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Project Finance Analyst - Battery Storage

Remote

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. 

Plus Power is looking to hire a Analyst to join the company’s Project Finance team. This individual will support all aspects of project finance transactions for Plus Power’s battery storage portfolio including construction financing, term debt/back-leverage and tax equity. Key responsibilities include creating and managing complex financial models, supporting the due diligence process, project management of financing deliverables, and coordinating with external financing parties to support the closing and funding of transactions. In addition, you will assist the finance team in bidding and structuring offtake agreements, and executing on project acquisitions and project sales. This individual will be exposed to all aspects of energy storage development, financing, and operations, and will collaborate with all functional teams across the company.

 

Key Responsibilities

  • Transaction Support: Support all aspects of debt and tax equity financing transactions, including preparation of marketing materials, due diligence, management of external consultants, and financial modeling
  • Project modeling: own all aspects of project financial models throughout the project lifecycle, including development, construction and operations. Modeling activities include project optimization, offtake bidding, sourcing and vetting model inputs with experts in various groups across the company (Development, Interconnection, Markets, EPC, Origination, Asset Management)
  • Data Analytics & Tools: supporting the creation of dashboards, reports, and analytics to support senior management decision making and reporting to corporate investors
  • Market Analysis: analyzing macroeconomic and ISO-level trends, including impacts of tax law change, interest rate environments, and broader sector trends, and their effect on the viability of the company’s portfolio
  • Cross-Functional Support and Collaboration: collaborate with other teams within Plus Power to perform economic analysis and support key business decisions, including PPA pricing, optimization of project design, major equipment selection and O&M contract negotiations

 

Skills & Qualifications

  • Bachelor’s degree in Finance, Economics, Engineering or related field
  • 1-2 years of project finance transaction experience at a developer, investment bank, project finance lender, tax equity investor, or infrastructure investor; OR finance/technical degree from a top university and completion of (or willingness to complete) a financial modeling course
  • Proficiency in Microsoft Office, especially Microsoft Excel, including experience with financial modeling
    • Tax equity modeling experience a plus
    • Specific experience in energy storage, renewables, or power generation a plus
  • Experience managing projects or financial transactions with multiple stakeholders and tight timelines
  • Ability to present complex information succinctly and efficiently to audiences internal and external, including financing counterparties
  • Ability and desire to learn and take on responsibility quickly

 

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 $110,000. 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 1/31/2025.

 

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.

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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.

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