Arevon Energy taps internal leader as CEO after record-breaking year of financing
Arevon Energy Inc., the Scottsdale developer and operator of large-scale solar and battery storage projects nationwide, has named Justin Johnson as CEO.
Johnson, who has been with the company since 2021, had previously been Arevon’s chief operating officer but was moved into the interim CEO slot in February after former CEO Justin Smith departed.
Smith joined Washington, D.C.-based Cypress Creek Renewables – a competitor to Arevon in the solar energy and battery storage project sector – as CEO in early March after having served as Arevon CEO for the past seven years.
Johnson’s appointment as Arevon’s CEO was effective March 16. The company said it would announce Johnson’s replacement as COO later this year.
“Justin has played a central role in building Arevon into a top independent power producer. His operational leadership, disciplined approach to project execution, and deep industry expertise position him well to guide the company through its next phase of growth,” Arevon’s board members said in a joint statement. “The board has full confidence in his ability to advance Arevon’s strategic priorities and continue delivering strong results across the business.”
Johnson, a graduate of the U.S. Air Force Academy who went on to work at Horizon Wind Energy before joining Arevon, brings more than two decades of experience in large-scale project execution.
Arevon’s Arizona solar project is in Pima County
During his tenure as COO, Arevon has grown its national footprint and now owns and operates more than 6 gigawatts of utility-scale solar and energy storage projects across 18 states.
Arevon has approximately 600 megawatts (MW) of projects under construction and a development pipeline exceeding 7 GW nationwide. The company’s 500-acre Avalon Solar Project in Sahuarita in Pima County, with a peak capacity of 35 megawatts, went into operation with Tucson Electric Power in 2014. Arevon most recently began operations at a newly built solar project in Missouri.
“Since Arevon’s founding, our goal has been to build a company capable of developing and operating energy infrastructure at scale,” Johnson said in a statement. “Electricity demand is increasing nationwide, and reliable infrastructure has never been more important. I’m honored to lead our team as we continue delivering solar and energy storage projects that enhance grid reliability, help meet rising energy demand, and strengthen communities across the United States.”
In 2025, the company brought more than 1.7 GW of new solar and energy storage capacity online and raised $2.3 billion in project financing, including a deal involving a syndicate of U.S., Canadian and international banks worth $600 million to load up its coffers for future projects.
Arevon Energy was formed in 2021 when renewable energy investor Capital Dynamics spun out its clean energy infrastructure arm and merged it with its former asset management affiliate. Arevon’s financial backers include the California State Teachers’ Retirement System and a subsidiary of the Abu Dhabi Investment Authority.