Bethesda’s Hull Street Energy, a private equity firm that specializes in deploying capital into the power sector as it decarbonizes, has entered into a definitive agreement to acquire a 100% interest in Sunrise Power Holdings, LLC from an affiliate of ArcLight Capital Partners, LLC, Generation Bridge Acquisition, LLC (“Generation Bridge”). Hull Street Energy is headquartered at 4747 Bethesda Ave in Bethesda. Sunrise Power Holdings is located in Fellows, California, where the facility provides 586 megawatts of critical generation and reliability services to California’s Central Valley.
Per the press release: The Sunrise plant and its experienced employees will be a high-quality addition to Hull Street Energy’s critical power infrastructure business unit, Milepost Power, which was formed to enable the next wave of growth in the electricity industry. With this acquisition, the firm will continue to support grid reliability, allowing for the integration of new variable renewable energy resources as California works to achieve its climate goals.