Full-Time
Manager – Portfolio Management
Retail Power
Confirmed live in the last 24 hours
Gridmatic
11-50 employees
AI-driven optimization for renewable energy assets
Compensation Overview
$100k - $150kAnnually
Senior
Texas, USA
This is a full-time position that offers the flexibility of hybrid work.
- Minimum 5 years of commercial work experience in the power markets in the U.S., preferably ERCOT and/or PJM.
- Knowledge of power and environmental products markets. Understanding of relevant RTO’s or bi-lateral market concepts.
- Able to work in a face paced environment that includes executing trades with external counterparties to hedge risk.
- Must be self-motivated and capable of setting and executing strategy to accomplish goals.
- Experience working to and exceeding targets.
- Some travel required to interface with customers.
- Position Management: Work with existing systems and build tools to effectively track commodity risk positions on a daily basis.
- Hedge Execution: Evaluate exposures and work with external counterparties to execute forward/futures instruments to mitigate portfolio risks.
- Support Complex Sales: Work with the sales team to structure and transact on large complex deals in the commercial and industrial electricity space.
- Ad Hoc Duties: Perform other duties as assigned to contribute to the success of the Retail team and Gridmatic as a whole.
Gridmatic uses artificial intelligence to improve the performance and profitability of renewable energy assets for three main clients: energy generators, storage operators, and consumers. It helps energy generators maximize returns by predicting prices and managing risks, while optimizing revenue for storage operators and lowering costs for consumers. Unlike its competitors, Gridmatic combines advanced algorithms with market expertise to effectively predict trends and optimize transactions. The company's goal is to accelerate clean energy adoption by making energy markets more efficient and reliable.
Company Stage
Seed
Total Funding
$5.8M
Headquarters
Cupertino, California
Founded
2020
6 month growth
↑ 18%1 year growth
↑ 41%2 year growth
↑ 33%
Simplify's Take
What believers are saying
- The recent $50 million fundraising for its energy storage fund indicates strong investor confidence and potential for significant growth.
- Gridmatic's AI-driven approach can lead to substantial cost savings and increased profitability for clients, making it an attractive workplace for those interested in impactful technology.
- The company's mission to accelerate clean energy adoption aligns with global sustainability goals, offering employees a sense of purpose and contribution to climate change mitigation.
What critics are saying
- The reliance on AI and machine learning models means that any inaccuracies in predictions could lead to financial losses for clients.
- The clean energy sector is highly competitive, and Gridmatic must continuously innovate to maintain its edge.
What makes Gridmatic unique
- Gridmatic leverages advanced AI to optimize renewable energy assets, setting it apart from traditional energy management firms.
- The company's focus on both energy generation and storage optimization provides a comprehensive solution that many competitors lack.
- Gridmatic's ability to predict market trends and manage risks offers a unique value proposition in the clean energy sector.
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