Hull Street Energy will buy FirstLight USA LLC from the Public Sector Pension Investment Board. The $ transaction brings nearly 1,400 MW of clean power into Hull Street’s portfolio. The deal covers 14 hydro stations across Connecticut, Massachusetts and Pennsylvania, plus three solar and battery sites in the Northeast, in addition for the regional energy market.

FirstLight’s president and CEO Justin Trudell will oversee operations post‑acquisition. Hull Street, a private‑equity‑backed developer, has long targeted renewables in the Northeast. Adding hydro, solar and battery assets diversifies its mix and boosts its clean‑energy credentials, positioning the firm to capture growing demand for low‑carbon generation. In the state electricity sector while maintaining cost efficiency and compliance.

The transaction is slated to close later this year, tightening Hull Street’s presence in the Northeast and reinforcing its strategy to scale clean assets. Investors watch as the deal may set a benchmark for future public‑sector pension fund exits, signalling confidence in renewable portfolios and a shift toward higher ESG standards for growth in the sector.