Spearmint Energy (Spearmint), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, has acquired a 150 MW battery energy storage project (Revolution) from Con Edison Development, a wholly owned subsidiary of Con Edison Clean Energy Businesses, the company said.
Located adjacent to the King Mountain Wind Farm in the Lower Colorado River Authority Territory, Revolution will provide much-needed battery energy storage assets to West Texas' ERCOT market, which has recently experienced a sea change due to increases in natural gas prices and load growth from technology, weaker outlook for solar buildout, and higher industry-wide demand for renewable power.
Revolution, which is one of the largest batteries in the state of Texas, is anticipated to reach notice to begin operation in the second quarter of 2023. The first project in Spearmint's portfolio since it was launched in early 2022, it will efficiently provide clean, reliable energy to the grid upon development completion.
Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. For more information, visit: https://www.spearmintenergy.com/
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