Origination Analyst - Battery Storage

Origination Analyst - Battery Storage

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 states 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 seeking an Origination Analyst to support a variety of origination and commercial activities. The successful candidate will bring a strong balance of quantitative skills, commercial acumen, and writing skills. The candidate should have an understanding of the utility processes of Integrated Resource Plans (IRP) and procurements along with some power marketing experience.

Key Responsibilities

• Develop, qualify, and pursue new commercial / offtake opportunities for Plus Power, with a focus on ISO / RTO markets
• Produce strategic market assessment & analysis including but not limited to reviewing / summarizing market price forecasts and fundamentals, interconnection queues, energy technology costs, utility IRPs / ERPs, understanding policy drivers such as clean energy mandates and capacity markets, and the competitive landscape
• Support bilateral outreach to and structured product development for major C&I companies such as investment banks, commodity firms, electricity retailers, and data center developers
• Manage and prepare written RFP responses and manage / support other power marketing activities including administrative, financial, commercial, and legal
• Coordinate and manage internal resources & teams supporting commercial efforts
• Support M&A processes including evaluating new opportunities, preparing proposals, and supporting valuation / pricing exercises
• Support internal risk controls and compliance obligations, including preparing and supporting investment committee presentations and managing follow-up tasks
• Support fast-paced deal making exercises on as-needed basis for given circumstances
• Inform market entry strategies via key customer relationships in target regions
• Manage internal pipeline tracker across multiple projects & stages throughout portfolio

Skills & Qualifications

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

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.

The deadline

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.