Arevon’s 2024 Achievements and America’s Strong Energy Future

The Rise of Homegrown American Energy: Building U.S. Energy Dominance

In recent years, the energy sector has seen remarkable growth, driven by renewable energy trends that have solidified renewables as a cornerstone of America’s integrated energy future. Today, the U.S. has installed enough domestic renewable energy to power nearly 72 million homes, creating 483,000 jobs for hardworking Americans in the process. Renewable energy is now the cheapest form of power, further driving its rapid adoption across the nation.

The primary driver of this adoption is solar energy, which accounted for more than 60% of new generation added to the electricity system in 2024. To date, the U.S. has installed more than 219 gigawatts (GW) of solar capacity — enough to power more than 37 million households. Along with solar implementation, the utilization of energy storage is a critical component for grid reliability, energy security, and the seamless integration of more renewable energy sources. In 2023 alone, the U.S. brought online 7 GW of energy storage capacity, with a pipeline of 30+ GW in progress. This pipeline, when completed, will power 24 million homes, underscoring energy storage’s vital role in ensuring grid resilience and meeting peak energy demand with low-cost, American-made renewable power.

A Resurgence of Domestic Manufacturing

The renewable energy boom has sparked a resurgence in domestic manufacturing. Over the past two years, the renewable energy industry has announced more than 160 new manufacturing facilities or expansions across the U.S. that will create more than 100,000 jobs and tens of billions of dollars in investments.

• 70 solar and energy storage manufacturing facilities have come online thanks to American energy incentives, with another 47 under construction.
• The U.S. now boasts more than 49 GW of domestic solar module manufacturing capacity, a testament to the strength of policies supporting energy production at home.

This manufacturing revival is creating economic opportunities, reducing reliance on foreign imports, and ensuring America’s energy supply chain remains robust and resilient.

Domestic Energy: Investing in America

American energy investments are making tangible, lasting impacts on local communities. From the second half of 2022 through the first half of 2024, actual business and consumer clean energy investment totaled $493 billion, fueling local economies and delivering direct benefits:

• Renewable energy projects currently contribute nearly $3 billion each year to local communities through annual tax payments and landowner lease agreements.
• 81% of U.S. clean power capacity is located in low-income counties, bringing jobs, infrastructure, and economic growth to regions that need it most.

Arevon: A U.S. Leader in Renewable Energy

At the forefront of American energy growth stands Arevon, one of the leaders in the U.S. in utility-scale solar and energy storage. Arevon’s accomplishments and dedication to advancing America’s energy future showcase its unique strengths:

• Proudly American, focused on the U.S. market: Arevon is a U.S. company with deep roots in supporting energy independence, economic growth, and domestic manufacturing.
• Advancing energy reliability: Arevon leads the way in solar and energy storage innovation, pioneering some of our nation’s first and largest solar-plus-storage projects that stabilize the grid, enhance energy security, and protect consumers from price volatility.
• Proven success: With a growing portfolio of projects, Arevon demonstrates the real-world benefits of utility-scale solar and energy storage — from job creation to energy resilience.
• Supporting American industry: Through strategic partnerships with U.S. suppliers, Arevon strengthens local economies, creates jobs, and prioritizes domestic manufacturing.

Arevon’s projects are more than just infrastructure; they represent a commitment to reliability, resilience, and a stronger energy future.

Arevon’s Impact in 2024: By the Numbers

Arevon’s ongoing leadership in American energy development has driven remarkable achievements in 2024:

• 3.2+ GW of project advancement: Expanding the U.S. energy portfolio through solar and energy storage projects that reached financial close, began construction, or entered commercial operation in 2024.
• 1+ GW of operating capacity added: Delivering affordable, reliable electricity to enhance America’s energy independence.
• 2.1+ GW of projects entered construction: Progressing projects capable of powering tens of thousands of homes with locally generated electricity.
• $2.4 billion in project financing secured: Supporting transformative solar and energy storage developments.

In 2024, Arevon’s $2 billion Eland project, ranked among America’s largest solar-plus-storage installations, completed Phase 1, with Phase 2 coming online in 2025. The groundbreaking project features 758 megawatts (MWdc) of solar power paired with 300 MW/1,200 megawatt-hours (MWh) of cutting-edge energy storage.

2024 Arevon Recognition

Arevon’s leadership and impact have been recognized across the energy industry, highlighting its commitment to excellence and innovation:

• Diversity, equity, inclusion, and justice advancement: In 2024, Arevon received Silver Certification from the Solar Energy Industries Association’s Diversity, Equity, Inclusion, and Justice Program, an evidence-based program designed to recognize specific actions and success in advancing a diverse and inclusive workplace. Arevon was also recognized as an Energage 2024 DE&I Practices winner, acknowledging its dedication to implementing equitable and inclusive principles across the company. Employing a diverse team of professionals is one of the keys to Arevon’s success.
• Solar-plus-storage leadership and innovation: Arevon’s Vikings project, one of the first utility-scale solar peaker plants in the U.S., was awarded IJGlobal’s Deal of the Year – Energy Storage North America in recognition of its $529 million financing package. The project’s impactful financing structure was also awarded Proximo’s North America Deal of the Year and received a “highly commended” recognition in pv magazine’s 2024 Project Awards.
• Environmental, social, and governance excellence: Arevon secured the No. 1 ranking in North America and No. 2 globally in the Infrastructure/Renewable Energy/Private category of the annual GRESB Environmental, Social, and Governance Benchmark Assessment.
• Top solar developer recognition: Arevon was recognized as one of the top developers nationwide, achieving the #2 ranking in Solar Power World’s 2024 Top Solar Developers List. Arevon also led the nation as the largest developer in Nevada.
• Top Workplace accolade: Arevon received the Energage and Nectar 2024 Top Workplace for Appreciation Award that highlights the company’s commitment to recognizing employee contributions.

Arevon’s Overall Impact: Driving Energy Leadership

With a proven track record, innovative solutions, and ambitious growth, Arevon’s cumulative accomplishments speak volumes:

• 4.5+ GW of domestic energy in operation
• 1.2+ million homes powered
• 1.4+ GW of projects under construction
• 6+ GW in development pipeline
• Projects spanning 17 U.S. states
• $3 billion in project financing raised since November 2023

Arevon’s work continues to advance American energy, support local communities, and drive U.S energy dominance.

Conclusion: The United States is Building on Progress for American Energy Independence

The energy industry saw extraordinary growth in 2024, much of it made possible by American energy policy that has driven historic investments in domestic manufacturing, revitalized American industries, and positioned the U.S. to regain leadership in the global renewable energy market — valued at more than a trillion dollars worldwide.

To sustain this momentum in 2025 and beyond, we need continued policies that prioritize American energy independence, reduce reliance on foreign imports, and fuel the positive trajectory of domestic manufacturing revitalization. These efforts are critical to ensuring America’s economic strength, energy security, and global competitiveness.

Key to our strong energy future are the U.S. solar and storage industries, which have proved to be instrumental in building American energy dominance. Solar and energy storage will play a vital role in an all-of-the-above energy approach that lowers energy costs while increasing American energy independence.

At the heart of this progress stands Arevon.

As an American company fully focused on and operating within the U.S. market, we are driving utility-scale solar and energy storage forward — innovating, creating jobs, and advancing energy reliability. With our proven track record and steadfast commitment, Arevon is helping power America’s energy future by strengthening communities and solidifying U.S. leadership in American-made energy.

Author: Kevin Smith, Chief Executive Officer