Overview
About us:
Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired over 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through LS Power Grid, the Firm has built and operates approximately 780 miles of high-voltage transmission and has another 350+ miles and multiple grid infrastructure projects currently under construction or development. Across its efforts, LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $54 billion in debt and equity capital to support North American infrastructure.
Our Purpose, Mission, & Values:
Our Purpose is to solve complex energy problems that improve the world
Our Mission is to make lives better by developing a cleaner and more reliable energy ecosystem
Our Values are the willingness to participate in and help strengthen our culture of integrity, Innovation, Teamwork, and Taking Ownership
Our People create value and are our Most Valuable asset. We take our values of Integrity, Innovation, Teamwork and Taking Ownership seriously and ask candidates to think about how they can help us further enhance our culture with their specific skillsets, capabilities and experiences.
Benefits
We provide our team the opportunity to share their unique perspectives, solve new challenges, and continue in their career growth. We are committed to supporting employees’ happiness, healthiness, and overall well-being by providing comprehensive benefits that include 100% employer paid premium healthcare, paid parental leave and more.
Compensation
The salary for this role is $200,000 - $250,000. This is the range that we in good faith anticipate relying on when setting wages for this position. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in (Location). This salary range may also be modified in the future.
About the Role:
This position will be responsible for managing a portfolio of renewable assets across multiple ISOs in the USA and Canada, including both wind and solar plants. This is a hands-on, technical role requiring a comprehensive understanding of risks and exposures associated with intermittent resources. Responsibilities will include developing detailed models to track and manage risk, as well as identifying any short and long-term hedging opportunities to manage risk and maximize gross margin.
Responsibilities
What you will do:
- Develop and maintain risk models for 3 GW of renewable portfolio (wind and solar)
- Manage commercial exposure associated with both contracted and merchant position
- Manage day to day activities, including interactions with the ISO and third-party energy managers
- Optimize energy margin through hedging activities including DA/RT, CRR and other ICE products
- Collaborate with origination team for future offtake opportunities for energy and other attributes
Qualifications
We want you on our team because you…
- Have 3 - 7 years of experience in wholesale power industry, preferably with renewable energy
- In depth understanding of modelling and managing covariance risks
- Good understanding of ERCOT fundamentals and market mechanisms
- Experience trading short- and long-term power
- Experience with congestion market
Ideally, you also have
- Familiarity with eastern ISOs including ERCOT, PJM, MISO, ISONE and NYISO
- Familiarity with exotic and structured products, such as Heat Rate Call Options and Tolling agreement
- Familiarity with commodity derivative products
