Spearmint Energy to Join in the Clean Energy Revolution

Renewable energy leader Spearmint Energy announced the launch of its business, enabling the clean energy revolution through battery energy storage.

The platform consists of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. Spearmint Energy is in line with the objectives of the Paris Climate accord to attain Net-Zero by 2050 by upgrading overall power grid resiliency.

The company was founded by energy industry veteran Andrew Waranch and Kevin Kelley, CEO of Roscommon Analytics. Spearmint consists of veteran energy professionals, including renewables developers, power market researchers, experienced electrical engineers, and power traders.

Waranch said, “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. 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. 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,” added Kelley. 

“Now is the opportune time to utilize our industry knowledge and proprietary trading technology to partner with landowners and develop the energy storage infrastructure the U.S. urgently needs. We look forward to executing on our pipeline of development and offtake opportunities, meeting investors’ increasing demand for renewable energy solutions, and enabling the clean energy revolution,” Waranch concluded.