| August 7, 2025 The full Eland Solar + Storage Project, which was developed by Arevon Energy, is now fully operational. The two-phase Eland project, sited near Mojave in Kern County, is one of the nation’s largest solar + storage facilities, with total capital costs of more than $2 billion. Eland consists of 758 MWDC solar paired with 300 MW/1,200 MWh of energy storage. Eland 1 reached commercial operation at the end of 2024, and Eland 2 recently commenced full operation — together, the two phases comprise 1.36 million solar panels and 172 lithium iron phosphate (LFP) batteries. “We are building a greener Los Angeles. Arevon’s Eland Solar + Storage Project alone will generate enough power to serve more than 266,000 homes in Los Angeles and push the city’s clean energy share above 60%, a major milestone in L.A.’s transition to being powered by 100% clean energy by 2035,” said Los Angeles Mayor Karen Bass. “This is L.A.’s clean energy future — I want to thank LADWP, Arevon, and all of the partners who made this occasion possible.” The energy generated and stored by Arevon’s Eland is under long-term agreements with Southern California Public Power Authority (SCPPA), which delivers it to its members, Los Angeles Department of Water and Power (LADWP) and Glendale Water and Power (GWP). “Bringing Eland Solar + Storage online is a defining achievement for Arevon. Not only is Eland the largest project in our portfolio, but it also delivers reliable and affordable energy at scale and reflects our team’s leadership in advancing California’s renewables-forward future,” Kevin Smith, CEO of Arevon said. “Strong collaboration among the project’s landowners and community members as well as our power offtake and financing partners was essential in getting us to this moment. We are pleased to deliver homegrown, stable, and secure power to Los Angelenos and contribute to the state’s renewable energy goals — all the while supporting local communities and investing in long-term sustainability.” The Tesla batteries, which were manufactured locally in Lathrop, California, efficiently and quickly discharge power during times of peak demand, strengthening California’s energy security, especially in the face of extreme heat, brownouts and blackouts. Cumulatively, Eland 1 & 2 generated approximately 1,000 jobs to construct the facility, and the project is expected to disburse more than $36 million in local government payments throughout its lifetime, which can support schools, public services, and necessary infrastructure enhancements. News item from Arevon