Arevon Energy, Inc.

Arevon Energy, Inc. is thrilled to announce the start of operations at our 200 megawatt/800 megawatt-hour Condor Energy Storage Project in San Bernardino County, California! Condor features American-made Tesla Megapack 2 XL batteries that will annually power up to 150,000 homes for up to four hours during peak electricity demand periods. Condor will provide an estimated $25 million in property tax payments over its lifespan, supporting the county as well as the local school district. During yesterday’s ribbon cutting ceremony, Arevon’s CEO Kevin Smith, Grand Terrace’s Mayor Bill Hussey, and other leaders recognized the efforts of the various local labor organizations and commercial partners who collaborated to build Condor. The ceremony celebrated both the project’s completion and the strides it will make toward achieving San Bernardino County’s Climate Action Plan goals. Many thanks to the City of Grand Terrace, the county of San Bernardino, and David Lincoln and his team at Rosendin for assisting with the development and construction of this facility. Arevon is proud to contribute to grid reliability in California, and we look forward to developing more renewable energy projects in the Golden State.

Arevon Energy, Inc.’s new Managing Director of Project Finance, Nimmi Kavasery, has also been included in the New York Business Journal. Kavasery joined the Arevon team in July and is based in our New York office.    Nimmi has 15 years of financing experience, including more than a decade of expertise in clean energy project finance. As Managing Director of Arevon’s Project Finance team, Kavasery manages the negotiation and execution of project financings and structures tax equity partnerships.   In our recent hiring announcement, Nimmi said: “Arevon is an industry leader in executing innovative financing transactions, as well as developing and operating sustainable assets. I am excited to work with the company to continue building on that reputation of success and excellence."   Read more below! https://lnkd.in/e4A4SMti  

Arevon Energy, Inc. is honored to share that Denise Tait, Arevon's Chief Investment Officer, is featured in the New York Business Journal!    Denise brings 30 years of experience in the financial and energy industries to the Arevon team, having managed more than $2.5 billion of assets in her previous role at a leading real estate and infrastructure finance company. She joined our New York office in April.    In our hiring announcement, Denise remarked: “I am excited to work with Arevon’s high-performing Project Finance and Investment teams, as well as the company’s financial partners, to continue to advance Arevon’s clean energy portfolio.”   Click on the link to learn more! https://lnkd.in/eCvHwNB4

Arevon Energy, Inc. is excited to be ranked #2 on Solar Power World’s Top Solar Developers List! The list, published annually, divides American solar companies by services and markets, and then ranks them according to the total kilowatt capacity of the projects they installed over the last calendar year. After a series of successful solar projects in 2023, Arevon is proud to have earned this recognition. We look forward to continuing to develop, construct, own, and operate projects that provide communities with clean, renewable energy, and we thank Solar Power World for including us in their list! #TopSolar2024

Arevon Energy, Inc. recently broke ground on its 228 megawatt Posey Solar Project in Posey County, Indiana. The project, which is expected to come online in Q1 2025, will generate enough clean electricity to annually power the equivalent of more than 25,000 homes. The groundbreaking ceremony was attended by representatives from Arevon, CenterPoint Energy, and Bechtel Corporation, as well as various regional and local Indiana officials. Kevin Smith, Arevon’s CEO, shared an overview of the project’s development and its future, noting that the $300 million investment and the 200 construction workers the project employs will increase the region’s GDP by $32 million. Arevon would like to thank all the regional and local officials, landowners, and our commercial partners who made the Posey Solar Project possible. We are excited to provide renewable energy to Indiana communities and look forward to advancing the construction on Posey, as well as the development of other projects within the state. Katherine Gensler, Vice President of Government Affairs and Marketing at Arevon Ryan Hadley, Executive Director of the Indiana Office of Energy Development Richard Leger, Senior Vice President of Indiana Electric at CenterPoint Energy Connie Neininger, National Policy Advisor at the Center for Infrastructure and Economic Development

We are proud to share that the July 11 Follow the Sun Tour, in conjunction with the University of Illinois Urbana-Champaign, featured Arevon Energy, Inc.’s Solar Farm 2.0. Our solar farm has a pollinator vegetation habitat, and the university utilizes the habitat to conduct research and study agrivoltaics. Attendees had the opportunity to learn about the research being conducted by the university’s Institute for Sustainability, Energy, and Environment (iSEE) teams on agrivoltaics systems. Special thanks to Juliana Isaac from Sol Systems for organizing the event and the AgriSolar Clearinghouse for hosting the tour!

Arevon Energy, Inc. is pleased to announce the recent appointment of Nimmi Kavasery as Managing Director of Project Finance. Nimmi joins Arevon after a 10-year tenure at Bank of America, where she served as a Director in the Global Sustainable Finance Group, and prior to that, as a Senior Vice President in the Renewable Energy Finance practice. During her time at Bank of America she led the buildout of the Bank’s Tax Credit Transfer Desk among numerous other accomplishments. Prior to her tenure at Bank of America, Nimmi was an Assistant Vice President at GE Capital – Energy Financial Services. Nimmi has an impressive track record, having closed clean energy transactions with a total value exceeding $2.5 billion over her career.   We are delighted to welcome Nimmi to Arevon! Her experience, knowledge, and extensive skillset will be invaluable to our Finance and Investment teams. https://lnkd.in/ebww6gvi

Arevon Energy, Inc.’s Vice President of Transmission and Interconnection, Brindavani M., recently participated in the Alternative Technologies for Grid Planning and Operations panel discussion at the GridTECH Connect Forum in California. The panel focused on various grid-enhancing technologies including power flow controllers and topology optimization to help meet the increasing demands of electrification. Brinda shared her insights as to how various obstacles are hindering Generator Interconnection projects, including delays in the construction of transmission upgrades which involves siting, permitting, and large investments. She explained that if Transmission Operators adopt and implement grid-enhancing technologies, it can help improve grid reliability, lower the costs for customers and rate payers, and free up the queue of Generator Interconnection projects. We appreciate the opportunity to participate in this informative conference. John Engel

Our Follow the Sun Tour in Illinois is coming up in just a few weeks! The July 11 tour will feature the pollinator habitat that is part of Arevon Energy, Inc.’s Solar Project 2.0 at the University of Illinois Urbana-Champaign. We are honored that our solar site was selected for the tour, and we are looking forward to learning more about the University’s agrivoltaics research. Click the link for more details! https://lnkd.in/ev6hTTV9