About
Spearmint Energy is a next-generation energy company focused on providing reliable and affordable energy to the power grid. They achieve this through the development and operation of large-scale battery energy storage systems (BESS). Their project, Red Egret, is a 300 MW/600 MWh standalone BESS located in Texas City, Texas, which has secured significant financing for its construction.
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Key facts
- Website
- spearmintenergy.com
- Headquarters
- Houston, Texas, USA
- Founded
- 2019
- Total funding
- $697M (Project Financing)
- Business model
- B2B
Funding rounds
| Date | Round | Amount | Lead investors |
|---|---|---|---|
| 21 May 2026 | Project Financing | $450M | |
| 1 Sept 2023 | Debt | $225M | |
| 1 Mar 2023 | Series A | $12M | Tiger Global |
| 1 Jan 2022 | Seed | $10M |
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Frequently asked
Is Spearmint Energy trustworthy and reputable?
StartupHub's Data Trust & Reputation score for Spearmint Energy is 85 out of 100, a trusted rating, based on site security posture, privacy practices, malware and phishing checks, and public reputation signals.
How much funding has Spearmint Energy raised?
Spearmint Energy has raised a total of $697M in funding. The most recent round on record is Project Financing.
SEC filings, insider activity, nonprofit links and pay benchmarks for Spearmint Energy:
Company details: from public sources. Funding: no announced round on file. Ownership: not yet claimed by the company. Scores: measured by named tools; each links to its method. Our rules
