United States – Arevon, a major renewable energy firm, has obtained a master supply deal for a 2 GW/6 GWh supply of Tesla Megapack to support its developing utility-scale storage portfolio.
By the end of 2021, Arevon will have overseen the building and operation of 250 MW/1,000 MWh of Tesla Megapack-based battery energy storage facilities in California and Nevada.
Tesla Megapack has been chosen to support Arevon’s Falcon portfolio, a joint venture with energy company Tenaska, in developing independent storage projects in California load centers over the next four years. These facilities can be set to deliver up to four hours of battery-based energy during the day’s peak periods. Self-contained battery systems that are strategically located improve local reliability and can be utilized to avoid grid interruptions.
The need for stationary batteries has expanded significantly on a national scale. According to a September 2021 forecast by Wood Mackenzie, the US energy storage market will expand to 35 GWh per year and be worth $8.9 billion by 2026. This deal enables Arevon to execute on storage assets scheduled to be deployed over the next few years.