Spearmint Energy Names Michael Weinstein Senior Vice President and Head of Investor Relations

Seasoned Investor Relations Professional Brings Significant Alternative Energy, Power Markets, and Utilities Expertise to Spearmint

Builds on the Expansion of Spearmint’s Team Across Functions and Geographies

MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation clean energy company bringing reliable, low-cost energy to the power grid through battery energy storage, today announced that Michael Weinstein, ERP, former Head of Investor Relations for solar developer SunPower Corporation, has joined the Company as Senior Vice President and Head of Investor Relations, effective immediately. In this newly created role, he will be responsible for deepening and expanding Spearmint’s relationships with existing and prospective investors and supporting capital raising efforts across the business.

Mr. Weinstein brings 25 years of banking, fund management and investor relations experience to Spearmint as well as deep origination, portfolio management, trading, and equity research expertise across the energy sector. Prior to SunPower Corporation, he led the equity research team for Utilities and Alternative Energy at Credit Suisse, earning a runner-up ranking in the 2019 and 2020 Institutional Investor All-America Alternative Energy team poll. He has previously served as a portfolio manager at UBS O’Connor, a senior energy analyst at Zimmer Lucas Partners, a tolling contract originator at Allegheny Energy, and an equities analyst at Goldman Sachs. A graduate of the United States Naval Academy, Mr. Weinstein served in the Persian Gulf in support of Operation Desert Storm. He earned a B.S. in Physics from the United States Naval Academy and a M.A. in National Security Policy from Georgetown University’s Walsh School of Foreign Service.

“Michael’s industry knowledge and deep relationships with the energy investment community, coupled with his years of experience managing investor relations functions for energy development companies, will be a value-add for Spearmint as we continue to add professionals whose skillsets are commensurate with the growing needs of our platform, BESS portfolio, and project development pipeline,” said Andrew Waranch, Founder, President, and Chief Executive Officer of Spearmint. “We are proud of the investor partnerships we have established over the last two and a half years. We look forward to having Michael build upon those relationships as we seek to further institutionalize our business, scale our footprint, and enable the clean energy revolution through battery energy storage.”

“I am proud to join Spearmint, a company I was drawn to because of its differentiated suite of capabilities spanning battery storage development and power optimization that have resonated with investors,” added Mr. Weinstein. “Throughout my career, I have gained a strong understanding of energy investors’ evolving needs. I look forward to leveraging this knowledge, as well as my professional network, to further develop Spearmint’s investor relations function as the Company executes on its mission of delivering low-cost, reliable, and sustainable energy solutions to the U.S. power grid.”

Mr. Weinstein joins Spearmint as the Company continues to expand its team across functions and geographies. In the past year, Spearmint made strategic hires across core areas of the business such as Project Finance and Development. Spearmint currently employs more than 60 professionals, up from 31 professionals as of year-end 2023.

About Spearmint Energy

Spearmint Energy (“Spearmint” or the “Company”) is a leading energy company focused on developing, owning, operating, and optimizing around battery energy storage systems (“BESS”) to reduce grid volatility and increase system resiliency. Spearmint currently operates a 150MW/300 MWh BESS project in West Texas, and has more than 20 projects, totaling over 13GWh of capacity, under development in 10 states across 5 U.S. regions. Headquartered in Miami, with an additional office in Minneapolis, the Company employs over 60 professionals and is guided by strong values rooted in people, partnerships, and the planet. For more information, please visit: https://www.spearmintenergy.com/.