Arevon Energy just brought a massive new battery storage project online in San Diego’s Barrio Logan neighborhood, and it’s built to keep the lights on when the grid gets stressed.
The new Peregrine Energy Storage Project clocks in at 200 megawatts (MW)/400 megawatt-hours (MWh), making it one of the biggest battery storage facilities in the San Diego region. That’s enough stored energy to power around 200,000 homes for two hours during peak demand.
Built for $300 million, Peregrine is the fifth utility-scale energy storage project Arevon has launched in California. It uses lithium iron phosphate (LFP) batteries, which are known for their safety and thermal stability. LFP batteries use iron, phosphate, and lithium to create a strong chemical bond that resists overheating, making them safer than other lithium-ion chemistries. They also have a longer lifespan and are less prone to degradation over time.
The facility created more than 90 construction jobs and is expected to generate over $28 million in property tax revenue over its lifetime.
Energy storage projects like this are key to making California’s grid more stable and reliable. By soaking up clean energy when demand is low and discharging it when the grid is under strain, Peregrine helps reduce blackouts and avoid spikes in electricity prices.
“The successful completion of Peregrine Energy Storage is a result of the collaborative efforts of the project’s stakeholders and the local community who collectively support California’s renewable energy goals,” said Kevin Smith, CEO of Arevon.
Arevon already operates more than 3.2 gigawatts (GW) of renewable energy projects in California, with another 800 MW under construction. Nationwide, it owns and operates 4.7 GW of solar and storage projects across 17 states.
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