Primoris Wins $600M EPC Contract for 250MW California Energy Storage Project
Primoris Services Corp.'s Renewables group has secured a $600 million EPC contract for Arevon's expanded 250-MW/1,000-MWh Cormorant Energy Storage Project in Daly City, set to enter commercial operation next year. The project is expected to employ 175 workers at peak and use LFP battery technology.
1. EPC Contract Award
Primoris Services Corp.’s Renewables group has been appointed engineering, procurement and construction contractor for Arevon’s Cormorant Energy Storage Project in Daly City, California. The $600 million scope covers a 250-MW/1,000-MWh lithium iron phosphate battery installation expanded from an original 188 MW/752 MWh capacity, with commercial operation slated for next year.
2. Strategic and Financial Implications
The project is expected to employ about 175 workers at peak and bolster Primoris’s renewable infrastructure backlog, enhancing its revenue visibility for upcoming quarters. Delivering on this high-value contract could reinforce Primoris's position in the utility-scale energy storage market and drive future growth in its renewables segment.