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Arevia Power in PPA agreement with NV Energy for Nevada’s largest solar-plus-battery storage project

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Renewable Energy company Arevia Power has signed a power purchase agreement with energy service company, NV Energy for the largest solar plus battery storage project in Nevada.

The Libra Solar project will come up roughly about 20 miles south of the Fort Churchill substation in Yerington, near the Mineral County/Lyon County border. The project valued at more than $2.3 billion represents the most significant investment in renewable energy thus far by the state.

"This landmark partnership with Arevia Power is a testament to our shared vision of a cleaner, more sustainable future for Nevada," said Doug Cannon, chief executive officer of NV Energy. "The integration of a large-scale battery storage system with the solar energy project ensures that we can meet our energy demands efficiently while significantly reducing our carbon footprint."

The Libra Solar project features a 700 MW solar energy project coupled with a 700 MW battery storage (with a 4-hour duration) capable of delivering 2800 MWh of energy storage per day.

Arevia Power noted the Libra Solar project will particularly benefit rural Nevada and produce 1,948,000 MWh annually.

"The Libra Solar project reflects our dedication to pioneering large-scale renewable energy solutions that will significantly impact Nevada's energy landscape, creating jobs, stimulating the economy, and contributing to a sustainable future for generations to come," said Mark Boyadjian, Managing Partner of Arevia Power. 


US utility-scale battery storage to double, led by additions in California, Texas -  

America's battery storage capacity is likely to double in 2024, the US Energy Information Administration (EIA) said. Data shows battery storage capacity in the US would increase by 89 percent if all planned systems come onstream within the targeted time, the EIA said. The country had 16 GW of operational utility-scale battery capacity as of 2023, this could expand to 30 GW by year-end since developers have planned additions of another 15 GW in 2024, the agency said.
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