With 5.3 gigawatts of renewable energy operating, 1 gigawatt under construction, and an expanding 9 gigawatt pipeline, Arevon is scaling to meet historic U.S. electricity demand and strengthen America’s energy security
Arevon Energy, Inc., a leading American energy developer, owner, and operator, today shared at RE+ 2025 its milestone achievements and ambitious growth ahead. The company owns and operates more than 5.3 gigawatts (GW) of solar, energy storage, and solar-plus-storage projects across 17 U.S. states, representing more than $10 billion in capital investment. With 1 GW of new capacity under construction and a 9 GW development portfolio as well as $4.5 billion in completed project financings over the last two years, Arevon is expanding into new markets and reinforcing its role in powering America’s energy future. With every project, Arevon commits resources back into the host communities — strengthening schools, supporting essential services, and advancing the goals that matter most to local families.
Backed by a growing, mission-driven team, Arevon is advancing utility-scale renewable projects that deliver reliable homegrown energy, create local competitive-wage jobs, and generate lasting community benefits nationwide. The company’s scale and performance have earned national recognition, ranking in the top 5% of solar companies in Solar Power World’s 2025 Top Solar Contractors List. Arevon was also recognized as the top developer in California and the fourth largest solar developer nationwide.
“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’s Project Achievements and Advancements
Arevon’s accomplishments are driven by its ability to bring renewable energy projects from development to financing through to construction and onto successful long-term operations. Over the course of the last year, Arevon has advanced more than 2,000 megawatts (MW) of projects into operations and started construction on 730 MW of new capacity.
Toward the end of 2024, Arevon began operations at its Vikings Solar-plus-Storage Project in Imperial County, California. The $529 million project, which is one of the first utility-scale solar peaker plants in the U.S., combines 157 MWdc of solar with 150 MW/600 megawatt hours (MWh) of battery storage, shifting low-cost daytime solar energy to higher-cost peak demand periods in late afternoons and evenings. Vikings’s financial close was regarded as the nation’s first utility-scale solar peaker plant to leverage tax credit transferability and was recognized by receiving IJGlobal’s Renewables Deal of the Year – Energy Storage Award.
Also among Arevon’s significant achievements was the August 2025 completion of its $2 billion Eland 1 & 2 Solar-plus-Storage Project in Kern County, California. Now fully operational, Eland delivers 758 MWdc of solar generation paired with 300 MW/1,200 MWh of energy storage, making it one of the largest installations of its kind in the nation. The project is capable of powering more than 266,000 homes annually, meeting 7% of Los Angeles’s electricity needs, while its hybrid design enables day-to-night renewable delivery and bolsters grid reliability.
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