Tracked deals
10
10 tracked deals across 2020-2026.
Private Equity Firm
Energy
Hull Street Energy
Bethesda, Maryland, United States
Hull Street Energy is a Washington DC/Bethesda-based investment firm focused on energy transition and grid modernization. It invests in middle-market energy companies positioned to thrive as the North American grid grows and decarbonizes, with a holistic focus on renewable resources, critical thermal power plants, energy storage technologies, demand-side businesses, and related services.
- Focus Areas
- Grid modernization, Renewables, Energy storage
- Website
- hullstreetenergy.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Growth capital
4 growth capital · 3 addon · 2 buyout
Hull Street Energy Acquisition Volume by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Hull Street Energy, LLC, Hull Street Energy
- Target
- FirstLight USA, LLC (FirstLight U.S. operations/portfolio)
- Seller
- PSP Investments (Public Sector Pension Investment Board)
- Industry
- Energy
- Location
- Massachusetts, United States
- Type
- Divestiture
PSP Investments has signed an agreement to sell the U.S. operations of FirstLight to private equity firm Hull Street Energy. The deal transfers a portfolio of about 1.4 GW of installed clean power capacity (hydroelectric generation, energy storage, and renewables) across Massachusetts, Connecticut, and Pennsylvania, while PSP will retain FirstLight’s Canadian operations. The transaction is subject to customary regulatory approvals and is expected to close later in 2026.
-
- Buyer
- Hull Street Energy, LLC
- Target
- Edgewood Energy, LLC, Shoreham Energy, LLC, Pinelawn Power LLC, Equus Power I, L.P.
- Seller
- J-Power USA Generation, L.P.
- Industry
- Energy
- Location
- New York, United States
- Type
- Buyout
Hull Street Energy (HSE) has acquired 100% of four New York thermal power plant companies — Edgewood Energy, LLC; Shoreham Energy, LLC; Pinelawn Power LLC; and Equus Power I, L.P. — from J-Power USA Generation, L.P. The portfolio (approximately 300 MW) will operate as part of HSE’s Milepost Power fleet to provide capacity and grid reliability to the Long Island market.
-
October 24, 2023
- Buyer
- Hull Street Energy
- Target
- Upstream Tech
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Growth capital
Hull Street Energy (HSE) has made a strategic growth investment in Upstream Tech to support the company's HydroForecast and Lens platforms for water forecasting and remote monitoring. The partnership will provide capital and sector expertise to help Upstream Tech expand its team, scale product development, and accelerate deployment in energy, water management, and environmental markets.
-
- Buyer
- Hull Street Energy
- Target
- Greenskies Clean Focus
- Seller
- JLC Infrastructure
- Industry
- Renewable Energy
- Location
- Connecticut, United States
- Type
- Growth capital
Hull Street Energy has made a strategic growth investment in Greenskies Clean Focus, a vertically integrated developer, constructor, financier, owner and operator of distributed solar, storage and microgrid projects. The investment expands Hull Street Energy's footprint in critical power infrastructure and will support accelerated deployment of behind-the-meter renewable resources across the United States, in collaboration with prior investor JLC Infrastructure and Greenskies leadership.
-
April 19, 2023
- Buyer
- SunGrid Holdings (SunGrid Solutions), Hull Street Energy
- Target
- RA Electric, Inc.
- Industry
- Construction
- Location
- California, United States
- Type
- Addon
SunGrid Holdings, an affiliate of Hull Street Energy, has acquired RA Electric, Inc., a southern California electrical services contractor. The acquisition strengthens SunGrid's California-based battery energy storage system (BESS) construction capabilities by adding RA Electric's medium- and low-voltage electrical construction expertise to support projects from 1 MW to 1 GW.
-
September 20, 2022
- Buyer
- SunGrid Holdings, Hull Street Energy
- Target
- Black Electric Inc.
- Seller
- James Black, Daphne Black
- Industry
- Electrical Services
- Location
- New York, United States
- Type
- Addon
SunGrid Holdings, an affiliate of Hull Street Energy, has acquired Black Electric Inc., an electrical contracting firm based in Fishkill, New York. The acquisition expands SunGrid’s northeastern U.S. footprint and adds local electrical contracting capability to support battery energy storage system (BESS) projects across New York.
-
- Buyer
- Hull Street Energy
- Target
- Flatiron Energy
- Industry
- Energy
- Location
- Colorado, United States
- Type
- Growth capital
Hull Street Energy has made a strategic growth investment in Flatiron Energy, a Boulder-based developer, owner and operator of utility-scale energy storage projects. The investment expands Hull Street Energy’s presence in the fast-growing grid-scale energy storage market and supports Flatiron’s development and operation of standalone battery storage systems across key U.S. energy markets.
-
Hull Street Energy Makes Strategic Investment in Energy Transition & Environmental Management (ETEM)May 24, 2022
- Buyer
- Hull Street Energy
- Target
- Energy Transition and Environmental Management, LLC (ETEM)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Hull Street Energy, a Bethesda-based private equity firm, made a strategic growth investment in Energy Transition and Environmental Management, LLC (ETEM), a Texas-based firm that acquires, remediates and repurposes fossil-fired electric generation sites. The investment gives Hull Street a foothold in the energy transition and environmental remediation market as it aims to address legacy liabilities and repurpose plant sites for a decarbonizing grid.
-
- Buyer
- Hull Street Energy
- Target
- Foundation Solar Partners
- Industry
- Renewable Energy
- Location
- District of Columbia, United States
- Type
- Addon
Hull Street Energy acquired the management team and development pipeline of Foundation Solar Partners, a Washington, D.C.-based utility-scale solar developer. The deal adds Foundation's ~1 GW of sold projects in the PJM territory to Hull Street's growing portfolio of power generation and development assets, expanding the firm's renewable development capabilities in the eastern United States.
-
- Buyer
- Hull Street Energy
- Target
- Gauley River Power Partners, LLC
- Seller
- Enel Green Power North America, GE Energy Financial Services, EGPNA Renewable Energy Partners, LLC
- Industry
- Energy
- Location
- West Virginia, United States
- Type
- Buyout
Hull Street Energy acquired 100% of the interests in Gauley River Power Partners, LLC, the operator of an 80 MW hydroelectric facility in Summersville, West Virginia, from Enel Green Power North America and GE Energy Financial Services (via their EGPNA Renewable Energy Partners JV). The purchase was part of a larger purchase-and-sale under which Hull Street acquired thirty-one hydroelectric stations from the EGPNA JV and expands Hull Street affiliates' generation portfolio across the United States.
Related Acquisition Pages
Energy Buyers & Acquisitions
5 tracked deals by Hull Street Energy.
Renewable Energy Buyers & Acquisitions
2 tracked deals by Hull Street Energy.
Cloud & SaaS Buyers & Acquisitions
1 tracked deal by Hull Street Energy.
Construction Buyers & Acquisitions
1 tracked deal by Hull Street Energy.
Acquisitions in Massachusetts
2 tracked deals by Hull Street Energy.
Acquisitions in New York
2 tracked deals by Hull Street Energy.
Acquisitions in California
1 tracked deal by Hull Street Energy.
Acquisitions in Colorado
1 tracked deal by Hull Street Energy.
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