Los Angeles, CA – Permanent Power Company has announced the appointment of Steve Vavrik as Chief Executive Officer. About Permanent Power Company: Permanent Power Company is a CIM-backed, institutional-grade energy holdings platform focused on delivering permanent power through solar generation, battery energy storage, and transmission solutions across the United States. The company currently operates 652 MW of solar photovoltaic (PV) systems, 360 MW (1,440 MWh) of battery energy storage systems (BESS), and 15 miles of transmission lines in California, with a strategic growth plan that includes projects in qualified rural Opportunity Zones as demand for reliable, diversified energy grows. With one project under construction and another ready for construction, its portfolio is expected to expand to approximately 1,200 MW of solar PV and 690 MW (2,760 MWh) of BESS, positioning the company as a significant player in utility-scale renewable power and grid-scale storage. Backed by CIM affiliates and managed accounts, Permanent Power Company is designed as a long-term, scalable national power platform that consolidates operating assets and development-stage projects to improve operational efficiency, financing flexibility, and long-term ownership of critical energy infrastructure. The platform emphasizes energy reliability, domestic power generation, and sustained expansion of solar, storage, and transmission assets, reflecting CIM Groups broader strategy to capitalize on secular trends in U.S. energy markets and the growing need for modern, resilient power systems.

For more information visit: https://www.permanentpowercompany.com/

Permanent Power Company
4700 Wilshire Boulevard
Los Angeles, CA 90010
Phone: 323-860-4900

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