BETHESDA, Md., June 10, 2021 /PRNewswire/ -- Hull Street Energy
has acquired 100% of the ownership interests in the Waterbury
Generation facility from a subsidiary of ENGIE North America.
The facility is in Waterbury,
Connecticut and provides 96 megawatts of flexible, fast
start natural gas power generation capacity to the New England
The Waterbury facility and
employees will be high-quality additions to Hull Street Energy's
portfolio of transition-critical power infrastructure.
Through this acquisition, the firm will be able to help support
state, local community and other stakeholders integrate new
variable renewable energy resources and meet regional reliability
standards, as New England states work to achieve their climate and
renewable energy goals.
Hull Street Energy affiliates now own 53 power generation
stations providing over 1,000 MW of renewable, gas-fired, and
dual-fueled generation capacity to support grid operations
throughout the United States.
Troutman Pepper LLP acted as legal counsel to Hull Street
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.
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
SOURCE Hull Street Energy, LLC