Arevon Crosses $10 Billion In Operating Assets, Expanding U.S. Energy Portfolio

Arevon Energy, Inc., a leading American renewable energy developer, owner, and operator, announced at the RE+ 2025 conference that it has surpassed $10 billion in operating assets. The company now owns and operates over 5.3 gigawatts (GW) of solar and energy storage projects across 17 U.S. states. Additionally, Arevon has 1 GW of new capacity under construction and a 9 GW development pipeline, positioning itself as a significant contributor to the nation’s energy infrastructure.

Among its recent milestones, Arevon completed the $2 billion Eland 1 & 2 Solar-plus-Storage Project in Kern County, California, which delivers 758 MWdc of solar generation paired with 300 MW/1,200 MWh of energy storage. This project is capable of powering more than 266,000 homes annually and meets 7% of Los Angeles’s electricity needs. Another notable achievement is the $529 million Vikings Solar-plus-Storage Project in Imperial County, California, combining 157 MWdc of solar with 150 MW/600 MWh of battery storage. This facility shifts low-cost daytime solar energy to higher-cost peak demand periods, enhancing grid reliability.

“These milestones are a testament to the Arevon team, whose talent and commitment make these achievements possible,” said Kevin Smith, Chief Executive Officer at Arevon. “Amid a record electricity demand surge in the U.S., our operating portfolio is reinforcing grid reliability, delivering dependable and affordable American power to millions across the country, and safeguarding national security as the U.S. leads in the global AI economy. Despite the challenging revisions to U.S. energy policy related to renewable energy, solar and energy storage will remain key to meeting future electricity demand requirements.”

Arevon has also secured over $4.5 billion in project financings over the past two years, including significant investments in projects such as the Kelso Solar Project in Missouri and the Peregrine Energy Storage Project in San Diego. The company continues to expand its development portfolio and has secured a $600 million credit facility to further enhance its growth.

Recognized for its leadership in renewable energy, Arevon was ranked No. 1 in North America and No. 2 worldwide in the Infrastructure/Renewable Energy/Private category of the GRESB ESG Benchmark Assessment. The company also achieved Silver Certification from the Solar Energy Industries Association’s DEIJ Program and received multiple Top Workplaces awards, underscoring its commitment to sustainability and workplace excellence.

Looking ahead, Arevon plans to continue its expansion through a growing development pipeline and strategic partnerships, aiming to meet the increasing demand for clean, reliable, and affordable energy across the United States.