Arevon Secures $1.1 Billion Financial Close for Eland 2 Solar-plus-Storage Project
Amount Raised
$1.1 Billion
Round Type
Funding Round
United StatesEnergyRenewable EnergyBiomass EnergyInvestors
Description
Arevon Energy, Inc. has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The project comprises a 374 MWdc solar project coupled with 150 MW/600 megawatt hours (MWh) of energy storage and is anticipated to come online in Q1 2025.
Quick answer
Arevon raised $1.1 Billion in a Funding Round round, dated February 22, 2024. Investors: Canadian Imperial Bank Of Commerce, J.P. Morgan, National Bank Of Canada, Commonwealth Bank Of Australia, Commerzbank AG, Co Bank, BNP Paribas and Wells Fargo. Arevon is based in United States.
- How much did Arevon raise?
- Arevon raised $1.1 Billion in a Funding Round round on February 22, 2024.
- Who invested in Arevon?
- Canadian Imperial Bank Of Commerce, J.P. Morgan, National Bank Of Canada, Commonwealth Bank Of Australia, Commerzbank AG, Co Bank, BNP Paribas and Wells Fargo are named as investors in this round.
- What does Arevon do?
- Arevon Energy, Inc. is a leading renewable energy company, supplying clean energy to utilities and corporations across North America.
- Where is Arevon based and how big is it?
- Arevon is based in United States. Fundz records about 281 employees.
- Who are the decision-makers at Arevon?
- Fundz holds 3 contacts at Arevon, including the Managing Director, Investment. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Arevon that raised within 45 days of this round, from Fundz verified event records.
- Polar Night Energy raised $8.2M (Seed) on April 4, 2024.
- Lightyears Solar raised $6M (Funding Round) on March 26, 2024.
- MyGug raised $973K (Seed) on March 25, 2024.
- e-peas raised $19M (Funding Round) on March 20, 2024.
- Greenalia raised $200M (Funding Round) on March 19, 2024.
- phelas raised $4.5M (Seed) on March 13, 2024.
Who to call at Arevon, and when
A new round usually means Arevon is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Arevon raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Arevon, from your own LinkedIn network
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Related People
Arevon raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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