Spearmint Energy expands portfolio through acquisition in Texas
In Florida, Spearmint Energy announced that is has acquired a 900 MW portfolio of battery energy storage solutions (BESS) assets, collectively known as Nomadic. Nomadic, which consists of three projects each with a target capacity of 300 MW, was acquired from one of the largest developers and operators of clean energy projects in the United States. The firm noted that the acquisition significantly expands Spearmint’s BESS portfolio. Located in Cooke, Galveston, and Brazoria counties, in Texas, the Nomadic BESS portfolio – with a capacity of up to 900 MW and 2,000 MWh – will serve Texas’ rapidly growing ERCOT power market, Spearming Energy said. The first project within the Nomadic portfolio is anticipated to reach notice to proceed in early 2024 and begin commercial operation within 12-18 months. “We are proud to add Nomadic to the Spearmint portfolio,” said Andrew Waranch, Founder, President, and Chief Executive Officer of Spearmint. “A collection of state-of-the-art energy storage projects, Nomadic will enable Spearmint to continue to execute our mission of facilitating the clean energy revolution through the delivery of renewable power to the grid efficiently, safely, and where communities need it most.”
