COMPANY OVERVIEW
174 Power Global, headquartered in Irvine, California, is a member of Hanwha Group, a FORTUNE Global 500 firm that is among the eight largest business enterprises in South Korea. 174 Power Global designs, builds and manages renewable energy solutions. The company brings a decade of global leadership in renewable energy to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade energy solutions customized for local energy markets. 174 Power Global offers the full spectrum of energy solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the renewable energy value chain. 174 Power Global is expanding into data centers, leveraging internal knowledge and expertise, the company will secure and enable clean/renewable powered sites for data center development. Our focus is on attracting clients who will build and operate these data centers, ensuring their needs are met through our high-value, innovative solutions.
POSITION OVERVIEW
The Director, Power Marketing, is responsible for optimizing revenue from energy assets by securing Power Purchase Agreements (PPAs) and managing trading strategies for uncontracted portions. This role involves leading contract negotiations, marketing energy projects, integrating financial models, conducting research, coordinating with various departments, performing performance analytics, and assessing risks.
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Key Responsibilities- Revenue Optimization: Oversee contracting programs and energy bidding strategies to meet or exceed revenue goals. Lead the negotiation and execution of PPAs and related revenue contracts.
- Contract Negotiation: Structure, negotiate, and close long-term power purchase agreements and other revenue contracts.
- Marketing and Business Development: Maintain relationships with key power off takers, identify RFP opportunities, and explore new energy project development opportunities across the U.S. Manage responses to RFPs.
- Financial Modeling: Collaborate with the Investments team to integrate offtake structures into financial models.
- Research and Analysis: Own power price forecasts, maintain relationships with key consultants, stay informed on utility IRPs, state RPS mandates, and other regulatory trends. Present research and opportunities to stakeholders.
- Interdepartmental Coordination: Act as a subject matter expert on power prices, working with Development, Investments, and other departments to commercialize projects.
- Performance Analytics: Work with Asset Operations and Performance Engineering to analyze financial impacts of energy production. Maintain historical power price data.
- Communication: Exhibit excellent verbal and written communication skills with internal and external parties. Report on operational activities to relevant stakeholders.
- Risk Assessment: Support Asset Operations to ensure compliance with project agreements. Recommend risk approaches and execute trades in line with risk policies.
- Industry Relations: Maintain relationships with key suppliers, offtakers, energy consultants, regulatory agencies, and other stakeholders.
Education and Experience Requirements- Bachelor’s Degree.
- 5+ years of experience in origination, power marketing, renewable energy consulting, or a related field.
- Experience in operating merchant energy projects and managing production and dispatch strategy for Solar + Storage projects preferred.
Knowledge, Skills, and Abilities- Expertise in structuring and negotiating offtake deals, including financial hedges and swaps.
- Strong commercial transaction skills
- Experience with energy retailers in deregulated markets.
- Excellent interpersonal skills and ability to build relationships with stakeholders.
- Deep understanding of energy markets, especially SPP, MISO, NYISO, and PJM.
- Experience securing offtake from public and governmental agencies.
- Proficiency in financial modeling and creative structuring strategies.
- Strong problem solving, resourcefulness, creativity, and leadership skills.
- Superior communication skills and attention to detail.
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$180,000 - $215,000 a year
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Attention external recruitment firms, we will not accept any unsolicited resumes at this time. Please do not contact any internal member of our company to discuss the position or to solicit candidates.
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.
www.174powerglobal.com.
