Arevon Energy has recently launched a significant new battery storage project in San Diego’s Barrio Logan neighborhood, designed to maintain power during peak demand periods. The Peregrine Energy Storage Project has a capacity of 200 megawatts (MW) and 400 megawatt-hours (MWh), positioning it as one of the largest battery storage facilities in the San Diego area. This facility can store enough energy to supply approximately 200,000 homes for two hours during high-demand moments.
Constructed at a cost of $300 million, Peregrine marks Arevon’s fifth utility-scale energy storage project in California. The facility employs lithium iron phosphate (LFP) batteries, which are recognized for their safety and thermal stability. LFP batteries utilize iron, phosphate, and lithium to form a robust chemical bond that resists overheating, making them safer than other lithium-ion battery types. They also boast a longer lifespan and are less susceptible to degradation over time.
The project has generated over 90 construction jobs and is anticipated to produce more than $28 million in property tax revenue throughout its operational life. Energy storage initiatives like Peregrine are crucial for stabilizing and enhancing the reliability of California’s power grid. By capturing clean energy when demand is low and releasing it during periods of high stress on the grid, Peregrine helps minimize blackouts and prevent surges in electricity prices.
Kevin Smith, CEO of Arevon, stated, “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.” Arevon currently manages over 3.2 gigawatts (GW) of renewable energy projects in California, with an additional 800 MW under construction. Across the United States, it owns and operates 4.7 GW of solar and storage projects across 17 states.
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Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/new-san-diego-battery-storage-project-to-power-200000-homes-during-peak-demand/
