Principal Market Analyst - Battery Storage

Plus Power; City of Mechanicville (NY); Hybrid; USD 130,000 - 150,000; Full time

Job summary

An innovative energy company is seeking a principal analyst to join their Market Analysis team. In this role, you'll be instrumental in developing a leading battery energy storage system (BESS) analytics platform. Your expertise will drive insights into market trends and strategies, while collaborating with cross-functional teams to optimize energy deployment. This position offers a competitive salary, flexible work arrangements, and a vibrant company culture focused on personal growth and professional development. Join a forward-thinking organization committed to decarbonizing the power markets and making a positive impact on the energy landscape.

Benefits

Unlimited Vacation

Flexible Remote Work

Work from Home Stipend

Educational Assistance

Parental Leave

Engaging Company Culture

Qualifications

• 7+ years of experience in optimization and energy markets.
• Strong understanding of data analysis techniques and energy market dynamics.

Responsibilities

• Enhance battery dispatch modeling platform and conduct market analyses.
• Collaborate with teams to support BESS revenue forecasts and trading strategies.

Skills

Python

SQL

Data Analysis Techniques

Energy Markets Knowledge

Analytical Skills

Problem-Solving Skills

Communication Skills

Education

Bachelor's Degree in Engineering

Advanced Degree (Preferred)

Tools

Microsoft Office Suite

Power BI

Dayzer

Aurora

Job description

About the Role

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.

In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand. Energy storage is the enabler of high penetration variable renewable generation like solar and wind.

We are looking for a creative, driven and experienced principal analyst to join the Market Analysis team. The successful candidate will play a critical role in building the industry-leading BESS analytics platform and shaping our company's BESS deployment and optimization.

Responsibilities

• Benchmark and enhance the company’s proprietary battery dispatch modeling platform and lead various back-cast analyses in support of market analysis, project siting, M&A, and finance processes
• Update the ERCOT BESS performance dashboard, analyze market conditions and bidding behaviors, track market rule changes, and recommend risk-adjusted trading strategy improvement
• Execute fundamentals-based price forecast process, provide recommendation for improvement, and support the DA/RT bids formulation
  Utilize internal and external (YES Energy, ISO/RTOs, ICE, etc.) data sets to develop data-driven models and drive insights regarding market trend and strategies
• Collaborate with Fundamentals Analysis team in support of the long-term BESS revenue forecasts
• Collaborate with trading, data science and commercial teams to conduct specific analyses
  

Qualifications

• Bachelor’s degree in engineering, economics or related field; advanced degree preferred
• 7+ years of applicable experience in optimization, production cost simulations (Dayzer, Aurora, etc.), energy markets (especially ERCOT), quantitative analysis, and/or BESS analysis
• Proficiency in Python, strong understanding of data analysis techniques, ability to connect databases to modeling tools using SQL
  Strong knowledge of energy markets, locational marginal price formation and congestion decomposition
• Ability to explain complex technical analysis in a simplified matter to the internal management team and/or external parties
• Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed
• Demonstrated ability to manage multiple projects and deliverables in a dynamic, fast paced environment
  Excellent written and verbal communication skills, with the ability to present complex technical information to diverse audiences
• Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed
• Strong analytical and problem-solving skills with a data-driven approach to decision-making
  Intermediate to advanced proficiency in the Microsoft suite of tools and applications including Outlook, Word, PowerPoint, Excel, and Power BI
  

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America’s leading energy storage developers, owners and operators. Flexible, work from home or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.

The expected salary range* for this position begins at $130,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.

Plus Power offers a competitive and comprehensive benefits program, unlimited vacation, flexible remote work, work from home stipend, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth.

The deadline* for applying to this role is 5/18/2025.