Hull Street Energy

4747 Bethesda Avenue
Bethesda, MD 20814

Website: hullstreetenergy.com

Firm Size

• Assets Under Management (AUM):$1.9 Billion
• Number of Funds:7
• Employees:16
• Firm Type:Private Equity
• Focus Areas: Software & Technology
  Infrastructure
  Energy
  

Description

Hull Street Energy, based in Bethesda, MD, is a private equity firm that focuses on making investments in the North American power sector. The company specializes in acquiring and managing middle-market power assets, including conventional and renewable power generation facilities, as well as transmission and distribution infrastructure. Hull Street Energy has a hands-on approach to its investments, actively managing and optimizing the assets it acquires to create value. The company aims to improve operational efficiency, reliability, and environmental performance of the power assets in its portfolio. It also seeks to leverage emerging technologies and market trends to drive growth and maximize returns for its investors. The firm's team consists of experienced professionals with a deep understanding of the power sector and a proven track record in executing successful investments. They have a broad network of industry relationships and strategic partnerships that facilitate their investment efforts. Hull Street Energy focuses on investing in assets that benefit from regulated or long-term contracted revenues, providing stability and predictability to its portfolio. The company takes a long-term view on its investments and is committed to responsible and sustainable practices in the energy industry. Overall, Hull Street Energy stands out as a reputable private equity firm in Bethesda, MD, that plays a significant role in the North American power sector, actively managing and optimizing power assets to create value and drive growth.

Latest News

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Dec 21, 2023: Hull Street Energy Closes on $160 Million Credit Facility for Mesquite Generation
Hull Street Energy has closed a $160 million financing for its 855 MW Milepost Power Texas portfolio known as Mesquite Generation. The plants in the Mesquite portfolio are located in Bastrop and Paris, Texas , and provide critical power generation and reliability services to the Texas grid. Proceeds will be used to fund reserves, expenses and distributions to investors.

Dec 07, 2023: Hull Street Energy Acquires California Natural Gas-Fired Power Plant
 Hull Street Energy has acquired 100% of EF Oxnard, LLC (EF Oxnard) from an affiliate of Atlantic Power & Utilities. Located in Oxnard, California , EF Oxnard is a nominal 48 MW simple cycle, gas-fired facility.

Oct 26, 2023: Hull Street Energy to Acquire California Natural Gas-Fired Power Plant
Hull Street Energy has entered into a definitive agreement to acquire 100% of EF Oxnard, LLC (EF Oxnard) from an affiliate of Atlantic Power & Utilities. Located in Oxnard, California , EF Oxnard is a nominal 48 MW simple cycle, gas-fired facility.

Oct 24, 2023: Hull Street Energy Announces Strategic Investment in Upstream Tech
Hull Street Energy ("HSE") has made a strategic investment in Upstream Tech. The highly accomplished Upstream Tech team has an extensive successful track record in software engineering and environmental analysis. HydroForecast is critically acclaimed, the most accurate river flow forecast available, and has resulted in smarter utilization of the world's most precious natural resource, freshwater. It has also improved operating efficiency and infrastructure safety for numerous institutions. Lens  is a remote monitoring platform that has expansive access to satellite and aerial imagery, supporting the monitoring, protection and restoration of millions of acres of land around the world. 

Oct 16, 2023: Hull Street Energy Announces Strategic Investment in Greenskies Clean Focus
 Hull Street Energy has made a strategic investment in Greenskies Clean Focus ("Greenskies"). Greenskies is a vertically integrated company that develops, constructs, finances, owns, and operates distributed solar projects. Since Greenskies was founded in 2009, they have been an industry leader providing commercial and industrial customers with onsite renewable generation solutions in New England, New Jersey , and California .

Sep 11, 2023: Energy Transition and Environmental Management LLC Completes Fossil Fuel Portfolio Acquisition from Energy Harbor Corp.
Energy Transition and Environmental Management LLC (ETEM), an affiliate of Hull Street Energy, LLC, has completed a series of transactions with subsidiaries of Energy Harbor Corp. (collectively, Energy Harbor) designed to facilitate Energy Harbor's divestiture of fossil-fueled electric generating assets and associated liabilities. 

Jun 22, 2023: Hull Street Energy Acquires California Natural Gas-Fired Plant
Hull Street Energy ("HSE") has acquired Sunrise Power Holdings, LLC from an affiliate of ArcLight Capital Partners, LLC, Generation Bridge Acquisition, LLC ("Generation Bridge"). Located in Fellows, California , the facility provides 586-megawatts of critical electric generation and Resource Adequacy to consumers, utilities, and Community Choice Aggregators across the State and further demonstrates HSE's support of grid reliability, enabling further integration of new variable renewable energy resources to advance achievement of California's environmental goals.

May 08, 2023: HULL STREET ENERGY TO ACQUIRE TEXAS NATURAL GAS-FIRED POWER PLANT PORTFOLIO FROM ATLAS HOLDINGS
Hull Street Energy ("Hull Street") and Atlas Holdings (" Atlas ") announced today the signing of a definitive agreement for Hull Street to acquire 100% of the Bastrop Energy Center and Paris Energy Center power plants from Mesquite Generation Holdings LLC, an affiliate of Atlas . Located in Bastrop and Paris, Texas , the facilities provide 855 megawatts of critical power generation and reliability services to the Texas grid.

Apr 21, 2023: HULL STREET ENERGY AGREES TO ACQUIRE CALIFORNIA NATURAL GAS-FIRED PLANT
Hull Street Energy has entered into a definitive agreement to acquire a 100% interest in Sunrise Power Holdings, LLC from an affiliate of ArcLight Capital Partners, LLC, Generation Bridge Acquisition, LLC ("Generation Bridge"). Located in Fellows, California , the facility provides 586 megawatts of critical generation and reliability services to California's Central Valley.