Commonwealth Fusion Systems

Develops high-temperature superconducting fusion magnets

Techno-Economic Analyst

Corporate Finance & FP&AConfirmed live in the last 24 hours

Full-timeDevens, MA, USA$107k - $160k /yr

About the Job

Requirements

A bachelor's degree in Engineering, Engineering Technologies, Business, Finance, Economics, Mathematics, Physics, or a related field is required.
At least 5 years of relevant industry experience is required.
Exposure to or professional knowledge of energy systems is required.
Experience conducting quantitative analysis with probabilistic models is required.
Experience working in cross-functional teams and facilitating collaboration across domains is required.
Experience managing stakeholder relationships, including prioritizing and executing disparate deliverables on tight timelines with clear communication, is required.
Mastery of Microsoft Excel is required.
Proficiency in Microsoft PowerPoint is required.
Knowledge of probabilistic modeling and forecasting is required.
Ability to work collaboratively and autonomously to close gaps is required.
Ability to execute loosely defined mid- to long-term assignments is required.
Understanding of the calculation, derivation, and drivers of variability for industry metrics, including levelized cost of energy, overnight capital costs, internal rate of return, and utility return on equity, is required.
Professional knowledge of thermodynamics and engineering fundamentals, with the ability to solve analytical problems related to energy usage and plant optimization from first principles, is required.
Ability to generate work plans, define milestones for assigned tasks, help define processes that affect the work, and contribute to process improvement is required.
Strong organizational ability to manage multiple cases and scenarios is required.
Ability to map and understand complex interconnected systems is required.
Attention to detail across multiple systems to conduct comprehensive analysis and identify quality or detail gaps is required.
Ability to see tasks through to completion and persist in the face of uncertainty and setbacks is required.
Ability to select an appropriate level of detail and adapt modeling from quick estimates to detailed, reliable models for project specifications is required.
Adaptability to a startup environment, initiative in developing tasks and timelines, and ability to solve broad, ambiguous problems are required.
Ability to operate with general management guidance and increasingly take independent ownership of execution approaches is required.
Proven writing and communication ability, including producing consistently high-quality material for broad external audiences, is required.
Ability to perform typing, standing, and sitting for extended periods is required.
Willingness to occasionally travel or work required nights, weekends, or on-call is required.
Ability to work in a facility with industrial hazards, including heat, cold, noise, fumes, strong magnets, lead, high voltage, high current, pressure systems, and cryogenics, is required.

Responsibilities

Develop techno-economic models to characterize the future costs and benefits of CFS products, including ARC.
Incorporate expected learning and experience benefits as the company develops additional power plants.
Establish and maintain best practices and lessons learned for analytical methods and models, and systematically improve models and analysis.
Track and maintain current assessments of ARC's competitiveness compared with other energy solutions.
Work with the Scientific Software team to maintain modeling tools and their underlying assumptions.
Collaborate with Research and Development, Engineering, Manufacturing, Scientific Software, System Engineers, Finance, Business Development, and external stakeholders to collect primary data, populate techno-economic models, productionalize the model, and validate model fidelity.
Support other functions and perform other duties as assigned.
Prepare briefing materials, write and publish research results in internal technical reports and public-facing presentations, including collaborations with external partners.
Present and defend analysis and underlying assumptions to a wide range of audiences.
Support Investor Relations, Business Development, Corporate Finance, and Engineering teams with queries and reports as needed.
Support potential customers, sponsors, partners, and investors through diligence processes.
Support management in developing scope, budget, and schedule for projects by matching expertise and capabilities to research needs and project opportunities.
Apply quantitative and qualitative research, case studies, literature reviews, and insights from internal and external subject-matter experts to identify key variables and sensitivities that determine ARC's costs and value.
Support evaluation of new research and development opportunities, Open Innovation pathways, technology advancement, and market opportunities.
Identify key areas of risk, uncertainty, and variability in models and develop mitigation strategies with the business where possible.
Provide feedback to Research and Development and Engineering on key levers for reducing product costs and levelized cost of energy.
Synthesize quantitative results to inform future technology research and development opportunities and design decisions.
Work with Procurement to refine cost estimates for CFS products and associated systems.

Desired Qualifications

Experience with detailed process modeling of emerging technologies and techno-economic models of new technologies and systems.
Cross-functional experience in energy system engineering, business development, and financial modeling.
Experience developing probabilistic models focused on energy system modeling and optimization.
Comfort with mathematical modeling and tool development in Python.

Salary Range: 107000 to 160000 (Currency: USD) (Pay period: per-year-salary)

About Commonwealth Fusion Systems:

Commonwealth Fusion Systems is on a mission to deliver the urgent transition to fusion energy.

Combining decades of research, top talent, and new technologies, we’re designing and building commercially viable fusion power plants. And we're working with policymakers, suppliers, and many others to build the energy industry of the future.

We’re in the best position to make it happen. Since 2018, we’ve raised $4 billion of capital, making us the largest and leading fusion company in the world.

Now we’re looking for more thinkers, doers, builders, and makers to join us. People who’ll bring new perspectives, solve tough problems, and thrive as part of a team.

If that’s you and this role fits, we want to hear from you.

Join the power movement as a Techno-Economic Analyst

For fusion power plants to be successful they must be economically competitive with other power generation technologies. The techno-economic analyst is responsible for developing models critical to evaluating fusion power plants' financial viability and commercial desirability. The candidate will work closely with internal CFS team members to create and evolve economic models, run sensitivity analysis, identify opportunities for improvement and provide input to design, engineering, and R&D on impacts. This role will serve an important function within the business development team supporting communicating the benefits of fusion energy to customers and key stakeholders.

What you'll do:

Deliver:

Continue the development of techno-economic modeling at CFS to characterize the future costs and benefits of CFS products including ARC, the world’s first commercial fusion power plant
Incorporate expectations for learning and experience benefits as the company develops additional power plants
Establish and maintain company best practices and lessons learned related to analytical methods and models. Systematically work to improve models and analysis over time
Track and maintain current assessment of ARC competitiveness compared to other energy solutions
Work closely with the Scientific Software team to maintain the modeling tools and their underlying assumptions over time
Collaborate closely with Research and Development (R&D), Engineering, Manufacturing, Scientific Software, System Engineers, Finance, Business Development, and external stakeholders to collect primary data, populate techno-economic models, productionalize the model, and validate model fidelity
Provide support for other functions and other duties as assigned.Prepare briefing materials, write and publish research results in internal technical reports and public facing presentations, including collaborations with key external partners
Present and defend analysis and underlying assumptions to a wide range of audiences
Support Investor Relations, Business Development, Corporate Finance, and Engineering teams as needed, and on-demand with queries and reports

Problem Solve:

Support potential customers, sponsors, partners, and investors in diligence processes
Support management in developing scope, budget, and schedule for new projects based on matching expertise and capabilities to research needs and project opportunities
Apply quantitative and qualitative research, case studies, literature reviews, and learnings from internal and external subject matter experts to identify key variables and sensitivities important to determining the costs and value of ARC
Support the evaluation of new R&D opportunities, Open Innovation pathways, technology advancement, and market opportunities
Support potential customers, sponsors, partners, and investors in diligence processes
Support management in developing scope, budget, and schedule for new projects based on matching expertise and capabilities to research needs and project opportunities

Strategize:

Identify key areas of risk, uncertainty, and variability within models and develop mitigation strategies with the business to alleviate where possible
Serve as a feedback loop to the R&D and engineering organizations to understand the key levers to continuously drive down product costs and LCOE
Synthesize quantitative results to provide insight into potential future technology research and development opportunities and design decisions
Work closely with procurement to refine estimates for costs for the CFS products and associated systems

What we're looking for:

Bachelor’s Degree in Engineering, Engineering Technologies, Business, Finance, Economics, Math, Physics or a related field
5+ years of relevant industry experience
Exposure to or professional knowledge of energy systems
Experience working on quantitative analysis with probabilistic models
Experience working in cross-functional teams and facilitating collaboration across domains
Experience managing stakeholder relationships, including prioritizing and executing disparate sets of deliverables on tight timelines with clear communication
MS Excel - Mastery
MS Power Point - Proficiency
Probabilistic modeling and forecasting
Ability to work collaboratively in a team environment as well as autonomously to close gaps.
Capable of executing on mid to long-term assignments that are loosely defined
Understand the calculation, derivation, and drivers of variability of key industry metrics including, but not limited to, levelized cost of energy, overnight capital costs, internal rate of return, and utility return on equity
Professional knowledge and understanding of thermodynamics and engineering fundamentals, with ability to solve analytical problems related to energy usage and plant optimization from first principles
Generates work plans, defines milestones for own tasks, and helps define processes that impact direct work. Contributes to process improvement
Strong organizational abilities to manage many various cases and scenarios
Ability to map out and understand complex interconnected systems
Exquisite attention to detail applied across a multitude of systems, ensuring comprehensive analysis and identification of gaps in quality or detail
Reliable and persistent work ethic, seeing tasks through to completion. Stays determined in the face of uncertainty and setbacks
Ability to identify the right level of detail for a given task and flexibility to adapt to modeling both rough, quick estimates for establishing development priorities and detailed, reliable models for finalizing project specifications
Adaptability to a start-up environment, capability to take initiative, develop own tasks and timelines, and solve broad, ambiguous problems
Operates with general guidance from management and increasingly takes independent ownership of developing execution approaches to assigned work
Proven writing and communication ability, and consistent quality of work appropriate for preparing material for a broad external audience

Bonus points for:

Experience with detailed process modeling of emerging technologies and techno-economic models of new technologies and systems
Cross-functional experience in energy system engineering, business development, and financial modeling
Experience developing probabilistic models with a focus on energy system modeling and optimization
Comfort with mathematical modeling and tool development in python

Must-have requirements:

Perform activities such as typing, standing, and sitting, for extended periods of time
Willingness to occasionally travel or work required nights/weekends/on-call
Work in a facility that contains industrial hazards including heat, cold, noise, fumes, strong magnets, lead (Pb), high voltage, high current, pressure systems, and cryogenics

#LI-Onsite

At CFS, we excel in fast-paced environments, driven by our values of integrity, execution, impact, and self-critique. As we grow, we’re eager to bring on mission-driven folks who offer diverse perspectives and fresh ways to tackle challenges.

We value diversity deeply and are proud to be an equal opportunity employer by choice. We consider all qualified applicants equally, regardless of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law.

This role requires compliance with U.S. laws concerning the export of controlled or protected technologies or information (collectively, “Export Control Laws"). Any offer of employment will be contingent on the need for compliance with such Export Control Laws.

About the Company

Commonwealth Fusion Systems

Develops high-temperature superconducting fusion magnets

Commonwealth Fusion Systems builds fusion energy systems that aim to provide clean, affordable power. It designs tokamaks using high-temperature superconducting magnets to make smaller, less expensive machines. Its flagship SPARC is intended to produce net energy, with ARC envisioned as the first commercial fusion power plant. The company collaborates with MIT and focuses on a data-driven, mission-focused path to scalable fusion energy for large energy users.

Company size: 1,001-5,000
Company stage: Grant
Total funding: $4B
Headquarters: Harvard, MA
Founded: 2018

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