Spearmint Energy acquires 900MW Texas battery portfolio

March 22, 2023

Spearmint Energy has acquired a 900 MW portfolio of Texas battery energy storage assets collectively known as Nomadic.

Nomadic, which consists of three projects each with a target capacity of 300 MW, was acquired from “one of the largest developers and operators of clean energy projects in the United States”, according to a statement.

Located in Cooke, Galveston, and Brazoria counties, the Nomadic portfolio – with a capacity of up to 2,000 MWh – will serve Texas’ ERCOT power market, which has seen a significant increase in demand for renewable energy generation projects following ‘Winter Storm Uri’ in 2021 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.