Market & Optimization Scientist

ISO New England Inc.; Holyoke (MA); Hybrid; USD 130,000 - 165,000; Full time

Benefits offered by this job

Hybrid work environment

Onsite gym

Wellness program

Flexible hours

Relocation assistance

Free coffee

Job summary

ISO New England Inc. is seeking a Senior/Lead Scientist to advance power market design, optimization, and operations research across ISO markets. You will develop models, analyze market designs, and prototype solutions to support clean energy transition.

The role requires a Master’s or Ph.D. in a related field, 5+ years of experience, and proficiency with CPLEX/GUROBI and Java/Python. Hybrid work with relocation assistance offered.

Qualifications

• Master’s or Ph.D. degree in Electrical/Industrial/System Engineering, Operations Research or related areas.
• Strong knowledge/experience in power system modeling, analysis and optimization.
• Good understanding of electricity markets, power system operations and planning.
• Experience with optimization solvers such as CPLEX/GUROBI and programming languages such as Java/Python.
• Excellent written/verbal communication skills and analytical skills.
• 5+ years of experience is required for the Senior/Lead level.

Responsibilities

• Analyze and assess market designs or operations/planning processes
• Develop and prototype models/solutions for market design and optimization problems
• Research electricity market designs to facilitate the region's transition to clean energy
• Research new optimization technologies to improve scheduling and pricing of electricity markets
• Perform market/operations/planning simulations and analyze the results
• Assist other ISO departments in identifying, analyzing and solving problems
• Support stakeholder processes and FERC filings

Skills

Power system modeling

Optimization

Electricity markets knowledge

Programming (Java/Python)

Communication skills

Experience (5+ years)

Education

Master’s or Ph.D. in Electrical/Industrial/System Engineering

Tools

CPLEX

GUROBI

Job description

The Market Solutions & Optimization Technology group performs design, modeling and analysis work for ISO markets; applies advanced optimization technology to ISO problems; and conducts interdisciplinary research in power system economics, optimization and engineering. The group provides a unique opportunity to work on fundamental and innovative solutions to challenging industry problems. We work closely with engineers and economists across multiple ISO departments and collaborate with various external research entities. As a member of this group, you will play a vital role in improving the ISO's markets, operations and planning, and your work will help shape the horizon of power industry.

As a scientist in this group, you will apply knowledge and skills from a wide range of fields including mathematical optimization, economic theory and power system engineering to tackle major challenges in ISO's markets, operations and planning. You will also analyze the problems, design innovative solutions, develop prototypes and oversee the implementation.

What we offer you

• A stable, mission-driven workplace where your impact truly matters
• A highly engaged work environment that values inclusion, collaboration, and employee safety and wellbeing
• Competitive compensation with a base salary + performance bonus
• Robust benefits package, including:
• Enhanced 401(k) and financial planning support
• Tuition reimbursement and professional development
• Wellness programs, including an onsite gym
• Flexible work hours
• Employee Business Networks
• Free coffee at our onsite café
• Hybrid work environment (3 days/week onsite)
• Distance-based relocation assistance available

How you will make an Impact

• Analyze and assess market designs or operations/planning processes
• Develop and prototype models/solutions for market design and optimization problems
• Research electricity market designs to facilitate the region's transition to clean energy
• Research new optimization technologies to improve scheduling and pricing of electricity markets
• Perform market/operations/planning simulations and analyze the results
• Assist other ISO departments in identifying, analyzing and solving problems
• Support stakeholder processes and FERC filings

What we are looking for

• A Master’s or Ph.D. degree in Electrical/Industrial/System Engineering, Operations Research or related areas
• Strong knowledge/experience in power system modeling, analysis and optimization
• Good understanding of electricity markets, power system operations and planning
• Experience with optimization solver such as CPLEX/GUROBI and programming languages such as Java/Python
• Excellent written/verbal communication skills and analytical skills
• 5+ years of experience is required for the Senior/Lead level

The expected salary range for this position is $130,000 - $165,000 per year. This role is also eligible for an annual performance bonus, comprehensive health insurance (medical, dental and vision), flexible spending and health savings accounts, a 401(k) plan with generous employer contributions and a student debt benefit, life and AD&D insurance, disability insurance, critical illness and hospital indemnity benefits, paid time off, paid leave, a wellness program, an employee assistance program and other great company perks.