Engineer, Transmission & Market Fundamentals

derivaenergy; Charlotte (NC); On-site; USD 95,000 - 155,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

401(k) with matching

Employee assistance program

Flexible spending account

Life insurance

Paid

Job summary

Deriva Energy, headquartered in Charlotte, NC, seeks an Engineer III/Senior Engineer to support transmission, market fundamentals, and project development for solar, wind, and storage assets. You will refine production cost models, analyze market dynamics, and support interconnection studies with ISOs and TOs.

Travel up to 25% may be required. The role emphasizes collaboration with leadership, analytical rigor, and the ability to translate complex market concepts for financing and operating

Qualifications

• Bachelor's in electrical engineering or related field.
• Five or more years of diversified experience for senior level.
• Experience with power flow or production cost modeling tools.

Responsibilities

• Revise production cost models for generation and transmission topologies.
• Analyze long- and mid-term congestion trends for projects.
• Assess commercial implications of generation additions and retirements.
• Support interconnection studies with ISO/TOs and consultants.
• Prepare internal reports for project financing and offtake.
• Assist trading with scenario analyses for market risks

Skills

Problem-solving

Attention to detail

Written and verbal communication

Independent work

Team collaboration

Education

Bachelor's degree in Electrical Engineering or related

Master's degree (preferred)

Tools

Power World

TARA

PSS/E

UPLAN

PORMOD

PROBE

Job description

Job Description:

Overview

Deriva Energy is a leading Independent Power Producer in the US renewables market, with over 6.5GW of operating or under construction wind, solar and storage projects across the country. Formerly the division of Duke Energy, Deriva is now backed by Brookfield Renewable and is poised for dynamic growth across its wind, solar, and storage portfolios. Join a dynamic team committed to excellence and innovation who envision a future of energy independence using resilient, carbon-free generation. We offer competitive compensation, comprehensive benefits, and the opportunity to make a significant impact on the rapidly evolving renewable energy industry. Deriva empowers customers with innovative clean energy solutions that strengthen communities and serve future generations.

Position Summary

As an Engineer, within the Transmission & Market Fundamentals team, you will collaborate with team leadership and senior colleagues to execute critical functions that underpin the successful development, construction, and operation of utility-scale solar, wind, and battery energy storage (BESS) projects.

This position will be located at Deriva Energy Headquarters based in Charlotte, NC

Key Responsibilities

Development activities:

• Revise mid- to long-term production cost models to reflect changes in generation and transmission topologies
• Conduct medium- and long-term production cost analyses to establish an internal perspective on congestion trends for both greenfield and acquisition projects
• Evaluate the commercial implications for projects arising from planned generation additions or retirements, transmission infrastructure development, and changes in energy market fundamentals
• Provide support for project interconnection activities with ISOs, TPs, and TOs during the project's study phase by reviewing and analyzing studies submitted by ISOs, TPs, and third-party consultants
• Engage in collaborative discussions with external consultants to facilitate the preparation of independent reports on transmission, congestion, and curtailment in support of project financing initiatives
• Facilitate project offtake activities by conducting internal production cost analyses and/or reviewing assessments provided by third-party consultants

Operational support:

• Revise short- to medium-term production cost models to reflect changes in market dynamics and grid conditions
• Conduct production cost analyses across various market footprints to internally assess near- and mid-term congestion trends
• Assist the trading team by conducting scenario-based analyses to mitigate market risks associated with operational projects through participation in Day-ahead and FTR/CRR/TCR markets

Regulatory overview:

• Stay informed about evolving market regulations that may affect the commercial viability of projects
• Engage in relevant stakeholder forums across various ISOs and RTOs

Market Fundamentals:

• Evaluate the implications of market design modifications on both operational and development projects
• Establish an internal projection of long-term Energy, Capacity, and REC prices, based on anticipated shifts in supply and demand dynamics within the relevant market footprint

Basic Qualifications for Engineer III

• Bachelor's degree in electrical engineering or other closely related discipline
• Three (3) years or more of experience in related fields in addition to degree

Basic Qualification for Senior Engineer

• Bachelor's degree in electrical engineering or other closely related discipline
• Five (5) years or more of increasingly diverse or complex experience in related field in addition to degree

Desired Qualifications

• Bachelor's degree in electrical engineering with an emphasis in power systems
• Master's degree in electrical engineering or similar discipline
• Two (2) years or more of experience performing steady state/production cost/market operations analysis at an ISO, transmission owner or technical consultant
• A PhD degree may substitute for three (3) years of work experience
• Experience using power flow or production cost modeling tools like Power World, TARA, PSS/E, UPLAN, PORMOD, PROBE
• Experience understanding and/or performing ISO system impact studies and transmission owner facilities studies
• Excellent problem-solving skills, attention to detail, and the ability to translate complex technical concepts to a variety of stakeholders
• Ability to work independently while providing subject matter expertise in a collaborative team environment
• Self-motivated with a high level of initiative and accountability
• Excellent written and oral communication and organizational skills

Working Conditions

• This position is located at our headquarters in Charlotte, NC
• Available for travel up to 25%
• The hiring manager may elect to fill this position at the higher-level dependent upon skills and experience

Benefits

• Health Insurance
• Dental Insurance
• Vision Insurance
• 401(k) with matching
• Employee assistance program
• Flexible spending account
• Life insurance
• Paid