Director, US Thermal Business Development

Capital Power; Washington; Hybrid; USD 190,000 - 250,000; Full time

Benefits offered by this job

Health care benefits

Retirement benefits

Paid time off

Annual bonus

Referral bonus

Job summary

Capital Power in Washington, DC, seeks a Director of US Thermal Business Development to lead a multi-year pipeline of utility-scale thermal projects across the U.S. The role combines origination, market strategy, and senior-level stakeholder management to drive growth.

The successful candidate will originate opportunities, manage interconnections, and deliver projects through financial close, leveraging deep utility relationships and strong financial modeling capabilities.

Qualifications

• 10+ years in power development, business development, or project finance in the U.S.
• Proven success originating and advancing projects through financial close.
• Deep, established relationships with utility procurement and executive teams (e.g., PJM, MISO, ERCOT).

Responsibilities

• Build and execute a multi-year development pipeline with MWs to contract and close.
• Originate brownfield and greenfield opportunities, including interconnection strategy.
• Define and execute market entry and origination strategies across key ISO/RTO markets.
• Lead executive-level relationships with utilities, co-ops, and load-serving entities.
• Convert procurement needs and IRP insights into actionable development opportunities.
• Lead cross-functional teams with accountability for advancing projects through the full lifecycle.

Skills

Power development

Business development

Project finance

U.S. power markets

Executive relationships

Advanced financial modeling

Commercial agreements

Cross-functional leadership

Education

Bachelor’s in Engineering, Business, Finance, or Economics

MBA preferred

Job description

A little about Capital Power

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system. We’re a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We’re here to partner with you so you can learn, grow, and forge a career that’s meaningful to you. Join us in powering North America!

Director, US Thermal Business Development

Washington, DC (Hybrid)

Your Opportunity

Capital Power (TSX: CPX) is a growth-oriented North American power producer delivering responsible energy solutions across Canada and the United States.

We are seeking a Director, US Thermal Business Development to lead the origination and execution of a multi-year pipeline of utility-scale thermal generation opportunities across the U.S. This is a high-impact, externally facing role shaping Capital Power’s thermal growth strategy and translating evolving utility reliability and capacity needs into long-term contracted assets.

This results driven leader will operate with significant autonomy - originating proprietary opportunities, building senior utility relationships, and advancing projects through financial close to drive meaningful capacity growth and long-term value.

What You’ll Do

• Build and execute a multi-year development pipeline with clear line of sight to contracted MWs and financial close


• Originate proprietary brownfield and greenfield opportunities, including site control and interconnection strategy


• Define and execute market entry and origination strategies across key ISO/RTO markets


• Lead and deepen executive-level relationships with utilities, co-ops, and load-serving entities


• Convert utility procurement needs and IRP insights into actionable development opportunities


• Lead cross-functional teams with direct accountability for advancing projects through the full development lifecycle. Own project execution, including business cases, financial analysis, and risk assessment


• Structure development opportunities for successful contracting and commercialization


• Provide market intelligence on capacity markets, regulatory shifts, and competitive dynamics


• Influence strategy, capital allocation, and pipeline priorities with senior leadership

What You Bring

• Bachelor’s in Engineering, Business, Finance, Economics, or related field (MBA preferred)


• 10+ years in power development, business development, or project finance with a strong U.S. thermal track record


• Proven success originating and advancing projects through financial close


• Deep, established relationships with utility procurement and executive teams (e.g., PJM, MISO, ERCOT)


• Strong knowledge of ISO/RTO markets, capacity structures, and interconnection processes


• Experience leading complex, cross-functional project execution


• Advanced financial modeling, valuation, and investment analysis capabilities


• Expertise in structuring and negotiating power sector commercial agreements


• Technical understanding of thermal generation (peakers, CCGT, flexible capacity)


• Executive presence, strong judgment, and an ownership mindset with the ability to drive results independently

Working Conditions:

• Hybrid office/work from home position


• Ideally based in our Washington DC office; open to remote work consideration


• This position requires up to 40% travel, reflecting the relationship-intensive nature of utility origination across multiple US markets.

Additional Details:

The pay range for this position is $190,000 to $250,000 for Washington, DC.

The specific rate will depend on the successful candidate’s qualifications, priorrelevant experience and geographical location.

This position is eligible for health care benefits, retirement benefits, paid time off, and annual bonus.

This position is eligible for a referral bonus.

In order tobe considered for this role you must be legally eligible to work inUnited States of America.

The successful candidate for this position will undergo an education verification, referencechecksand criminal recordcheck.

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.