfully integrated into their communities. Over the past 18 months, Arevon has completed more than $3.8 billion in project financings. With a 6 GW development portfolio and continued investment in new projects, Arevon is solidifying its role as a leader in powering an American energy future. For more information, visit arevonenergy.com.

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SOURCE Arevon