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NEXT GENERATION

 

Why We're Different

Our broad based experience, quantitative approach and focus on disciplined investing makes us different. Hull Street Energy invests in middle market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission, and behind-the-meter assets transition to support a more sustainable future. We have built a business that is singularly focused in its approach and capabilities.

power plant

Broad based EXPERIENCE

Our experience is not only long in years, it is broad across the energy spectrum. Our team has decades of extensive and wide-ranging experience buying, selling, owning and operating energy businesses. We have managed energy assets through their entire lifecycle from development to rehabilitation to retirement. We have operated gas, oil, geothermal, biomass, hydro, solar and wind-powered generation stations—and provided electrical service to millions of customers. We have managed energy commodity, fuel handling, environmental compliance, retail supply and other related electricity service companies. We have worked for small start-ups to Fortune 100 companies; including independent power producers, electric utilities, investment banks and private equity investment firms.   

panel of electric meters

QUANTITATIVE approach

Our quantitative approach to investing is distinguished by a balanced integration of sophisticated financial and deep technical fundamental analysis. Our adept transaction structuring skills, substantial operating expertise and close attention to detail enable us to execute numerous complex power transactions efficiently.  The cornerstone of our systematic investment process is our unique and proprietary quantitative valuation techniques, analytical tools and risk-management systems. Our quantitative analytics and investment protocols help us provide pricing to transaction counterparties in an expedient manner, and to achieve differentiated and attractive risk-adjusted returns for our stakeholders.

 

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DISCIPLINED Investing

We are highly disciplined investors. We maintain strategic focus without missing opportunities. We are vigilant about measuring and managing risk through consistent and iterative optimization. Our systematic, deliberate investment process enables us to unlock value for our investors and customers, while ensuring the safety of our employees and supporting the interests of our communities.  Our surveillance of environmental risk is not political or theoretical; it is fiduciary, and our governance policies reflect a commitment and attention to delivering successful, multidimensional, long-term outcomes.

TEAM

Our team has decades of intensive and wide-ranging experience investing in energy.

Sarah Wright

Founder and Managing Partner

Ms. Wright has over 25 years of senior management experience in private equity, investment banking and at energy companies.

Ms. Wright joined Goldman Sachs in 1998 and helped to launch Goldman Sachs Power, the firm’s initial entry into electricity commodity markets, including the successful development of Constellation Power Source, a joint venture with Constellation Energy Group. In 2001, she became part of the senior management team at Constellation, where she held various roles within its commodity trading, investing and risk management unit, leading the development and execution of a wide range of investments. In 2005, Ms. Wright helped to establish Energy Capital Partners. She also served as a Director of FirstLight Power Holdings. She co-founded Hull Street Energy in 2014.

Ms. Wright also serves as Director of Ware River Power, Inc., Anthem Energy, LLC and is a trustee of the Sidwell Friends School. She received a B.A. from Smith College and an M.B.A. from Harvard Business School.

Michael Booth

Partner

Dr. Booth has 15 years of experience in the energy industry, focusing on the quantitative modeling and risk management of commodity markets, assets and transactions.

He was an early employee of Constellation Power Source and helped build the modeling and risk management framework that supported the company’s growth by ensuring continuity between initial valuation and subsequent portfolio risk management. In 2005, he became a member of the senior management team at Constellation and provided the strategic direction relating to quantitative analysis and firm-wide pricing and risk management system design for its expansion into new markets, moving beyond power to natural gas, coal, freight and weather. He co-founded Hull Street Energy in 2014.

Prior to joining Constellation, Dr. Booth held positions in the physics departments of Johns Hopkins University and the University of Florida, where he conducted research in high energy particle physics.

Dr. Booth received a B.A. and Ph.D. in Physics from the University of Chicago.

Mark Orman

Partner

Mr. Orman has 20 years’ experience in the energy industry, including power generation investments, risk management and trading, oil and gas investment and development and managing the mid-stream and transportation logistics associated with upstream investing.

Mr. Orman spent over a decade at Constellation Energy Group, most recently acting as President of its wholesale marketing, trading and asset management arm. Throughout his years at Constellation, Mr. Orman played a lead role in designing and managing the company’s approach to commercializing its energy asset base, including developing the connection between risk management and the investment portfolio. He also led the development of numerous detailed proprietary fundamental analysis efforts and the execution of related investment strategies. Earlier in his career, Mr. Orman worked in Arthur Andersen’s Business Consulting Group where he consulted on strategy and operational issues to U.S. and international oil and natural gas producers and midstream companies. He co-founded Hull Street Energy in 2014.

Mr. Orman serves as Director of Anthem Energy, LLC and Synergy Lime Development Company, LLC. He received a B.A. from the University of Texas at Austin and an M.B.A. from the McCombs School of Business at University of Texas.

Matthew Willis

Partner

Mr. Willis has more than a decade of experience across a broad range of areas including commodity trading, transaction structuring, logistics, investment management and public policy.

Previously, Mr. Willis worked at EDF Trading, one of the largest global energy traders, where he was responsible for coal origination activities. Until 2011, he was at Citigroup, where he was responsible for building the firm’s dry bulk industrial commodity trading desk and was charged with expanding Citigroup’s capabilities in physical commodities. Mr. Willis also worked at Constellation Energy Group, where he ran the firm’s global shipping business, evaluated and executed investments in various energy businesses and was part of the team that established Constellation’s successful London-based international commodity trading unit. Mr. Willis has also worked in the public sector, most notably as Chief of Staff in the Office of International Affairs at the Department of Energy, and as a member of the political staff at the White House under President Clinton. He co-founded Hull Street Energy in 2014.

Mr. Willis is a Director of Synergy Lime Development Company, LLC. He received a B.A. from Washington & Lee University and an M.B.A. from Harvard Business School.

David Meeker

Managing Director

Mr. Meeker is an accomplished financial executive with more than 16 years of global operational and financial experience in manufacturing, energy and investment industries.

Prior to joining Hull Street 2014, Mr. Meeker was Vice President of Finance at Enviva, a Riverstone Holdings portfolio company that launched its initial public offering in 2014. Mr. Meeker was part of the executive team that grew Enviva from a startup company to the world’s largest supplier of utility-grade wood pellets for the power generation market. While at Enviva, he helped lead all corporate financing activities, including the 2012 closing on a $120 million senior secured credit facility, the first such borrowing by a wood pellet producer. Prior to Enviva, he held various finance positions of increasing responsibility at Altra Industrial Motion and Colfax Corporation, both manufacturers of industrial goods.

Mr. Meeker received a B.S. in Management from Washington & Lee University and an M.B.A. from the Darden School of Business at the University of Virginia. Mr. Meeker has been a Chartered Financial Analyst (CFA) charter holder since 2000.

Steven Morris

Managing Director

Before joining Hull Street in 2014, Mr. Morris distinguished himself as a highly accomplished and versatile energy professional over the course of more than three decades, including 23 years at Constellation. His experience ranges from financial analysis and structured transactions to plant development and technical and operating assignments.

Mr. Morris joined Constellation in the power plant development unit, where he was integral in the development of numerous plants – both in the United States and elsewhere. In 2001, Mr. Morris became part of the leadership of Constellation’s merchant plant acquisition unit. Shortly thereafter, he was assigned to the commodity transaction origination and structuring group where he was responsible for developing numerous multi-year unit contingent power transactions, as well as fossil, nuclear and renewable generation asset acquisitions and divestitures. Prior to joining Constellation, Mr. Morris worked at Geothermal Resources International, Inc. developing renewable energy projects.

Mr. Morris received a B.S. from the University of Arizona and is a former Certified Public Accountant.

PORTFOLIO

We make controlling equity investments in middle market energy opportunities including operating gas fired power plants, operating and late stage development renewable projects, electricity transmission and distribution assets, and demand side resources such as grid optimization, distributed generation, and customer supply businesses. 

Milepost Power

Milepost Power Holdings owns and operates a 446 MW fleet of natural gas fired combined cycle, combustion turbine, and reciprocating engine power plants located in Massachusetts, Connecticut, Rhode Island, New Jersey and Montana.  Milepost’s plants provide critical reliability service to the electricity grid and can generate enough power to supply more than 360,000 homes.

Have a business you'd like to sell? Hull Street Energy is always looking for opportunities in the energy sector.
Email us at txn@hullstreetenergy.com with transaction inquiries.

CONTACT US

Hull Street Energy

4920 Elm Street, Suite 205
Bethesda, MD 20814

 

Telephone & Email Inquiries
410-685-7950
info@hullstreet.com