Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, announced the launch of its business. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. The Company is aligned with the objectives of the Paris Climate accord to achieve Net Zero by 2050 by improving overall power grid resiliency.
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Founded by energy industry veteran Andrew Waranch, in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is comprised of experienced energy professionals, including renewables developers, power market researchers, seasoned electrical engineers, and power traders who combine innovative, cutting-edge financial hedging solutions and insight to bring projects to market that reduce waste while increasing affordable, long-lasting, grid-scale renewable energy.
Mr. 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.”
Mr. Kelley added, “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.”
Mr. Waranch concluded, “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.”
Founded by energy industry veteran Andrew Waranch in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading.