Wire · operational-macro
PSP Investments Completes Sale of FirstLight's U.S. Portfolio and Appoints Patrick Gut CEO ...
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Fusion42 · 2 November 2026 · Fusion42 review
PSP Investments has sold FirstLight's U.S. clean energy portfolio to Hull Street Energy while retaining and rebranding the Canadian operations as Caelo Energy, led by newly appointed CEO Patrick Gut. Caelo Energy operates hydroelectric facilities and is advancing a large renewable energy development pipeline in Canada, including a solar project in Ontario.
This Wire brief sits within Fusion42's coverage of Climate Tech, and 2 sources have reported it between 2 Nov 2026 and 3 Nov 2026.
◆ ◆ The Wire takeaway
You face a clear split between US and Canadian clean energy ownership where Canada’s stable hydro assets and growth projects form a smarter home base under Caelo. This shift opens a domestic growth path in renewable projects funded by a big pension investor removing US portfolio distractions.
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2 sources · first reported 2 Nov 2026 · latest 3 Nov 2026
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