Published

3 years ago

February 7, 2024

Alice Rush

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

Renewable Energy

Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles

Published

11 hours ago

October 19, 2026

Alice Rush

Weather Guard Lightning Tech

Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles

Allen covers the Trump administration’s bid to reopen Revolution Wind’s permit, a bipartisan Senate permitting deal, Nordex’s doubled third-quarter profit, and GE Vernova’s new wind chief.

The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech, creators of the StrikeTape Ultra LPS retrofit. Subscribe to Uptime’s Substack newsletter. And check out Rosemary’s “Engineering with Rosie” Youtube channel. Have a question we can answer on the show? Email us!

Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles

Renewable Energy

Dictators

Published

1 day ago

October 18, 2026

Alice Rush

Have you ever wondered why every dictator in human history follows the exact same playbook? Check this out.

Plato nailed this 2400 years ago, and it’s been on “rinse/repeat” ever since.

Dictators

Renewable Energy

Making Billions by Harming Others

Published

2 days ago

October 17, 2026

Alice Rush

On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?

Here’s a rough tabulation:

Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%

Everything else combined: 20%

Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.

In this case, we have the tech giants ruining the lives of our children. Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.

Note that this wasn’t the case when we boomers were growing up 60 years ago. This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.