Hull Street Energy (HSE), a power-focused U.S. investment firm, has acquired FirstLight’s U.S. platform from the Public Sector Pension Investment Board. Financial terms were not disclosed.
The acquired assets include a portfolio of nearly 1,400 megawatts of clean generation in the Northeast, including Northfield Mountain, a 1,168-megawatt pumped storage hydro project in Massachusetts that is the largest energy storage facility in New England; 14 hydroelectric stations in Connecticut, Massachusetts and Pennsylvania; and three operational solar and battery facilities in the Northeast.
“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 HSE. “We see tremendous opportunity in the hydro sector and look fo
