Vice President, Energy, Power & Utilities - Policy & Investment

Job Description:

Capstone is seeking a highly motivated Energy Analyst with specialized expertise in electricity, power generation, and utilities policy. This individual will develop differentiated investment ideas grounded in rigorous policy and regulatory analysis. The successful candidate will regularly engage with policymakers, regulators, and industry leaders, as well as institutional investors across the U.S. energy sector. As part of Capstone’s energy research team, you will analyze complex policy developments, evaluate their financial and strategic implications, and communicate your insights through clear, actionable investment theses.

This is a unique opportunity to sit at the intersection of policy, markets, and investing, helping clients anticipate key inflection points in the evolving U.S. energy landscape.

• Conduct in-depth policy and regulatory analysis across electricity, utilities, power generation, and grid infrastructure sectors
• Identify and articulate investment-relevant insights from legislative, regulatory, and market trends
• Build and maintain relationships with regulators, policymakers, industry stakeholders, and investors
• Develop and present equity research ideas and differentiated opinions supported by robust, data-driven analysis with colleagues across Capstone’s policy and research teams to provide comprehensive, cross-sector perspectives
• Produce high-quality written reports, policy briefings, and client presentation

• Exceptional analytical and creative thinking skills
• The ability to form and clearly express independent, well-supported opinions
• Strong communication and interpersonal skills for client engagement
• Excellent writing and presentation abilities
• A proven track record of self-motivation and independent project execution
• A genuine passion for connecting policy and politics with investing

• Bachelor’s degree required; advanced degree preferred (e.g., in Public Policy, Economics, Finance, or Energy-related disciplines)
• Minimum 5 years of experience in equity research, consulting, investment banking, or policy analysis, ideally within the power and utilities or energy sector, banking, government, regulatory bodies, or policy analysis
• Significant expertise in electricity markets, power generation (renewable and conventional), grid regulation, and energy transition policy
• Demonstrated experience engaging with senior policymakers, regulators, and industry stakeholders
• Deep familiarity with regional transmission organizations (RTOs/ISOs), particularly PJM

• Familiarity with regional transmission organizations (RTOs/ISOs) and utility regulatory frameworks
• Background in equity research or policy-focused financial analysis

Based in or open to relocation to Washington, D.C., New York, or Houston

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Capstone is a global strategy firm helping corporations, industries, and investors navigate the local, national, and international policy and regulatory landscape. With offices in Washington DC, New York City, Houston, London, Paris, Brussels and Mumbai, our work explores how policy affects companies, industries, and investments in the financial services, healthcare, energy, and technology, media, and telecommunications sectors. We work with a diverse group of corporate and investor clients producing actionable investment research based on our deep-dive analysis of public policy.