EVO Power USA Inc., an Australian battery energy storage company, has chosen Orange County, California as the location for its first U.S. facility. The company has leased a 15,070-square-foot space in Rancho Santa Margarita. The exact terms of the lease were not disclosed. According to Jamie Allen, Group CEO of EVO Power, the company selected Orange County due to the region’s growth in renewable energy and access to skilled labor. The new facility will be used for design engineering, assembly, testing, and distribution of EVO Power’s battery energy storage systems (BESS). The property was leased from Fauna 43 LLC, represented by Lee & Associates. JLL, which assisted EVO Power in the lease, noted that there is increasing interest in industrial spaces from renewable energy companies, especially with the extension of subsidies to clean energy manufacturers under the Inflation Reduction Act. EVO Power’s products are designed for solar and grid support applications.
In other battery tech news, Irvine-based Enevate announced a partnership with a South Korean battery maker to establish a manufacturing facility in the U.S. The collaboration between Enevate and JR Energy Solution aims to create a battery cell electrode facility. The location for the facility has yet to be determined.
TMC Hospitality, based in Irvine, has acquired Buttonwood Farm & Winery in Santa Ynez Valley. The 107-acre property was purchased in partnership with Simpatica, a sustainable farming company from Camarillo. This is TMC Hospitality’s first venture into agritourism. Buttonwood Farm & Winery was originally established in 1968 and has since grown to include a vineyard, farm, winery, tasting room, and gardens. Philip Bates, CEO of TMC Hospitality, expressed excitement about the new project and the opportunities it will bring for creating unique local experiences.
Additionally, a 12-unit apartment complex in Costa Mesa has been sold to VWC LLC for $5.7 million. The property, located at 2312 Santa Ana Ave., features two-bedroom apartments with separate parking garages. The sale represented a 16.2% price reduction from its original listing price of $7.195 million.
These real estate transactions, leases, and projects highlight the ongoing investment activity in Orange County’s commercial and residential markets.
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