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. When fully constructed, the 250-megawatt (MW) / 1,000 megawatt-hour (MWh) project will be able to power up to 321,000 homes for up to four hours. The Cormorant Energy Storage project began development in 2021, and construction is expected to take place from Fall 2025 through Spring 2027, when the project is expected to become operational. 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 energy storage systems do not generate any emissions or harmful radiation, and they utilize advanced technology selected for its strong safety performance. Battery storage systems also contain protection and control features, including a battery management system that shuts down when operational environments are anything less than optimal. Arevon works with the local fire department to obtain necessary permits prior to beginning operations.
Project Benefits
- $4 million in project sales and use tax revenue for Daly City
- $27 million in projected property tax across all jurisdictions 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
- Can safely power more than 321,000 homes for four hours per day
- Improves electric grid resilience and reliability
- Maximizes the use and integration of renewable energy sources
- Has no traffic impact when operating
- Provides local capacity to reduce generator-sourced air emissions during shortages and outages
- Creates well-paying union construction jobs
