Hull Street Energy Closes Second Fund at $1.125 Billion

The second Fund at $1.125 Billion was closed by Hull Street Energy, LLC, a Bethesda MD-based investment firm in energy transition.

The fund attracted interest from many institutional investors, including insurance companies, leading consultants and endowments.

This vehicle is designed to attract investments in the North American power industry as the economy decarbonizes and electrifies.

Led by Sarah Wright, Michael Booth, Mark Orman, Matthew Willis, Steve Morris, David Meeker, Kevin Telford, and Scott Hofmeister, Hull Street Energy targets undermanaged middle-market electricity businesses, leveraging its decades of experience and knowledge of North American electricity infrastructure, fundamentals, and grid operations, including fuel inputs, commodity contract structuring, renewable and fossil powered generation assets, energy storage, transmission and distribution systems, and electricity demand-side businesses to build value for stakeholders.

The Fund’s January capital commitment to SunGrid Solutions (a Battery Energy Solutions Service company) was made in January.

Its first fund has been fully utilized, having acquired a diverse portfolio of hydroelectric assets and thermal power plants as well as solar projects throughout the U.S.

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