Hull Street Energy Completes Acquisition of FirstLight’s U.S. Generation Fleet

Posted on November 2nd, 2026 | Filed under Press Releases

BETHESDA, Md., Nov. 2, 2026 /PRNewswire/ — Hull Street Energy, LLC (“HSE”), a leading, power-focused U.S. investment firm, has completed its acquisition of FirstLight’s U.S. platform (“FirstLight”) from the Public Sector Pension Investment Board (“PSP Investments”). The acquired assets include a portfolio of nearly 1,400 MW of clean, reliable generation in the Northeast, including Northfield Mountain, a 1,168 MW pumped storage hydro project in Massachusetts that is the largest energy storage facility in New England, 14 hydroelectric stations located in Connecticut, Massachusetts and Pennsylvania, and three operational solar and battery facilities in the Northeast.

Northfield Mountain Pumped Hydro Storage Station in Massachusetts

“FirstLight represents an important addition to our portfolio and underscores our conviction that firm, clean resources like FirstLight’s hydropower and energy storage facilities will play an increasingly vital role in the Northeast’s evolving energy landscape,” said Sarah Wright, Founder and Managing Partner of Hull Street Energy. “We see tremendous opportunity in the hydro sector and look forward to combining HSE’s experience and expertise with FirstLight’s high-quality assets and innovative team to deliver value to the communities and markets we serve.”

“We are incredibly proud of the strong business our team has built at FirstLight through a commitment to operational excellence and a focus on delivering clean energy solutions that support grid reliability,” said Justin Trudell, President and CEO of FirstLight. “We look forward to continuing to lead the business in the Northeast and build on our success in partnership with Hull Street Energy.”

Troutman Pepper Locke and DLA Piper acted as legal counsel to HSE.

About Hull Street Energy, LLC

Hull Street Energy is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes and grows. Founded in 2014 and headquartered in the Washington, D.C. metropolitan area, the Hull Street Energy team leverages decades of experience in North American electricity infrastructure, including generation, storage, transmission, distribution, and load-serving businesses to deliver value for stakeholders. For further information about Hull Street Energy, please see www.hullstreetenergy.com and follow us on LinkedIn.

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