Engineer, Transmission & Market Fundamentals

Deriva Energy; Charlotte, Northern (NC, KY); Hybrid; USD 90,000 - 135,000; 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 time off

Parental leave

Bonus potential

Job summary

Deriva Energy, headquartered in Charlotte, NC, is expanding its Transmission & Market Fundamentals team. The role focuses on developing and updating production cost models for solar, wind, and storage projects, supporting interconnection and project financing, and advising on market dynamics across ISO footprints.

The ideal candidate holds an electrical engineering degree with 3+ years of experience in energy markets or related fields, strong analytical abilities, and effective communication to

Qualifications

• Bachelor's degree in electrical engineering or closely related discipline.
• Three (3) years or more of experience in related fields in addition to degree.
• Strong analytical and communication skills.

Responsibilities

• Revise mid- to long-term production cost models for generation/transmission changes.
• Conduct analyses to assess congestion trends for greenfield and acquisition projects.
• Evaluate commercial implications from planned generation and transmission changes.
• Support interconnection studies with ISOs, TPs, and TOs during project studies.
• Engage external consultants to prepare reports on transmission, congestion, and curtailment for financing.
• Facilitate offtake analyses and review assessments from third-party consultants during project execution.

Skills

Power systems

Production cost modeling

Market operations analysis

ISO knowledge

Stakeholder communication

Education

Bachelor's degree in electrical engineering

Master's degree favored

Tools

Power World

PSS/E

UPLAN

PORMOD

PROBE

TARA

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 time off* Parental leave* Attractive Bonus Potential **Additional Information:**Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.Deriva welcomes veterans of the United States Armed Forces to apply for this position. Deriva includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty.Deriva Energy is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.