Arevon is developing the Cormorant Energy Storage Project, located in the Bayshore neighborhood of Daly City, at the corner of Carter Street and Saddleback Drive. The fully constructed, 250-megawatt (MW) / 1,000 megawatt-hour (MWh) project will be able to power up to 200,000 homes for up to four hours. Work began on the Cormorant Energy Storage project in 2021 and is expected to become operational by the end of 2026. This project will provide economic advantages and community benefits in addition to energy security for the local area.
About the Project
How It Works
Battery Energy Storage Systems (BESS) allow surplus energy to be stored and used later when it is needed. For instance, solar energy can be stored during the day and then made available during peak demand periods when the sun has gone down. Projects like Cormorant Energy Storage are vital to developing a sustainable grid and American energy independence.
Battery storage devices do not generate any air emissions and involve little to no fire risk when properly designed, installed, tested and operated. The battery storage systems contain protection and control features, including a battery management system that shuts down when operational environments are anything less than optimal. The project must obtain necessary permits and receive sign-off and approval from the local fire marshal and permitting authorities before the facility may be considered operational.
Project Benefits
- $4 million in project sales and use tax revenue for Daly City
- $27 million in projected property tax over the first 20 years of the project
- $250,000 in support of Daly City community based organizations
- $250,000 contribution to the Magical Bridge Playground at Hillside Park
- Supplies energy to keep the lights on and reduce the likelihood of brownouts and blackouts
- Enables more renewable energy like solar and wind
- Creates well-paying union construction jobs
- No air emissions
