Spearmint Energy secures $325M expanded debt facility to accelerate next‑generation energy storage

Type: Financing · Technology: Storage · Country: United States · Value: $325M · Announced: 2026-06-24

Spearmint Energy secured a $325 million expanded debt facility from Nuveen Energy Infrastructure Credit (EIC), Elda River Capital Management, Harrison Street Asset Management and Aiga Capital Partners. The financing will bolster Spearmint’s operating portfolio, including the Tierra Seca, Seven Flags and Revolution battery storage assets, and its development pipeline across the United States. The capital will also support the construction of the Red Egret 300 MW/600 MWh battery project in Texas City, Texas, and other upcoming BESS projects. By expanding its debt capacity, Spearmint aims to capture growing demand for reliable power infrastructure and accelerate next‑generation energy storage deployment. The facility enhances the company’s financing flexibility, allowing it to fund operating assets, pursue strategic initiatives, and capitalize on additional storage opportunities. No advisory firms were disclosed in the announcement.

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