Spearmint Energy buys 900-megawatt battery project portfolio in Texas

ReNews.biz:

US storage player Spearmint Energy has acquired a 900MW portfolio of grid battery projects, collectively known as Nomadic, in Texas.

Nomadic, which consists of three projects each with a target capacity of 300MW, was acquired from one of the largest developers and operators of clean energy projects in the United States.

Located in Cooke, Galveston and Brazoria counties, the Nomadic BESS portfolio – with a capacity of up to 900MW/2000 megawatt hour– will serve Texas’ rapidly growing ERCOT power market, which has seen a strong increase in demand for renewable energy generation projects following Winter Storm Uri and the passing of the Inflation Reduction Act.

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.

[Staff Report]

More: Spearmint Energy bags 900MW Texas battery portfolio