Arevon initiates construction of 250MW Cormorant storage project

Arevon Energy has begun construction of the Cormorant Energy Storage Project in Daly City, California, US, a $600m facility that will offer storage capacity of 250MW/1,000 megawatt-hours (MWh). Scheduled to become operational in 2027, it is expected to power around 321,000 homes for up to four hours, enhancing grid reliability by providing stored electricity during peak demand periods. The energy storage system, owned and operated by Arevon, is under a long-term offtake agreement with MCE, which provide ...