Hull Street Energy (HSE), a leading private equity firm dedicated to power sector decarbonization, has strategically invested in Flatiron Energy (“Flatiron Energy Partners”), a company focused on advancing utility-scale energy storage solutions. This investment, announced on August 2, 2022, underscores the growing importance of energy storage in enabling a cleaner, more reliable electric grid. Flatiron Energy Partners, distinguished as a certified B Corp (pending), specializes in the development, ownership, and operation of large-scale energy storage projects crucial for meeting the evolving demands of a decarbonizing energy landscape.
This partnership arrives at a pivotal time, as the North American energy economy accelerates its shift towards decarbonization. Grid-connected energy storage is becoming increasingly vital for integrating intermittent renewable energy sources like solar and wind power. Hull Street Energy’s investment in Flatiron Energy Partners expands its footprint in the rapidly expanding energy storage sector, highlighting its commitment to supporting businesses that are critical to the energy transition.
Flatiron Energy Partners brings to the table a highly experienced and diverse leadership team. These energy storage experts possess over 25 years of collective experience in standalone energy storage development and have a proven track record of developing over 6 GWh of energy storage projects across key energy markets in the United States. The company emphasizes collaboration, working closely with landowners, utilities, and local communities to construct the next generation of energy storage infrastructure necessary for achieving a carbon-free electricity grid.
Hull Street Energy’s strategic investment in Flatiron Energy Partners aligns with its broader mission to deploy capital into businesses and infrastructure that are central to the energy transition. Based in Bethesda, Maryland, Hull Street Energy leverages its extensive experience and deep understanding of North American electricity infrastructure, grid operations, and energy markets to create value for its stakeholders. Their expertise spans various aspects of the power sector, including renewable and fossil-powered generation, energy storage, transmission and distribution systems, and demand-side energy businesses. More information about Hull Street Energy can be found at www.hullstreetenergy.com.
Flatiron Energy Partners operates with a clear mission: to mitigate harmful emissions that contribute to climate change and environmental injustice. The company achieves this by developing energy storage projects that can replace fossil fuel power plants and enhance the availability of clean energy. Flatiron Energy Partners’ deep expertise in energy storage project development, structuring, and asset optimization positions them as a key player in the renewable energy transition. To learn more about Flatiron Energy Partners and their projects, visit https://flatiron.energy/.
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