Spearmint Energy Names Peter K. Rood Chief Development Officer

Experienced Project Developer Enhances Spearmint’s Talented Senior Leadership Team

Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that Peter K. Rood, former Chief Development Officer at GlidePath Power Solutions LLC (“GlidePath”), has joined the Company as Chief Development Officer. In this role, Mr. Rood will oversee the development, construction, and operations of Spearmint’s battery energy storage projects.

A well-recognized leader in renewable and energy storage project development, Mr. Rood brings nearly 20 years of industry experience to Spearmint, most recently leading the creation of an energy storage pipeline of over 3.3 GW / 11 GWh across 20+ major U.S. power markets including building the team and infrastructure to support it. Having deployed over $4 billion of capital across 2.9 gigawatts of developed capacity throughout his career, Mr. Rood will leverage his track record to advance Spearmint’s battery energy storage development pipeline.

“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. “We look forward to benefiting from Peter's expertise managing greenfield development through construction and deep network of counterparty relationships as we build upon our robust pipeline of opportunities. We are thrilled to welcome him to the Spearmint team.”

Mr. Rood’s appointment follows the start of construction of Spearmint’s inaugural battery energy storage project, Revolution, a 300 MWh project in West Texas, which is expected to begin operation in mid-2023 as one of the largest batteries in the United States.

Mr. Rood added, “I am excited to join Spearmint at a defining time for the North American battery energy storage industry, as both the opportunity and demand for BESS developments continue to flourish. As a battery energy storage developer, owner, operator and trader, Spearmint is well-positioned to quickly become a market leader in helping to reduce grid volatility and increase system resiliency. Revolution is just the first battery energy storage project in what I am confident will soon become a significant portfolio of assets that help to reduce carbon emissions in a responsible and efficient way.”

At GlidePath, Mr. Rood was responsible for establishing and executing all development activities related to the company’s battery, solar, wind, and gas generation portfolio in the U.S. Previously, he served as a Vice President for Renewable Energy Systems (RES) Americas Inc., where he oversaw over 4,000 MW of wind, solar PV, and battery storage development in the northern U.S. Earlier in his career, Mr. Rood served in development-related roles at NRStor Inc., General Compression Inc., and Acciona Energy North America. He earned a B.S. in Renewable Natural Resources from the University of Arizona.

About Spearmint Energy

Founded by energy industry veteran Andrew Waranch in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. For more information, please visit: https://www.spearmintenergy.com/

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