Investments
5Portfolio Exits
1Funds
2Service Providers
1About Hull Street Energy
Hull Street Energy was formed in 2014 to invest in middle-market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets, transition to support a more sustainable future.
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Latest Hull Street Energy News
Sep 11, 2023
. News provided by Share this article Share toX HOUSTON, Sept. 11, 2023 /PRNewswire/ -- 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. New River Gorge bridge in West Virginia In December 2022, ETEM acquired the Pleasants Power Plant, a 1,280 megawatt coal-fired power plant located in Pleasants County, West Virginia from Energy Harbor (the Pleasants Station). In August 2023, ETEM sold the Pleasants Station to a California-based company that intends to retrofit the Pleasants Station to burn hydrogen gas produced at the site, thereby reducing carbon emissions, extending the plant life, and preserving hundreds of local jobs. Sammis Power Plant, a 2,220 megawatt coal-fired power plant located in Stratton, Ohio (Sammis Station) and the Hollow Rock Landfill (Hollow Rock) from Energy Harbor. ETEM expects to demolish the structures, remediate environmental conditions at the Sammis Station and Hollow Rock, and repurpose the sites for next use as the power grid transitions to a reduced carbon footprint. In total, these highly customized transactions are expected to provide numerous economic and environmental benefits to regional stakeholders; and reflect ETEM's collaborative approach to structuring portfolio solutions that optimize outcomes. Babst, Calland, Clements and Zomnir, P.C. was transactional counsel for ETEM. Akin and Black McCuskey Souers & Arbaugh were counsel for Energy Harbor. ETEM is a Texas-based energy transition and liability transfer company focused on acquiring, remediating, and repurposing fossil fired electric generation. ETEM offers generation owners a full and final transfer of all the risks and liabilities associated with retired and operating generation. For more information, visit www.etem.eco . Hull Street Energy, LLC is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes. Headquartered in Bethesda, Maryland, the team leverages its decades of experience and unique 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. For further information about Hull Street Energy please see www.hullstreetenergy.com . SOURCE Hull Street Energy
Hull Street Energy Investments
5 Investments
Hull Street Energy has made 5 investments. Their latest investment was in Flatiron Energy as part of their Private Equity on August 8, 2022.
Hull Street Energy Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/2/2022 | Private Equity | Flatiron Energy | Yes | 1 | ||
1/14/2022 | Private Equity | |||||
Other Investors | ||||||
Other Investors | ||||||
Other Investors |
Date | 8/2/2022 | 1/14/2022 | |||
|---|---|---|---|---|---|
Round | Private Equity | Private Equity | Other Investors | Other Investors | Other Investors |
Company | Flatiron Energy | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Hull Street Energy Portfolio Exits
1 Portfolio Exit
Hull Street Energy has 1 portfolio exit. Their latest portfolio exit was Foundation Solar Partners on March 28, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/28/2023 | Acquired | 5 |
Date | 3/28/2023 |
|---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 5 |
Hull Street Energy Acquisitions
5 Acquisitions
Hull Street Energy acquired 5 companies. Their latest acquisition was Sunrise Power Holdings on April 20, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/20/2023 | Acq - Fin | 1 | ||||
5/24/2021 | ||||||
10/17/2017 | ||||||
6/28/2017 | ||||||
12/23/2016 |
Date | 4/20/2023 | 5/24/2021 | 10/17/2017 | 6/28/2017 | 12/23/2016 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | ||||
Sources | 1 |
Hull Street Energy Fund History
2 Fund Histories
Hull Street Energy has 2 funds, including Hull Street Energy Partners II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
3/31/2022 | Hull Street Energy Partners II | $1,100M | 2 | ||
5/14/2019 | Hull Street Energy Partners I |
Closing Date | 3/31/2022 | 5/14/2019 |
|---|---|---|
Fund | Hull Street Energy Partners II | Hull Street Energy Partners I |
Fund Type | ||
Status | ||
Amount | $1,100M | |
Sources | 2 |
Hull Street Energy Service Providers
1 Service Provider
Hull Street Energy has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel |
Service Provider | |
|---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type |
Partnership data by VentureSource
Hull Street Energy Team
3 Team Members
Hull Street Energy has 3 team members, including current Chief Executive Officer, Todd Wynn.
Name | Work History | Title | Status |
|---|---|---|---|
Todd Wynn | Chief Executive Officer | Current | |
Name | Todd Wynn | ||
|---|---|---|---|
Work History | |||
Title | Chief Executive Officer | ||
Status | Current |
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