FINANCIAL_SERVICESAPPROVED

City of Revere City Council Minutes 2026-06-22

Host Community Agreement Approved With Revolution Storage

Estimated $43 million in benefits over 20 years, including approximately $1.6 million annually in PILOT payments and more than $600,000 annually in host community paymentsCity of RevereREVOLUTION STORAGE LLCJune 22, 2026

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Description

The Revere City Council approved a Host Community Agreement with Revolution Storage, LLC/Flatiron Energy for a proposed battery energy storage facility at 0 Muzzey Street, projected to deliver approximately $43 million in benefits over 20 years. The agreement secures annual host community payments focused on fire services, schools, and energy efficiency, and requires the company to fully fund future decommissioning.

Contract Details

Contract Amount

Estimated $43 million in benefits over 20 years, including approximately $1.6 million annually in PILOT payments and more than $600,000 annually in host community payments

Vendor

REVOLUTION STORAGE LLC

Agency

City of Revere, MA

Contract Type

FINANCIAL_SERVICES

Document Date

June 22, 2026

Contract Term

20 years

Renewal Info

20‑year host community agreement; includes annual host community payments with expectations for inflation adjustments and company-funded decommissioning. Any renewal or extension beyond the 20-year term would require future council action.