Arevon VP Recognized for Scaling Energy Storage Deals
Financial leaders in California’s renewable sector are managing increasingly complex capital stacks for battery storage.
Updated on Sept. 29, 2026 in Corporate Finance
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POWER Magazine named Jack Southard, vice president of Project Finance at Arevon, its 2026 Rising Star Award winner. Southard was honored for his role in leading major financings for energy storage projects that are critical to California's grid stability.
Why it matters
The recognition highlights the rising importance of specialized project finance in the battery sector, where securing diverse funding sources like tax credit transfers is now essential for project viability. This shift requires finance teams to combine high-level negotiation skills with internal systems for team management.
Southard led financing for the $920 million Nighthawk project, which follows his prior work securing $350 million for the Condor Energy Storage Project. Arevon, which spun out of Capital Dynamics in 2021, has seen team member Nimmi Kavasery close over $5.1 billion in financing during her tenure.
The players
Arevon
An independent renewable energy company that develops, owns, and operates utility-scale solar and battery storage projects.
Jack Southard
The vice president of Project Finance at Arevon known for leading significant energy storage project financings.
Nimmi Kavasery
A finance executive at Arevon with 15 years of experience who has closed over $5.1 billion in project financing.
The details
Southard manages complex capital structures by utilizing a mix of debt facilities, preferred equity, and tax credit transfers. He utilizes internal tracking systems for junior team development and delegates lender negotiations by involving senior leadership only for key milestones. This operational strategy allows for sustained performance in capital-intensive renewable storage projects.
Timeline
2021: Arevon spun out from Capital Dynamics.
2024: Nimmi Kavasery joined Arevon and the Condor project won Proximo's Deal of the Year.
2026: Jack Southard won the POWER Rising Star Award.
Market Landscape
The recognition of Southard follows the high-profile industry success of the Condor project, which earned Proximo's 2024 Deal of the Year. This award marks a continuation of the industry's recent focus on honoring excellence in large-scale energy storage financial structuring.
Operators in the renewable energy space should evaluate how their finance teams manage internal development and lender engagement. As deal sizes grow, balancing junior staff oversight with efficient senior-level intervention remains a critical lever for closing complex project financings.
The takeaway
Large-scale battery storage requires a disciplined approach to managing diverse capital sources and internal team mentorship. Finance managers should track staff development metrics and standardize their lender negotiation process to replicate high-performance outcomes.
Further reading
For more on evolving financial structures in the energy sector, see the latest updates in Corporate Finance.
Source note: This article includes information reported by POWER Magazine.
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