Senior Energy Market Analyst - Energy Storage

Wärtsilä is an innovative technology company known for being a forerunner in the Marine and Energy markets. Every day, we - Wärtsilians - put our hearts and minds into turning Wärtsilä's purpose of enabling sustainable societies with smart technology, and our Smart Marine and Energy visions into reality. Our ultimate aim is to provide increased value to both our customers and society. New, game-changing ideas and continuous improvement have been part of our DNA since 1834. Together, we can create new business opportunities and a more sustainable future that we can all be proud of.

We are transitioning the world towards a cleaner future. By pushing the boundaries of engineering and technology, we make it work. We are always on the lookout for future-oriented talent - want to join the ride?

Senior Energy Market Analyst – Energy Storage

We are looking for a Senior Energy Market Analyst – Energy Storage to join our exciting and dynamic team of highly skilled and professional co-workers in Wärtsilä North America, reporting to the Business Development Director, Energy Storage and Optimization.

What will you be doing

A Senior Energy Market Analyst – Energy Storage will play a key role defining and representing our GEMS Intellibidder product offferings.  GEMS Intellibidder is a cloud-hosted product that provides Electricity Market Price Forecasting, Renewable Forecasting, Schedule Commitment, and Bid Optimization functions.

The Senior Energy Market Analyst will work with our data science team to establish best practices for utility-scale participation in wholesale markets for energy storage systems, hybrid systems, microgrids and distributed energy resources. The Senior Energy Market Analyst will use their familiarity with energy trading norms and ongoing learnings related to merchant market services to establish Wärtsilä as a market leader in this domain.

The ideal candidate has 5-10 yrs. of industry experience as an Energy Analyst or Market Trader globally, with a strong preference for candidates that have prior experience in CAISO and ERCOT.

As an Energy Market Analyst, you will focus on these responsibilities:

• Serve as Subject Matter Expert related to energy storage and hybrid plant merchant market participation.
• Assist in developing algorithmic trading strategies that define the optimization models.
• Assist in incorporating, updating, and testing market rules within the product as well as backtests for performance of different bid strategies using the product utilizing your expertise in market fundamentals and operations.
• Maintain current knowledge trends in utility-scale solar and storage demand, deployment, interconnection, and permitting across the country in both organized and bilateral energy markets with an initial focus on CAISO and ERCOT.
• Present or aid in the development of presentation materials for thought leadership regarding software-based optimization of market participation.
• Lead or assist in the development of proposals to target and existing customers.
• Key participant in negotiating project contracts and agreements, pro forma financial modeling, and analysis for performance-based contracts.

To be successful in this role, we expect you to have:

• 5-10 yrs. of direct experience in at least one of the following: electricity market operations (ISO markets), energy-related commodity trading, utility-scale long-term price forecasting and financial pro-forma models.
• Track record of successful trading decisions through your own market analysis and insights.
• Understanding of market dynamics (tariffs, nodal considerations, business practices).
• Extensive modeling capabilities, including different market perspectives (aka market influencer or price taker).
• Knowledge of different dispatch strategies for a battery system to achieve optimal operation of the asset and maximize profit.
• Comprehensive knowledge of utility-scale renewable and energy storage is preferred.
• Strong analytical, communication, and process management skills with experience managing cross-functional teams on simultaneous projects.
• Successful track record of executing complex energy projects and/or transactions.
• Strong project and process management skills with experience managing multiple teams on simultaneous projects.
• Demonstrated ability to deliver results in a matrix environment without direct managerial control.
• Ability to plan, navigate and negotiate a complex sales process.
• Proficiency with Microsoft Office Suite and other computer applications.
• Experience on a power trading desk or other exposure to real-time operations is a strong plus.
• Bachelor’s degree required; MBA preferred.
   

Why you and us

You will be a part of a global organization with local presence and work in an exciting and dynamic working environment with highly motivated and skilled co-workers. We offer interesting and challenging work tasks, as well as personal and professional development in a great team.

If you feel excited by being a part of this working environment and think your personal skills and qualities match the job requirements, we look forward to receiving your job application.

Successful applicant must be authorized to work in the USA without sponsorship.

We look forward to hearing from you. Qualified candidates must apply online: http://www.wartsila.com/en/careers/vacancies.

Wärtsilä North America values our employees. We offer a competitive salary and comprehensive benefits package.   Wärtsilä North America is an EOE/AA employer.

Vaccination is a vital tool to reduce the presence and severity of COVID-19 cases in the workplace, in communities, and in the nation as a whole. The spread of COVID when working in customer facilities and project sites can lead to costly site shutdowns, for which Wärtsilä could be deemed financially responsible. Many local government authorities require proof of vaccination to enter the state or country, and many of our customers require proof of vaccination to be on a project site. In line with legal regulations Wärtsilä has implemented a COVID-19 policy on vaccination and testing to reduce the risk of transmission on Wärtsilä premises. Wärtsilä strongly encourages all employees to be vaccinated to protect themselves and other employees.

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