Market & Optimization Scientist

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

Benefits offered by this job

Performance bonus

Health insurance

401(k) with employer contributions

Tuition reimbursement

Wellness programs

Hybrid work hours

Relocation assistance

Job summary

ISO New England, Inc. is the independent system operator ensuring safe, reliable electricity flow in our region. The group focuses on design, modeling and analysis for ISO markets and future grid planning.

As a scientist in Market Solutions & Optimization Technology, you apply optimization, economic theory and power system engineering to tackle key ISO problems, develop prototypes and oversee implementation of solutions.

Qualifications

• Master’s or Ph.D. in Electrical/Industrial/System Engineering, Operations Research or related area.
• Strong knowledge/experience in power system modeling, analysis and optimization.
• Experience with optimization solvers (CPLEX/GUROBI) and programming (Java/Python).
• Excellent written and verbal communication and analytical skills.
• 5+ years of experience for 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.
• Support stakeholder processes and FERC filings.

Skills

Power system modeling

Optimization

Electricity markets

Java/Python

Communication skills

Education

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

Tools

CPLEX

GUROBI

Job description

ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in our region and planning for the future of the electric grid. We are at the forefront of New England’s ongoing transition to clean energy.

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 below. 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.

Salary Range

$130,000 - $165,000 USD

This is a U.S. based role. If the successful candidate resides outside of the U.S., relocation will be required.
Equal Opportunity: We are proud to be an EEO employer. Applicants for employment are considered without regard to race, color, religion, creed, sex (including pregnancy, childbirth, and related medical conditions), gender identity or expression, sexual orientation, citizenship, national origin, age, ancestry, marital status, disability (including learning, mental, intellectual, and physical), service in the uniformed services, genetic information, or any other status protected by applicable law.

Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.

ISO New England's Equal Employment Opportunity Questionnaire is completely voluntary.