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Spearmint Energy has closed a $47.5 million project finance term loan from Manulife to support the commercial operation of Revolution, Spearmint’s 150 MW, 300 MWh BESS project in West Texas’ ERCOT market.

“We are proud to partner with Manulife, globally recognized for its strong track record of identifying key market leaders and providing capital with meaningful outcomes, for one of its first ever investments in standalone battery storage,” says Spearmint CFO Cory Magnuson. “Our successful closing of this loan amidst a highly competitive bidding process reflects Spearmint’s leading position within Texas’ fast-growing energy storage market as well as Revolution’s success to date in supporting grid stability throughout ERCOT.”

The close of the project finance term loan follows Revolution’s commercial operations launch earlier this year, as well as Spearmint’s prior securing of $92 million in tax equity financing from Greenprint Capital Management and $200 million in term loan financing from Aiga Capital Partners and Nuveen.

Javelin Capital supported Spearmint as financial advisor on the transaction and Paul Hastings LLP served as Spearmint’s legal counsel. Day Pitney served as legal counsel for Manulife.

The post Spearmint Energy Secures Loan from Manulife for ERCOT BESS Project appeared first on Solar Industry.

Spearmint Energy Secures Loan from Manulife for ERCOT BESS Project

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Renewable Energy

Is It Odd that Many Words in English are Supernumerary? Or Is that Superfluous? Extraneous? Unnecessary?

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Not at all.

English has an uncountable thousands of words it doesn’t need.  If you don’t believe me, check out “A Word a Day,” and learn the meanings of words that are completely useless.  The last two days brought us:

  • April 14: Flocculent (adjective: having a fluffy, woolly texture).
  • April 13: Impetrate (verb: to obtain by request or entreaty).

Maybe this impressed people a century ago, but if I wrote that a sheep was flocculent, I think you’d be rolling your eyes.

While some English speakers 400 years ago were discovering gravity, developing calculus, using newly minted telescopes to explore our solar system, and refining our understanding of logic as originally put forth by Aristotle, others were inventing words for groups of animals.

Sure, it’s useful to have words like “pack” (for dogs), “herd” (for cows and horses), “flock” (for birds), and perhaps a few others.  But what about a group of owls (a parliament), flamingos (a flamboyance), or ferrets (a business)?  And that’s just the beginning.

By contrast, Spanish has too few words, IMO.  For those interested, here are the 15+ possible meanings in English of the verb “llevar.” As someone who made an honest attempt to learn the language, I’d go into panic mode when someone would say something with any conjugation of that verb.  S***! Is he talking about wearing something, Giving someone a ride? Bringing something? Getting along well with someone?  Stealing something?

Is It Odd that Many Words in English are Supernumerary? Or Is that Superfluous? Extraneous? Unnecessary?

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Renewable Energy

The Universe Doesn’t Care About Us

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If you believe that a loving God has a plan for you, and is steadily guiding you towards happiness, then you disagree with the assertion here.

The rest of us are forced to admit that the universe is cooly indifferent to us and the outcome of our lives here on Earth.

This doesn’t mean, btw, that our lives are meaningless, but it does compel us to create our own meaning as we make our choices as we go along.

Another point to be made here is that there is no “galactic cavalry” that is going to come charging in, guns ablazing, to save us from the criminal insanity of the Trump administration.

The Universe Doesn’t Care About Us

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Sedition?

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Mark Kelly, like the vast majority of his fellow Americans, wishes to see Trump removed from office, as the president is clearly criminally insane.

That doesn’t make him, or any of the rest of us, guilty of sedition.

Sedition?

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