Spearmint Energy launched its new platform and business for battery and sun project development, energy storage offtake and trading in renewables power. The company is committed to the Paris Climate agreement’s goal of achieving Net Zero by 2050, which will improve overall power grid resilience.
Spearmint was established by Andrew Waranch (energy industry veteran), in partnership Kevin Kelley, CEO Roscommon Analytics LLC. Spearmint consists of energy professionals such as renewables developers, power market analysts, and power traders with financial insight and financial hedging solutions.
“As our world shifts away from fossil fuels and moves rapidly toward low carbon power generation, it is critical that we be prepared with affordable, clean power sources, such as wind and solar, regardless of season or location,” says Waranch. “Battery energy storage – the process of collecting excess, unneeded power during times of surplus and releasing it when most needed – is the ideal solution to ensuring we have clean energy 365 days a year and limit waste generation.”
“Inflation, grid instability and rising energy prices are prompting an inflection point in our transition to cheaper, renewable energy solutions across the U.S.,” adds Kelley. “We are incredibly proud to partner with Andrew and the Spearmint team, who bring decades of collective experience and deep relationships with skilled regional developers to this complex market. We are excited to work together as we seek to generate attractive, risk-adjusted returns for investors and back next-generation renewable energy projects that make the power grid more resilient.”