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Spearmint Energy Completes 150MW Texas BESS Project, Secures $92 Million Tax Equity Financing for Future Growth.

Spearmint Energy has completed its 150MW/300MWh Texas BESS project, with engineering, procurement and construction (EPC) services provided by Mortensen, Sungrow, and Mortensen. The project was brought online on schedule, on-budget and with no accidents or injuries. Spearmint secured US$92 million in tax equity financing for Revolution, which it claims is one of the first uses of the new investment tax credit (ITC) for standalone energy storage. The Texas market, where ERCOT is the grid operator, is the most active in the US and is where Spearmin Energy is building projects. The firm is also targeting a 2025 commissioning for a 900MW three-project portfolio acquired in early 2023, all in EERCOT.

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