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Hull Street Energy acquires FirstLight's U.S. unit

PRIVATENov 02, 2026

Acquiring Company

Hull Street Energy

Acquired Company

FirstLight Power

EnergySustainabilityNatural ResourcesEnergyRenewable EnergySolarEnergy StorageEnergy EfficiencyClean Energy

Description

PSP Investments completed the sale of FirstLight's U.S. operations, including the FirstLight brand, to Hull Street Energy. The U.S. portfolio comprises about 1.4 GW of clean energy assets in Massachusetts, Connecticut and Pennsylvania. FirstLight's Canadian business remains under PSP Investments ownership and is now named Caelo Energy, led by CEO Patrick Gut.

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Company Information

Company

Hull Street Energy

About

Hull Street Energy 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.

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Frequently asked

Who acquired FirstLight Power?

FirstLight Power was acquired by Hull Street Energy. The deal was reported on November 2, 2026. Hull Street Energy is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes. Hull Street Energy is privately held and operates in Energy.

When did Hull Street Energy acquire FirstLight Power?

Hull Street Energy's acquisition of FirstLight Power was reported on November 2, 2026. PSP Investments completed the sale of FirstLight's U.S. operations, including the FirstLight brand, to Hull Street Energy. The U.S. portfolio comprises about 1.4 GW of clean energy assets in Massachusetts, Connecticut and Pennsylvania. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does FirstLight Power do?

FirstLight Power (FirstLight) is a leading clean power producer, developer, and energy storage company serving North America. It is privately held, operating in Energy.

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