Trading Analyst - Battery Storage

Trading 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 looking for a Trading Analyst to support the forecasted revenues and energy trading maximization strategies for operating assets. The successful candidate will be a highly motivated, self-directed, and disciplined analyst.

Key Responsibilities

• Support trading activities and administrative operations under the guidance of the VP, Trading & Risk
• Work with the market managers to analyze and improve on trading activities across markets, seasons, products, and conditions
• Provide training and support regarding Plus Power's processes and procedures as needed.
• Assist in developing and execution of fundamentals-based price forecasts for ERCOT and ISO-NE, incorporating supply / demand dynamics, congestion patterns, and fuel pricing
• Assist in the gathering (via API, Web Scrape) any relevant market data to make recommendations to optimize BESS trading strategies based on forecasted market conditions, optimizing participation in day-ahead (DA) and real-time (RT) markets
• Leverage Python-Algorithm existing models to enhanced bidding efficiency and profitability
• Perform daily execution and updates to existing Perfect Foresight Methodology and provide insights to Trading team
• Daily execution of MAPE analysis and KPIs and provides insights to the Trading team
• Work closely with Settlement Analyst to align on realized PnL vs expected PnL strategy
• Monitor and interpret ERCOT and ISO-NE market rule changes, assessing their impact on BESS trading strategies
• Collaborate with internal teams to ensure compliance with market participation requirements and operational protocols.

Skills & Qualifications

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America's leading energy storage developers, owners, and operators. This position provides flexible hybrid work from Plus Power's office in The Woodlands, Texas.

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.