Asset Manager

Gore Street Capital; Greater London; Hybrid; GBP 60,000 - 85,000; Full time

Benefits offered by this job

Hybrid working (2 days per week in our

London office)

Life assurance

Health insurance

24/7 Employee Assistance Programme

Electric vehicle scheme

Learning and development fund (£3,000/

per year)

Cycle to Work Scheme

Enhanced maternity and paternity pol­”

IVF policy

28 days annual leave

Social events and company offsites

Job summary

Gore Street Capital is seeking an Asset Manager to act as the owner’s representative for a portfolio of battery energy storage assets across GB, Europe and North America. You will monitor contracts, oversee O&M and LTSA, ensure regulatory compliance and drive performance to maximise revenue.

You will join an experienced in-house team, work cross-functionally with commercial, analytics and investment groups, and travel to sites as needed, with hybrid working based in London.

Qualifications

• Bachelor’s degree in engineering, science or related discipline, or equivalent professional experience.
• Formal training in contract management, electrical engineering, health and safety, or energy regulation.

Responsibilities

• Act as owner’s representative across O&M, LTSA, EPC and ancillary contracts: monitoring contractor performance, enforcing obligations and managing warranty and liquidated damages claims.
• Overseeing operations and maintenance: faults, outages, spares, maintenance planning and site visits, including root-cause follow-up with contractors.
• Tracking asset performance, availability and degradation against contractual guarantees, using Gore Street’s in-house analytics platform.
• Maintaining regulatory and grid-code compliance, together with health and safety, fire safety, security and cyber obligations at site level.
• Supporting insurance, landlord, planning and lender or independent engineer requirements across the portfolio.
• Preparing monthly asset reporting, managing operating budgets and validating contractor invoices.
• Supporting lifecycle projects such as augmentation, decommissioning and minor capital works.
• Working across different jurisdictions, including GB, Ireland, continental Europe and North America.

Skills

Analytical skills

Attention to detail

Stakeholder management

Autonomy

Communication

Education

Bachelor’s degree in engineering or science

Contract management training

Electrical engineering training

Job description

Gore Street Capital (“Gore Street”) is a market sector leader in renewable energy investment with a mission to drive the market for renewable energy solutions and accelerate the transition to a more sustainable world. Gore Street is an expert renewable energy, infrastructure and private equity investment manager with vast international experience, having identified the critical importance of battery storage in 2016.Gore Street capitalises on opportunities to spend on robust businesses and assets contributing to the transition to a low-carbon, sustainable economy. The interdisciplinary team of seasoned investment leads, veteran experts in renewable infrastructure, skilled engineers and regulatory and legal experts work together to source, build and manage assets worldwide. Gore Street are experts in:

• Sourcing disruptive technologies in the energy sector across a variety of jurisdictions.
• Developing renewable energy infrastructure projects and managing assets across the globe.
• Designing and managing strategic deals in a challenging policy environment.
• Forming strategic partnerships and working with multiple public and private sector stakeholders in the development of large complex projects.
• Increasing and optimising the use of renewable energy in order to cut the cost and expand the use of clean energy technologies globally.

Life at Gore StreetGore Street is an equal opportunities employer and employs a diverse range ofprofessionals from a variety of backgrounds and sectors. Gore Street believes that adiverse and inclusive workplace is critical in order to deliver on its mission.Gore Street is committed to the wellbeing of its employees and aims to create an open,dynamic and inclusive environment that enables both personal and professionaldevelopment. In order to facilitate this development, Gore Street offers the following:

• Competitive remuneration packages.
• Hybrid working (2 days per week in our London office).
• A comprehensive range of employee benefits, including, but not limited to: life assurance; health insurance and a 24/7 Employee Assistance Programme; electric vehicle scheme; learning and development fund, providing up to £3,000 per year; exercise fund; Cycle to Work Scheme; enhanced maternity and paternity policies; IVF policy; 28 days annual leave; and social events and company offsites.

For the avoidance of doubt, any benefits referred to in this job advert are for referenceonly and subject to eligibility and may be amended at any time.

About the Role

Main purpose of jobGore Street Capital is a fund manager for multiple energy storage funds, including GoreStreet Energy Storage Fund (the first battery energy storage system (“BESS”) fund listedon the London Stock Exchange), which now owns 30 operational BESS projects spreadacross five grids, totalling over 750MW capacity. There is an exciting pipeline beyond this,with more projects planned particularly across continental Europe and Japan.As an Asset Manager you will act as the owner’s representative for a portfolio of theseassets, managing the interfaces between Gore Street and the contractors that build,operate, maintain and monetise them. You will hold the contracts to account, protect theassets’ warranty and compliance position, and drive the issues that affect availabilityandrevenue through to resolution. You will join an experienced in-house asset managementteam and work closely with Gore Street’s commercial, analytics and investment teams.We welcome candidates whose core strength is in contracts and regulatory complianceas well as those with an electrical engineering background. The ideal candidate will becomfortable with accountability for their own portfolio, have excellent organisational skillsand an eye for detail, and find genuine enthusiasm for a fast-paced and dynamic role.

Responsibilities

Responsibilities, duties and tasksThe primary responsibilities, duties and tasks of the role are as follows:

• Acting as owner’s representative across O&M, LTSA, EPC and ancillary contracts: monitoring contractor performance, enforcing obligations and managing warranty and liquidated damages claims.
• Overseeing operations and maintenance: faults, outages, spares, maintenance planning and site visits, including root-cause follow-up with contractors.
• Tracking asset performance, availability and degradation against contractual guarantees, using Gore Street’s in-house analytics platform.
• Maintaining regulatory and grid-code compliance, together with health and safety, fire safety, security and cyber obligations at site level.
• Supporting insurance, landlord, planning and lender or independent engineer requirements across the portfolio.
• Preparing monthly asset reporting, managing operating budgets and validating contractor invoices.
• Supporting lifecycle projects such as augmentation, decommissioning and minor capital works.
• Working across different jurisdictions, including GB, Ireland, continental Europe and North America.

General dutiesDay-to-day can vary greatly in this operational role, based on the needs of Gore Street’sprojects at the time. You may be required to interface with contractors to get access tosites, plan maintenance activities and procure spare parts. You will also have opportunitiesto engage directly with the commercial team to support the assets’ monetisationstrategies.Occasional support for high-severity unplanned events outside of working hours may berequired, as well as occasional travel to assets around Great Britain, Europe and NorthAmerica.

Qualifications

Person SpecificationQualifications/TrainingIt is essential that the post holder has:

• A bachelor’s degree in engineering, science or a related discipline, or equivalent professional experience.
• Formal training in contract management, electrical engineering, health and safety, or energy regulation.

Required Skills

Experience/KnowledgeIt is essential that the post holder has:

• 2 or more years’ experience in asset management, contract management, technical consultancy or engineering, ideally in energy infrastructure.
• Strong expertise in at least one of: (i) contract management and regulatory compliance; or (ii) electrical engineering, in BESS or power systems.

Skills and AbilitiesIt is essential that the post holder has:

• Excellent analytical skills with high levels of attention to detail.
• A proactive approach to managing matters and the ability to build momentum whilst bringing issues to a close.
• Strong written and verbal communication skills, with the ability to manage a range of different stakeholders, including contractors.
• The ability to work autonomously and take full ownership of a portfolio of assets.

Other RequirementsReliable and accountable.Willingness to travel to sites and work around BESS projects in a prescribed, managed safe system of work.Desire to learn new skills to advance their career.

Preferred Skills

It is desirable that the post holder has:

• Experience of BESS or grid-scale renewable assets.
• Familiarity with GB grid-code requirements and ancillary or capacity market obligations.