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.
“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.”
Nomadic marks Spearmint’s second acquisition since the Company’s launch in May 2022 and follows Spearmint’s acquisition of Revolution, a 150MW/300MWh project in West Texas that began construction in late November 2022 and is expected to commence commercial operations in mid-2023.
“As we approach the first anniversary of Spearmint, we are tremendously energized for the future potential of our Company and its ability to positively impact our environment by responsibly reducing carbon emissions.
“We look forward to further scaling our regionally diverse project portfolio over the near-term, to the benefit of our world over the long-term,” Waranch said.