MIAMI–(BUSINESS WIRE)–Spearmint Energy (“Spearmint” or the “Company”), a next-generation energy company delivering stable, secure and cost-effective energy solutions to the power grid through large-scale battery storage, has successfully closed approximately $450 million of financing to support Red Egret, a 300 MW/ 600 MWh standalone Battery Energy Storage System (“BESS”) in the City of Texas City, Texas. The financing package includes a construction facility, an Investment Tax Credit (“ITC”)