Spearmint Energy, a next-generation energy company bringing stable, secure and cost-effective energy solutions to the power grid with large-scale battery storage, has successfully closed an equity investment in Tierra Seca and Seven Flags, two 100 MW / 200 MWh Battery Energy Storage Systems (BESSs) located in Del Rio and Laredo, respectively. The investment, which will support the addition of 400 MWh of energy storage capacity to ERCOT, was provided by Kyuden International Corporation, an electricity-focused energy solutions provider and the overseas business arm of Kyuden Group, Japan’s leading energy utility company.
Commenting on the development, Andrew Waranch, Founder, President, and Chief Executive Officer of Spearmint, said, “We believe Kyuden International’s significant investment in Tierra Seca and Seven Flags underscores their confidence in Spearmint’s ability to safely and efficiently bring projects online that enhance grid stability and meet the needs of communities across ERCOT.”
Spearmint Energy is focused on developing, owning, operating, and optimising battery energy storage systems.
