Principal Market Analyst - Battery Storage

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 US states and Canadian provinces that will transform North American electric grids into cleaner and more versatile critical infrastructure.

Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power’s team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.

At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power’s culture and excels through our game-changing mission and supportive ecosystem.

About the Role

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.

In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand. Energy storage is the enabler of high penetration variable renewable generation like solar and wind.

We are looking for a creative, driven and experienced principal analyst to join the Market Analysis team. The successful candidate will play a critical role in building the industry-leading BESS analytics platform and shaping our company's BESS deployment and optimization.

Responsibilities

• Benchmark and enhance the company’s proprietary battery dispatch modeling platform and lead various back-cast analyses in support of market analysis, project siting, M&A, and finance processes
• Update the ERCOT BESS performance dashboard, analyze market conditions and bidding behaviors, track market rule changes, and recommend risk-adjusted trading strategy improvement
• Execute fundamentals-based price forecast process, provide recommendation for improvement, and support the DA/RT bids formulation
• Utilize internal and external (YES Energy, ISO/RTOs, ICE, etc.) data sets to develop data-driven models and drive insights regarding market trend and strategies
• Collaborate with Fundamentals Analysis team in support of the long-term BESS revenue forecasts
• Collaborate with trading, data science and commercial teams to conduct specific analyses

Qualifications

• Bachelor’s degree in engineering, economics or related field; advanced degree preferred
• 7+ years of applicable experience in optimization, production cost simulations (Dayzer, Aurora, etc.), energy markets (especially ERCOT), quantitative analysis, and/or BESS analysis
• Proficiency in Python, strong understanding of data analysis techniques, ability to connect databases to modeling tools using SQL
• Strong knowledge of energy markets, locational marginal price formation and congestion decomposition
• Ability to explain complex technical analysis in a simplified matter to the internal management team and/or external parties
• Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed
• Demonstrated ability to manage multiple projects and deliverables in a dynamic, fast paced environment
• Excellent written and verbal communication skills, with the ability to present complex technical information to diverse audiences
• Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed
• Strong analytical and problem-solving skills with a data-driven approach to decision-making
• Intermediate to advanced proficiency in the Microsoft suite of tools and applications including Outlook, Word, PowerPoint, Excel, and Power BI

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America’s leading energy storage developers, owners and operators. Flexible, work from home or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.

The expected salary range* for this position begins at $145,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.

Plus Power offers a competitive and comprehensive benefits program, unlimited vacation, flexible remote work, work from home stipend, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth.

Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.