City of Revere City Council Minutes 2026-06-22
Council Approves PILOT With Revolution Storage
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Description
The Revere City Council approved a 20‑year Payment In Lieu Of Taxes (PILOT) Agreement with Revolution Storage, LLC/Flatiron Energy for the proposed battery energy storage facility at 0 Muzzey Street. The agreement is expected to provide approximately $1.6 million in annual PILOT payments as part of a broader $43 million benefits package to the City.
Contract Details
Contract Amount
Approximately $1.6 million annually in PILOT payments (within an estimated $43 million benefits package over 20 years)
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 PILOT agreement aligned with the life of the proposed facility; any extension or renegotiation after this period would require additional council approval.
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