Arevon Power has signed a long-term tolling settlement with MCE for 188 MW of the Cormorant Power Storage Mission, a 250 MW stand-alone BESS set to be constructed in two phases in Daly Metropolis, Calif.
The primary 188 MW part is scheduled to start development at first of subsequent 12 months and is anticipated to turn out to be operational in 2026.
“This settlement showcases the energy of collaboration with MCE and likewise helps Arevon and MCE’s joint dedication to convey clear, dependable power to native communities,” says Kevin Smith, CEO at Arevon. “Arevon will proceed to broaden its power storage portfolio with the intention to enhance grid stability and resiliency in California, enabling the state to additional its decarbonization objectives.”
This settlement is the primary business contract between Arevon and MCE.
