Head of Trading & Risk Management - Battery Storage

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 states 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.

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.

We are looking for a Head of Trading & Risk Management to lead the trading activities and P&L management for our growing book of operating assets.

• Direct and lead the Plus Power Trading team in pursuit of financial optimization for all Plus Power battery energy storage projects within an ISO
• Develop and improve processes for (a) load and price forecasting, (b) optimizing energy revenue in the Day Ahead and Real Time markets, and (c) and improving tools & platforms used by the team
• Manage established hedge trading positions, including settlements, credit support, and P&L monitoring;
• Regularly evaluate hedging strategies for the projects and portfolio
• Provide consultative review of ISO asset contracting opportunities to ensure any long-term agreements align with market and asset strategy
• Regularly review market portfolios to identify risk elements; develop recommend strategies for risk mitigation and/or revenue enhancement
• Lead reporting of daily, weekly, monthly, and YTD positions and P&L
• Lead market entry for any new market trading operations including SPP and PJM
• Manage existing market counter parties and arrangements (ERCOT QSE and ISONE Lead Market Participant).
• Retain and develop energy trading personnel to create an industry-leading energy trading function at Plus Power
• Monitor & automatically report daily market exposures and positions
• Perform analysis, drafts memos, and present profit and loss results to senior management

• Minimum BA/BS in economics, finance or related field; advanced degree preferred.
• 10+ years in North American electricity and natural gas markets trading roles with progressively increasing levels of responsibility
• Knowledge of and experience trading DA-RT markets in ERCOT, ISO-NE, PJM, and other RTOs
• Exceptional quantitative and analytical capabilities, combined with deep institutional knowledge of trading practices, markets, and risk management
• Ability to design, build, implement, and continuously enhance automated trading and risk management tools
• Demonstrated ability to think strategically, translate business objectives into…