Principal Market Analyst - Battery Storage

Summary

Join Plus Power, a leader in energy storage, and become a Principal Analyst on the Market Analysis team. You will play a critical role in developing our industry-leading BESS analytics platform and optimizing BESS deployment. Responsibilities include enhancing our battery dispatch modeling platform, analyzing market conditions and bidding behaviors, executing price forecasting, and collaborating with cross-functional teams. This role requires a Bachelor's degree (advanced degree preferred), 7+ years of relevant experience, proficiency in Python and SQL, and strong knowledge of energy markets. Plus Power offers a competitive compensation package, flexible work arrangements, unlimited vacation, and a comprehensive benefits program.

Requirements

• 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

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

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 $130,000
• 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
• A highly engaging company culture with opportunities for in-person connection and learning and growth