Commercial Analyst (Data Centres and Industrials)

Octopus Energy Group; Greater London; On-site; GBP 90,000 - 135,000; Full time

Benefits offered by this job

Octopus Employee Benefits

Job summary

Octopus Energy Group is building a new business line delivering low-cost, reliable, clean energy for datacenters and large industrials. You’ll own the project model, build pricing strategies and participate in final investment decisions.

This is a quantitative role with direct exposure to large-scale, innovative power projects. You’ll track the portfolio, read the market and support diligence from indicative proposals to signed agreements.

Qualifications

• 2–5 years in a numerate commercial role (infrastructure, renewables, project finance or energy trading).
• Financial modelling from first principles: DCF, IRR, scenarios and sensitivities.
• Advanced knowledge of GB/European power markets and network costs.

Responsibilities

• Own the project model for opportunities (generation, BESS, flexible load, network costs).
• Price offers: tariff, PPA, tolling, or availability-based structures.
• Value the flex: model storage and flexible load across wholesale and services.
• Develop the business case with internal/external presentations for proposals to final investment decisions.
• Monitor spend, milestones and regulatory changes; support term sheets and diligence.

Skills

Financial modelling

Advanced Excel

Python

Power markets knowledge

Analytical thinking

Problem solving

Education

Quantitative degree

Tools

Aurora

PLEXOS

Job description

About the roleOctopus is building a new business line delivering low-cost, reliable, clean energy and faster speed-to-power for datacenters and large industrials. The deals are first-of-a-kind: private wire, behind-the-meter generation and storage, flexible load, novel grid connections.

This is a quantitative role with direct exposure to large-scale innovative power projects. You'll own the project model, build pricing strategies and directly participate to final investment decisions.

What you'll do

• Own the project model for each opportunity - generation, BESS, flexible load, network cost; capex, opex, revenue stack, IRR, downside cases. Build project-specific models while developing toolings and standard assumptions to support our growing pipeline
• Price the offer. Turn a customer's load profile and reliability requirement into a deliverable price and structure - tariff, PPA, tolling, availability-based - and show which one allocates risk sensibly for both sides.
• Value the flex. Model storage and flexible load across wholesale, Balancing Mechanism, ancillary services and Capacity Market. Quantify network charges (TNUoS, DUoS, BSUoS), curtailment and connection options.
• Develop the business case. Build internal and external presentations to support from indicative customer proposals to project final investment decisions.
• Track the portfolio and read the market. Monitor live projects against approved cases - spend, milestones, connection dates - and identify early and quantify regulatory change (connections reform, REMA, network charging). Support term sheets and diligence from indicative to signed.

What you'll need

• 2-5 years in a numerate commercial role - infrastructure or renewables development, project finance, banking, energy trading or origination, strategy or energy consultancy.
• Financial modelling from first principles: DCF, IRR, scenarios and sensitivities. You can build a model someone else can follow and eventually develop it as a standard tool for other team members to use.
• Advanced knowledge of GB/European power markets, and how network and connection costs land on a project.
• Advanced Excel and Python
• Able to take a messy, incomplete problem to a clear recommendation
• Quantitative degree - economics, engineering, finance, maths, physics - or equivalent experience.

It would be nice if you have... Datacenters, large industrial load or behind-the-meter/private wire projects; BESS revenue stacking; a PPA, tolling or connection agreement taken to signature; Aurora, PLEXOS or equivalent.

Why else you'll love it here

• Wondering what the salary for this role is? Once you're in the interview process with one of our recruiters, it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
• the company is aunique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We were named the UK's top company to work for in 2025, and we ranked in the top ten in the Sunday Times Best Places to Work 2026. Our Group CEO, Greg has recordeda podcast about our cultureand how we empower our people. We've also been placed in thetop 10 companies for senior leadership
• Visit our UK perks hub -Octopus Employee Benefits

Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!

As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.