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Specialist, Natural Gas Storage Facility - Contract
COMPANY OVERVIEW
Headquartered in Irvine, California, 174 Power Global is a direct subsidiary of Hanwha Energy Corporation, a key player in Hanwha—a "FORTUNE Global 500 company" among South Korea's top eight enterprises. 174 PG specializes in designing, constructing, and managing utility-scale solar power plants and battery energy storage solutions. With a decade of global leadership in solar PV, the company leverages cutting-edge technology, efficient processes, and strategic partnerships to deliver tailored solar PV and energy storage solutions to North America. Across the solar and energy storage value chain, 174 Power Global minimizes uncertainty, mitigates risks, and ensures customers achieve a higher return on their renewable and storage technology investments.
POSITION OVERVIEW
We are looking for a contractor with deep expertise to provide technical, commercial, and regulatory guidance. The consultant will help the team understand the full scope of the investment, from development to eventual operation, to inform a final investment decision. This position is remote.
RESPONSIBILITIES
- Technical/Engineering Feasibility: Assess the geological, engineering, and operational aspects of the project.
- Commercial Viability: Evaluate the market dynamics, revenue models, and commercial strategies.
- Regulatory & Permitting: Provide guidance on the required regulatory filings and permitting processes.
REQUIRED QUALIFICATIONS
- Technical & Geological Expertise – Able to assist in immediate Project Due Diligence
- Geological Evaluation: Direct experience evaluating geological formations for their suitability for salt cavern gas storage.
- Cavern Design & Engineering: Knowledge of designing and engineering solution-mined salt caverns, including the leaching process, well design, and casing requirements.
- Reservoir Modeling: Experience with modeling key operational parameters, such as working gas capacity, cushion gas, and injection/withdrawal rates.
- Operational Integrity: Familiarity with monitoring systems for cavern integrity, pressure management, and subsidence.
- Risk Management: Deep understanding of key operational risks (roof fall, gas migration, brine handling, ratchets) and proven mitigation strategies.
- Based on experience, identify technical and commercial due diligence areas to highlight
- Understanding of common pitfalls or underestimated risks (e.g., anything related to cavern digging)
- Cite and develop industry benchmarks or KPIs to compare/ measure against
- Commercial & Project Development Expertise
- Commercial Structuring: Experience in structuring various commercial gas storage contracts (firm, interruptible, park & loan).
- Pricing & Revenue Models: Experience pricing salt cavern storage capacity and developing robust revenue models.
- Negotiation Support: Prior experience supporting or leading negotiations with utilities, off-takers, or midstream operators for gas storage deals.
- Market Integration: Experience working on projects that integrated gas storage with other energy assets, such as power generation, LNG, or hydrogen.
- Market Dynamics: Knowledge of market dynamics that affect salt cavern utilization, including seasonal spreads, basis risk, and volatility.
- Regulatory & Permitting Experience
- Preferred familiarity with associated Regulatory Filings applicable to salt cavern storage projects. Includes knowledge of required filings or interactions with key agencies such as the Federal Energy Regulatory Commission (FERC), the Pipeline and Hazardous Materials Safety Administration (PHMSA), and state regulators like the Railroad Commission of Texas (RRC).
- Environmental Compliance: Involvement in environmental assessments and permitting processes for cavern development projects.
Engagement Details
- Initial Term: The initial engagement is expected to be for a period of approximately three months.
- Reporting: The contractor will report to the Corporate Strategy team.
- Deliverables: Specific deliverables will be defined in a separate addendum or Statement of Work, but are expected to include advisory sessions, data analysis, and written summaries of findings.
$120 - $140 per hour
174 Power Global provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.
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