Hull Street Energy Invests in Greenskies for Solar Expansion

Updated May 30, 2024
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Hull Street ‍Energy, a private‍ equity‍ firm focused ⁣on‍ power infrastructure, is investing in Greenskies Clean Focus, a Connecticut-based company specializing‍ in distributed solar photovoltaic (PV) plants and decarbonization solutions. The investment aims to bolster Greenskies’ portfolio and accelerate the deployment of ⁢behind-the-meter renewable resources across the United States.

Greenskies, established ⁣in 2009, develops, constructs, finances, owns, and⁣ operates solar energy plants. The company also provides decarbonization solutions, including energy ⁤storage, combined cooling, heat and power ⁤(CCHP) systems, and ⁢microgrids. To date,Greenskies has developed and installed 314⁤ megawatts of renewable energy plants across 19 states,contributing considerably to the solar ⁤energy landscape.

Hull Street Energy’s investment marks a ⁣strategic expansion into ⁤critical power infrastructure, essential for North America’s energy decarbonization efforts. The firm plans to collaborate with previous investors, JLC Infrastructure, along with Greenskies’ leadership, employees, and stakeholders,‍ to further⁣ develop the ‍company’s renewable energy assets.

What’s next

With this investment, Greenskies is⁤ positioned to expand its reach and impact in the ‍renewable energy sector, contributing to a more sustainable energy future. The partnership with Hull Street Energy will likely lead to further growth of solar projects and decarbonization initiatives across the nation.