Market Analyst

Modo Energy; Madrid; On-site; EUR 48,000 - 72,000; Full time

Benefits offered by this job

Equity for employees

Hybrid work model

Top compensation

Job summary

Modo Energy in Madrid is hiring an Iberia Market Analyst to build data workflows behind Iberian coverage, create benchmarks for Spain and Portugal, and shape the forecast product with our European team. You will train Ko, our AI analyst, learn from data, and turn messy datasets into repeatable tools used by customers, while collaborating with engineering and forecasting teams.

Fluent Spanish and English, 2+ years in power markets or energy analytics, and strong programming ability are essential

Qualifications

• 2+ years of experience in power markets, energy analytics, data, or a technical analyst role.
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Responsibilities

• Build and automate the data workflows behind our Iberian coverage, from TSOs, NEMOs, and other sources.
• Build, maintain and ship Iberian benchmarks, working with engineering to deploy them to customers on the Modo Energy Terminal.
• Train Ko on Iberia: Improve how useful our AI model is to clients. Expose the right datasets, improve its answers, and deepen its market knowledge.
• Work with the European forecast team on the Spanish and Portuguese forecasts: fundamentals, market design, and how regulatory and market changes feed into the models.
• Maintain a grid-scale asset and capacity register for Spain and Portugal.
• Use AI to build tools and workflows that help you and the team scale.
• Contribute market insight through research and customer calls.]
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Skills

Power markets

Energy analytics

Data analysis

Programming

Spanish-English fluency

Tools

Airflow

Dagster

dbt

Job description

The energy transition is the biggest infrastructure buildout in human history. Modo Energy is the data platform at the centre of it.

We build the benchmarking, forecasting, and valuation tools that the world's most serious energy investors, developers, and operators depend on to make decisions. If a battery gets financed, built, or traded anywhere in the world, there's a good chance Modo data was in the room.

Founded in 2019, we're 90+ people across London, New York, Sydney, and Madrid; $30M Series B, AI-native, and moving fast.

This is a rare chance to join a category-defining company at the moment it's scaling globally.

The Role

We're hiring an Iberia Market Analyst to build Modo Energy's products for Spain and Portugal. Iberia is one of Europe's fastest-moving storage markets, and our customers rely on us to understand how batteries earn revenue there.

This is a builder's role. You'll design the data workflows behind our Iberian coverage, build and ship benchmarks, and work with our European forecast team to shape the forecast product for both markets. You'll also help teach Ko, our AI analyst, to become the best source of answers on Iberia.

We're looking for a generalist. You should be as comfortable automating a data pipeline as explaining a market to a customer, and you should enjoy turning messy data into products people use.

Our coverage is battery energy storage, solar, wind and data centres, and we expect it to grow.

You'll be part of the Iberia team, reporting to the Iberia Regional Head and working closely with engineering and the European forecasting team.

What You'll Be Doing

• Build and automate the data workflows behind our Iberian coverage, from TSOs, NEMOs, and other sources.
• Build, maintain and ship Iberian benchmarks, working with engineering to deploy them to customers on the Modo Energy Terminal.
• Train Ko on Iberia: Improve how useful our AI model is to clients. Expose the right datasets, improve its answers, and deepen its market knowledge.
• Work with the European forecast team on the Spanish and Portuguese forecasts: fundamentals, market design, and how regulatory and market changes feed into the models.
• Maintain a grid-scale asset and capacity register for Spain and Portugal.
• Use AI to build tools and workflows that help you and the team scale.
• Contribute market insight through research and customer calls.

What We're Looking For

The Essentials

• You like building things, and you use AI to build tools and workflows.
• 2+ years of experience in power markets, energy analytics, data, or a technical analyst role.
• Strong programming skills. You can interrogate complex datasets and pick up new tools quickly.
• Familiarity with battery energy storage or wider energy transition themes.
• A generalist mindset: comfortable moving between data, product, and market questions.
• Professional fluency in Spanish and English.
• You're comfortable building products for a region from the ground up.

Nice To Have

• Knowledge of Iberian electricity markets: OMIE day-ahead and intraday, REE balancing services (aFRR, mFRR, RR), and the capacity mechanism.
• Experience with data pipelines or workflow orchestration (e.g. Airflow, Dagster, dbt).
• Experience building data products or modelling tools, such as revenue models or dispatch optimisation.
• A working knowledge of Portuguese.

Please note we can only consider candidates who already have the right to work in Spain, as we can't offer visa sponsorship at this time.

Modo Energy is an equal opportunity employer. Employment decisions are made on the basis of qualifications, merit, and business need. We do not discriminate on the basis of race, colour, religion, national origin, sex, age, disability, sexual orientation, gender identity or expression, pregnancy, or any other characteristic protected by law.

If you require assistance or a reasonable accommodation during the application or interview process, please contact us at [e-mail].

What You Can Expect From Us

At Modo Energy, we believe that exceptional work deserves exceptional reward. We're a high-performance team; ambitious, collaborative, and genuinely motivated by the scale of what we're trying to build.

You'll have real ownership from day one, work alongside some of the brightest people in the industry, and be part of a company that's defining a new category in the global energy market. We're hybrid: everyone works Tuesday to Thursday in office, with Monday and Friday flexible. We offer top-of-market compensation, equity for every employee, and the space to take your career wherever you want it to go.

We're looking for people who want to do the best work of their careers. If that's you, we want to talk.