Back to jobs

Senior Vice President, Trading and Algorithm - Battery Storage

The Woodlands, TX

Company Overview 

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 US states and Canadian provinces that will transform North American electric grids into cleaner and more versatile critical infrastructure.

Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power’s team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.

At Plus Power, we are focused on solving hard climate problems, profitably.  We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power’s culture and excels through our game-changing mission and supportive ecosystem.

 

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 Senior Vice President of Trading & Algorithm to join the Commercial team.   

Key Responsibilities 

  • Develop and direct the Plus Power Energy Trading function for asset optimization for all Plus Power merchant battery energy storage projects  
  • Oversee algorithmic trading and software team (product scoping, benchmarks, improvement, etc.)  
  • Develop and implement processes for optimizing energy revenue in the Day Ahead and Real Time markets in conjunction with Plus Power’s algorithmic trading program  
  • Established hedge trading positions to optimize risk adjusted revenues in RTO markets  
  • Provide consultative review of asset hedging transactions prior to execution that considers market and credit risk implications in the decision-making process  
  • Regularly review market positions to identify risk drivers and recommend strategies for risk mitigation and/or revenue enhancement  
  • Lead reporting of daily, weekly, monthly, and YTD positions and P&L  
  • Advise on improvements in modeling forward asset positions for both intrinsic and extrinsic values and greeks  
  • Lead cross-functional projects relative to system implementations and enhancements, quantitative modeling, and process improvement  
  • Recruit and develop energy trading personnel to create an industry-leading energy trading function at Plus Power  
  • Monitor daily market exposures and position reports  
  • Perform analysis, drafts memos, and present profit and loss results to senior management following significant market events and to address risk mitigation opportunities  

 

Skills & Qualifications 

  • Minimum BA/BS in electrical engineering, economics, finance or related field; advanced degree preferred.  
  • 7+ years in North American electricity and natural gas markets trading roles with progressively increasing levels of responsibility   
  • 7+ years of experience in trading in the North American natural gas and/or electric industry  
  • Knowledge of and experience trading DA-RT markets in ERCOT, ISO-NE, PJM, and other RTOs  
  • Excellent quantitative and analytical skills  
  • Excellent communication, writing, and presentation skills - with the ability to interface effectively with all levels of management  
  • Ability to explain complex technical analysis in a simplified matter to the internal management team and/or external parties 
  • Ability to identify continuous improvement opportunities and takes initiative to drive solutions; works effectively without direct supervision in a fast paced and multitasking environment 
  • Demonstrated ability to manage multiple projects and create capacity  
  • Ability to anticipate unique business decisions and situations and respond accordingly  
  • Experience leading and delivering projects under tight deadlines 
  • Demonstrated ability to work well in a cross-functional environment with both technical and non-technical team members 
  • Experience supervising and managing others 
  • Ability to effectively use Microsoft Office products – Word, Excel, Power Point 

 

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 $275,000. 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 comprehensive benefits program, unlimited vacation, flexible remote work, 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 12/23/24

 

Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

 

*This information is provided in accordance with applicable law.

Apply for this job

*

indicates a required field

Resume/CV*

Accepted file types: pdf, doc, docx, txt, rtf

Cover Letter

Accepted file types: pdf, doc, docx, txt, rtf

Education

Select...
Select...
Select...
Select...
Select...
What is your desired compensation? *
Select...
Select...
Select...
Select...
Please select all the areas of compenency that are applicable: *

Please select all that apply

What ISOs do you have experience in? *

Please select all that apply

Select...

CALIFORNIA PRIVACY NOTICE TO JOB APPLICANTS

Plus Power, LLC and/or any affiliated entities (collectively, the “Company”) provide this California Privacy Notice (“Notice”) to describe our privacy practices with respect to our collection of Personal Information as required under the California Consumer Privacy Act of 2018 (“CCPA”). This Notice applies only to job applicants and candidates for employment who reside in the State of California (“Consumers”) and from whom we collect “Personal Information” as described in the CCPA. We provide you Notice because under the CCPA, California residents who are job applicants qualify as Consumers. For purposes of this Notice, when we refer to Consumers, we mean you only to the extent you are a job applicant of the Company who resides in California.

The Company collects and uses Personal Information for human resources, employment, benefit administration, health and safety, and business-related purposes and to be in legal compliance. For the purposes of this Notice, Personal Information does not include publicly available information from government records, or de-identified or aggregated consumer information. Below are the categories of Personal Information we may collect:

  • Protected Classifications, such as your sex, sexual orientation, gender identity, religion, age, date of birth, race, ethnic origin, marital status, disability, medical or mental condition, familial status, and veteran or military status.
  • Personal Identifiers and Contact Information, such as full name, alias, postal or mailing address, email address, telephone numbers, driver’s license or state identification card number, candidate ID number, username and passwords for Company accounts and systems, SSN, passport and visa information, immigration status and documentation, and emergency contact information.
  • Pre-Hire Information and Educational/Professional Background, such as work history, academic and professional qualifications, educational records, references, interview notes, job application, resume, background check results, drug test results, candidate evaluation records and assessments, work samples, voluntary disclosures, and Wage Opportunity Tax Credit (WOTC) information.
  • Profiles or Summaries, regarding an applicant’s preferences, characteristics, opinions, attitudes, and/or aptitudes.

 The Company collects the Personal Information listed above to use or disclose as appropriate to:

  • Fulfill or meet the purpose for which you provided the information.
  • Comply with all applicable laws and regulations, including but not limited to local, state, and federal law and regulations requiring employers to maintain certain records (such as immigration compliance records, travel records, personnel files, wage and hour records, payroll records, accident or safety records, and tax records), as well as local, state, and federal law, regulations, ordinances, guidelines, and orders relating to COVID-19.
  • To evaluate your job application and candidacy for employment.
  • Obtain and verify background check and references.
  • Communicate with you regarding your candidacy for employment.
  • Fulfill other purposes as reasonably determined in the Company’s discretion.
  • Promote and foster diversity and inclusion in the workplace.
  • Investigate and enforce compliance with and potential breaches of Company policies and procedures.
  • Perform workforce analytics, data analytics, and benchmarking.
  • Administer and maintain the Company’s operations, including for safety purposes.
  • Exercise or defend the legal rights of the Company, its employees, affiliates, customers, contractors, and/or agents.

If you have any questions about this Notice or need to access this Notice in an alternative format due to having a disability, please contact recruiting@pluspower.com or call (832) 585-1238.

Candidate Demographics

We invite applicants to share their demographic background. If you choose to complete this survey, your responses will remain confidential and summary data may be used to identify areas of improvement in our hiring process.

Select...
Select...
Select...