Battery firm Spearmint hires chief of development
Spearmint Energy, the battery energy storage specialist founded in May 2022, has added Peter Rood as chief development officer to its growing team.
Rood, the former chief development officer at GlidePath Power Solutions, will oversee the development, construction, and operations of Spearmint’s battery energy storage projects.
His addition comes not long after the firm made additions to strengthen its project finance, technology, execution, and data science capabilities. In December (2022) Chris Wright joined as senior vice president of project technology from E3 Consulting; Jeff Jackson joined as senior vice president of project execution from Compute North; Nicolas Cottely joins as vice president of project finance after working as an investment manager at Origis Energy; and Allen Yu joins as data scientist most recently serving as a trader and analyst for XO Energy.
“Peter is a seasoned battery energy storage project developer, whose proven construction management, project financing, transaction and off-take experience will play a critical role in the successful growth of Spearmint’s BESS portfolio,” said Andrew Waranch, founder, president, and chief executive officer of Spearmint.
Rood has deployed over $4 billion of capital across 2.9 gigawatts of developed capacity throughout his career, including the creation of an energy storage pipeline of over 3.3 GW/11GWh across more than 20 US power markets in his most recent role.
Spearmint also recently started of construction of its inaugural battery energy storage project, Revolution, a 300MWh project in West Texas, which is expected to begin operation in mid-2023 as one of the largest batteries in the US.
The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading.