Cormorant Energy Storage Project — 250 MW / 1,000 MWh LFP battery storage, Daly City, California
Arevon Energy breaks ground on the $600M Cormorant Energy Storage Project (250 MW / 1,000 MWh LFP) in Daly City, CA. Long-term offtake contracted with MCE (serving 1.8M+ Bay Area residents across Contra Costa, Marin, Napa, and Solano counties). EPC: Primoris Services. COD targeted 2027. Project expanded from original 188 MW / 752 MWh design; full expanded capacity also contracted with MCE. Arevon CEO Justin Johnson leads the company following Kevin Smith's departure to Cypress Creek Renewables.
$600M
Deal Value
250MW
Capacity
1,000MWh
Storage
BESS
Technology
CA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Arevon Energy
- Buyer / Financier
- MCE (Marin Clean Energy)
- Offtaker
- MCE (Marin Clean Energy)
- Deal Value
- $600M
- Stage
- Under Construction
- ISO/RTO
- CAISO
Service Providers
Advisory & Legal
- epc
- Primoris Services Corporation
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