Full-Time
Senior Associate
Posted on 4/18/2024
Renewable and natural gas energy generation
Energy
Compensation Overview
$145,000 - $187,000Annually
Senior
Princeton, NJ, USA
Required Skills
Python
R
SQL
Data Analysis
Requirements
- Master’s or PhD in Engineering, Finance, Mathematics, Statistics, Power, Economics and/or Business or comparable.
- Minimum of 7 years of experience in an analytical role at an energy trading firm, IPP, ISO, or Utility.
- Programming skills required: Python is a must, R, SQL, etc.
- Experience with linear/Mixed Integer programming and associated tools like Gurobi, CPlex, etc.
- Working experience with stochastic models and the ability to develop models from scratch.
- Strong understanding of market economics, game theory, opportunity cost, option valuation, and optimization.
- Experience or working knowledge of Security Constrained Economic Dispatch (SCED), Production Cost, & Capacity Expansion models like Aurora, Plexos, PROMOD or Dayzer, gas asset dispatch modeling, HRCO, toll valuations.
- Strong understanding of power markets, economics, and quantitative/econometric models.
- Understanding extrinsic value, option pricing, and volatility.
- Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately and on time.
- Strong interpersonal, analytical, and problem-solving skills.
- Understanding optimization modeling.
Responsibilities
- Analyze actual/historical market data to identify major drivers of power price formation and volatility.
- Identify trends and insights on market evolution to refine fundamental modeling and scenario analysis.
- Provide analytical insights from modeling results to support risk management, trading activities, and/or market advocacy.
- Refine vendor models or develop in-house models for capacity expansion with a view on market policy, renewable penetration, and asset valuations.
- Develop stochastic models to forecast load, wind, and solar uncertainty, and their impact on market volatility and asset valuations.
- Analyze trading forwards in comparison with spot prices and fundamental forecasts to inform a view on trading strategies, risk premium, and contract pricing.
- Develop centralized databases and streamline workflows to retrieve market data such as interconnection queues, generator bids & offers, transmission flows, etc.
- Create insightful market dashboards using Power BI or similar platforms to allow quick dissemination of information across the teams.
Clearway Energy, Inc. is a top employer for those passionate about contributing to a sustainable future, offering roles in the management and expansion of a significant portfolio of renewable energy projects. This company is characterized by a strong emphasis on environmental stewardship and stable growth opportunities, which makes it an appealing workplace for individuals aiming to advance in the dynamic field of renewable energy while making a meaningful impact on the planet's sustainability.
Company Stage
Private
Total Funding
$1.6B
Headquarters
Princeton, New Jersey
Founded
2018
Growth & Insights
Headcount