Arevon Hosts Ribbon-Cutting Event to Celebrate Operations at its 200 Megawatt Peregrine Energy Storage Project in San Diego

The Peregrine project strengthens energy security for American families and businesses,  ensuring energy is available when it is needed most while reducing price spikes and outages

SAN DIEGO and SCOTTSDALE, Ariz., July 30, 2025 /PRNewswire/ -- Arevon Energy, Inc., a leading American energy developer, owner, and operator, hosted a ribbon-cutting ceremony to celebrate the company's 200 megawatt (MW)/400 megawatt-hour Peregrine Energy Storage Project in operation in San Diego. Peregrine Energy Storage is Arevon's fifth completed utility-scale energy storage facility in California and bolsters Arevon's position as a leader in battery storage development and operations.

Developed and owned by Arevon, the $300 million Peregrine Energy Storage Project, which Arevon announced as fully operational in June, is located in the Barrio Logan community. Peregrine Energy Storage employed more than 90 personnel at peak construction and is disbursing long-term property tax benefits estimated to total more than $28 million over the life of the project. Peregrine stores electricity for use during high demand intervals and can provide power for up to 254,000 homes for two hours per day, reducing the risk of brownouts and blackouts. The facility features modern lithium iron phosphate batteries which are the safest technology on the market. Arevon's number one priority is the safety of those who live and work in its project areas, and the company is proud to have safely operated its energy storage facilities in U.S. communities since 2021.

The ribbon-cutting event held this week was attended by the project's partners, local business owners, and other community members and celebrated the collaborative efforts to bring the facility into operation. Kevin Smith, Chief Executive Officer at Arevon, delivered the opening remarks, followed by Mayor Todd Gloria, City of San Diego; Chris Cate, President and Chief Executive Officer at the San Diego Regional Chamber of Commerce; and Fernando Hernandez, Principal at Perkins K-8 School. Brenda Solorio, Director of Community Relations at Arevon, served as the event's master of ceremonies.

Throughout the speaking program, Arevon emphasized the project's role in strengthening energy security and stabilizing the electric grid when under stress and also acknowledged the community support to advance California's renewable energy goals, specifically through San Diego's Climate Action Plan (CAP). San Diego's CAP, established in 2015 and updated in 2022, has established a community-wide goal of net zero by 2035, committing San Diego to an accelerated trajectory for greenhouse gas reductions.

"Energy storage is key to delivering reliable clean energy when San Diegans need it most," said Mayor Gloria. "Projects like Peregrine help stabilize our grid, reduce outages, and move us away from fossil fuels. We're building a cleaner, more sustainable future for all of us — and I thank Arevon for being a partner in that effort." 

"Mayor Gloria and his administration are strong proponents of renewable energy and battery storage, and their support has been vital in getting this project over the finish line," said Smith. "Energy storage is the cornerstone of a resilient and modern electric grid, and I am proud that Arevon's Peregrine Energy Storage Project is now contributing to San Diego's Climate Action Plan and more broadly, to California's renewable energy targets."

California-headquartered Rosendin and EPC Services were the project's construction contractors. Southern California Edison (SCE) is purchasing Peregrine's Resource Adequacy capacity under a long-term agreement to help support the state's reliability needs. SCE is one of the nation's largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal, and Southern California.

As the long-term owner of the Peregrine Energy Storage Project, Arevon is committed to supporting the local community and its worthy initiatives and has previously engaged with the following organizations:

• Father Joe's Villages, supporting the organization's work to provide housing and comprehensive care and resources for homeless individuals to help them on their path to long-term success; the Arevon team also volunteered at the facility on July 28, ahead of the ribbon-cutting event
• Barrio Logan College Institute, sponsoring STEM education programming and scholarships for first-generation college students
• Perkins K-8 School, going toward STEM-related educational field trips and to deserving students and families in the Barrio Logan community
• Deputy Sheriffs' Association of San Diego, sponsoring three consecutive years of the Police Softball Del Pickney Memorial World Series game with proceeds supporting memorial scholarships and emergency relief aid for local deputies and their families

"Arevon and their team's generous contributions of necessary funding and time, including volunteering at our campus and more than $10,000 in donations, will go far to help hundreds of our neighbors leave homelessness behind for good," said Deacon Jim Vargas, President and CEO at Father Joe's Villages. "Arevon's commitment to being a good neighbor for our entire community is clear. We look forward to our continued partnership." 

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 1.5 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. Within the last two years, Arevon has completed more than $3.8 billion in project financings and closed on a $600 million corporate revolver to fund continued company growth. With a 9 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.

SOURCE Arevon