Arevon Energy has recently completed the construction of a massive new battery storage project in San Diego’s Barrio Logan neighborhood. The Peregrine Energy Storage Project boasts an impressive capacity of 200 megawatts (MW) and 400 megawatt-hours (MWh), making it one of the largest battery storage facilities in the region. This storage capacity is equivalent to powering around 200,000 homes for two hours during peak demand.
The project, which cost $300 million to build, utilizes lithium iron phosphate (LFP) batteries known for their safety and thermal stability. LFP batteries are preferred for their strong chemical bond of iron, phosphate, and lithium, which resists overheating and enhances safety. Additionally, LFP batteries have a longer lifespan and are less prone to degradation over time.
Not only does the Peregrine Energy Storage Project contribute to the stability and reliability of California’s grid, but it also plays a vital role in reducing blackouts and preventing spikes in electricity prices. By storing clean energy during times of low demand and releasing it when the grid is under stress, the facility helps balance the grid and ensure a steady power supply.
The completion of the project created over 90 construction jobs and is expected to generate more than $28 million in property tax revenue over its lifetime. Arevon Energy, the company behind the project, already operates more than 3.2 gigawatts (GW) of renewable energy projects in California, with an additional 800 MW under construction. Nationally, they own and operate 4.7 GW of solar and storage projects across 17 states.
The Peregrine Energy Storage Project is a testament to Arevon’s commitment to supporting California’s renewable energy goals and enhancing the state’s energy infrastructure. With the successful completion of this project, Arevon continues to play a significant role in advancing clean energy solutions and driving the transition towards a more sustainable future.
