California Furthers BESS Development

February 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Arevon Energy (Scottsdale, Arizona) has closed financing on a battery energy-storage system (BESS) project under construction in California, where Industrial Info is tracking $25 billion worth of active and planned BESS projects. Arevon accounts for 10 projects worth $2.3 billion, while about $9 billion worth of California's total BESS project pipeline is attributed to projects that have a medium-to-high (70% or more) probability of moving forward as planned.