# Spearmint Energy

**Source:** https://www.startuphub.ai/startups/spearmint-energy
**Profile type:** Startup

> Delivering stable, secure, and cost-effective energy solutions through large-scale battery storage.

## 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.

## Key facts

- **Slug:** spearmint-energy
- **Website:** https://spearmint.energy/
- **Location:** Houston, Texas, USA
- **Founded:** 2019-01-01
- **Operating status:** Active
- **Total funding:** $697M
- **Sectors / tags:** Energy, Renewable Energy, Utilities, Infrastructure, Energy Storage, Battery Technology, Grid Balancing, Climate Tech, Clean Energy, Sustainability
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/spearmint-energy/

## Frequently asked

### What does Spearmint Energy do?

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.

### 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.

### Where is Spearmint Energy headquartered?

Spearmint Energy is headquartered in Houston, Texas, USA.

### When was Spearmint Energy founded?

Spearmint Energy was founded in 2019.

### What industry does Spearmint Energy operate in?

Spearmint Energy operates in Energy, Renewable Energy, Utilities, Infrastructure, Energy Storage, Battery Technology.

### What is Spearmint Energy's revenue?

StartupHub estimates Spearmint Energy's annual revenue at $436.0M (range $87.2M to $730.8M, 35% confidence), based on comparable companies in the sector.

### What is Spearmint Energy's valuation?

StartupHub estimates Spearmint Energy's effective valuation at $2.8B (range $1.7B to $4.2B, 25% confidence), based on comparable companies in the sector.

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