Arevon Energy has entered into a long-term tolling agreement with MCE, an electricity provider, for 188MW of the Cormorant Energy Storage Project in California.
The Cormorant Energy Storage Project, a 250MW standalone battery energy storage system, will be constructed in two phases in Daly City, California.
The first phase, consisting of 188MW, is scheduled to commence construction in the first quarter of 2025 and is expected to be operational by the second quarter of 2026.
The energy storage system will utilize battery technology to store energy during non-peak hours and discharge it to provide power during peak demand periods.
Upon completion of both phases, the Cormorant Energy Storage Project will have the capacity to power over 55,000 homes daily, facilitating the integration of more renewable energy resources into the region.
In addition to improving grid reliability and reducing the risk of blackouts, the project is anticipated to support approximately 75 union construction jobs.
Arevon's CEO, Kevin Smith, stated, “This agreement demonstrates the strength of our collaboration with MCE and underscores Arevon and MCE's shared commitment to delivering clean, reliable energy to local communities.”
He further added, “Arevon will continue to expand its energy storage portfolio to enhance grid stability and resilience in California, furthering the state's decarbonization goals.”
This agreement marks the first commercial contract for both Arevon and MCE.
MCE is a community choice energy provider that serves 1.5 million residents and businesses across Contra Costa, Marin, Napa, and Solano counties with clean electricity and local clean energy programs.
Dawn Weisz, CEO of MCE, commented, “Battery storage is essential to accelerating the clean energy transition. Through our partnership with Arevon, we are bringing online our largest battery storage project yet to support clean, reliable, and affordable electricity service for the Bay Area residents and businesses we serve.”
