Arevon Secures $920 Million Package, Including Major Debt And Preferred Equity, To Advance The Nighthawk Battery Storage Facility

Arevon Secures $920 Million Package, Including Major Debt And Preferred Equity, To Advance The Nighthawk Battery Storage Facility

Arevon Energy, Inc. closed a $920 million financing package for its Nighthawk Energy Storage Project in Poway, California. The project has a capacity of 300 MW and 1,200 MWh. Key components include a $482 million debt facility and a $169 million preferred equity investment. The facility aims to enhance grid reliability and generate significant economic benefits upon completion. The post Arevon Secures $920 Million Package, Including Major Debt A…