NEW YORK and SCOTTSDALE, Ariz., April 17, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, announced it has signed a long-term tolling agreement with electricity provider MCE for 188 megawatts (MW) of the Cormorant Energy Storage Project. Cormorant Energy Storage is a 250 megawatt/1,000 megawatt-hour (MWh) stand-alone battery energy storage system which will be constructed in two phases in Daly City, California. The first 188 MW phase is scheduled to begin construction in Q1 2025 and is anticipated to become operational in Q2 2026.
Cormorant Energy Storage will feature state-of-the-art battery technology that will store energy during non-peak hours and discharge energy to provide power when it is needed during peak demand periods. Once both phases of the project are operational, Cormorant ...