MIAMI–(BUSINESS WIRE)–Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that it has acquired a 150 MW battery energy storage project (the “Project” or “Revolution”) from Con Edison Development, a wholly-owned subsidiary of Con Edison Clean Energy Businesses.
Located adjacent to the King Mountain Wind Farm in the Lower Colorado River Authority Territory, Revolution will provide much-needed battery energy storage assets to West Texas’ ERCOT market, which has recently experienced a sea change due to increases in natural gas prices and load growth from technology, weaker outlook for solar buildout, and higher industry-wide demand for renewable power. Revolution is the first project in Spearmint’s portfolio since the Company was…