Senior Energy Trading Manager
About the job
- A bachelor's degree or higher in engineering, economics, finance, or another quantitative field is required.
- At least 5 years of power trading experience at a utility, independent power producer, trading firm, or energy trading software company is required.
- Deep expertise in ERCOT, including its operating protocols and rules, is required, along with working knowledge across multiple markets.
- Deep understanding of transmission topology, ISO locational marginal pricing, ancillary service pricing, and power flow constraints is required.
- Understanding of risk management and the ability to maximize revenue subject to risk constraints are required.
- The ability to participate in an on-call rotation supporting live market operations and time-sensitive trading decisions, including occasional evening or weekend coverage, is required.
- Strong written and verbal communication skills are required to explain complex market dynamics to technical teams, commercial stakeholders, and executive audiences.
- Strong quantitative and analytical skills are required, including the ability to interpret complex datasets and translate findings into actionable recommendations.
- Strong Excel skills are required.
- Willingness to travel up to 20% is required.
- The candidate must successfully pass a pre-employment background check.
- Establish frameworks and success metrics to evaluate trading performance, monitor daily performance and risk metrics, and communicate results to internal stakeholders and external partners.
- Participate in the physical dispatch and optimization of battery energy storage system assets by executing energy and ancillary service offers in day-ahead and real-time markets using internal software and forecasting tools.
- Oversee day-ahead trading strategy and develop views of market fundamentals to guide the daily allocation of battery energy storage system capacity between day-ahead energy, real-time energy, and ancillary service markets.
- Serve as the subject-matter expert on wholesale electricity trading, market fundamentals, bidding strategy, and independent system operator protocols and operations.
- Work with data scientists, software engineers, and asset operations teams to evaluate and refine programmatic optimization and software development, and translate analytical findings into product requirements and roadmap priorities.
- Develop processes and frameworks to identify likely transmission constraints in day-ahead and real-time markets and incorporate those expectations into optimization strategy.
- Contribute to the evaluation of hedging activity to support storage revenue over the long term of offtake agreements and potentially execute energy futures and options trades as opportunities arise.
- Monitor regulatory developments and market design changes across relevant independent system operators, evaluate their commercial and operational implications, and communicate proactively with internal teams.
- Experience trading energy storage assets is preferred.
- Working experience in Python is preferred.
- Experience with one or more financial products, including virtuals, congestion revenue rights or financial transmission rights, and forward contracts, is a plus.
- A passion for sustainability, the company's mission, and its vision is a bonus.
About the company
Energy Vault provides utility-scale energy storage solutions using gravity-based storage and also sells batteries. Its gravity battery stores energy by lifting heavy blocks to higher elevations to create potential energy, while its Energy Management Systems software monitors, controls, and optimizes dispatch across assets. It differentiates itself by pairing gravity storage with EMS software and pursuing a licensing model with large partners to enable global, large-scale deployments, alongside a battery product line. Its goal is to lower the levelized cost of energy and improve grid reliability for utilities, independent power producers, and large industrial users.
Company Size
51-200
Company Stage
IPO
Headquarters
Lugano, Switzerland
Founded
2017
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Simplify's Take
What believers are saying
- September 2026 Goshe acquisition added 2.3 GW and 350 MW ready-to-build U.S. BESS.
- Stoney Creek reached land ownership, with Q1 2027 construction and $25-$30 million annual revenue.
- June-September 2026 deals with Rolls-Royce, 2G Energy, and Italy accelerated hyperscale and utility demand.
What critics are saying
- Debt rose to $243 million by Q2 2026, while cash-funded buildouts still require financing.
- Most 2026 backlog converts over 12-18 months; any execution miss hits revenue and credibility.
- Energy Vault's pivot to AI power depends on large projects, making a stalled campus pipeline existential.
What makes Energy Vault unique
- Energy Vault pairs gravity storage with batteries, engines, and VaultOS across 2026 projects.
- Asset Vault owns and operates long-duration assets, not just selling equipment into one-off deals.
- Its AI power platform targets hyperscale campuses with integrated speed-to-power and dispatchability.
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Benefits
401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Hybrid Work Options
Stock Options
Company Equity
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Professional Development Budget
Conference Attendance Budget
Reimbursement for home office equipment, phone, and internet expenses
Relocation Assistance
Growth & Insights and Company News
6 month growth
0%1 year growth
0%2 year growth
-1%Energy Vault's subsidiary Development Vault secured a $25 million senior secured term loan facility on 18 September 2026, with $18 million already drawn. The facility carries a 10% cash interest rate plus 7% payable in kind and matures in April 2030. The financing will fund acquisitions of battery energy storage projects, sponsor equity contributions, transaction costs and related expenses. It is secured by first-priority liens on substantially all assets of the borrower and its subsidiaries. The agreement includes customary guarantees, covenants and reporting requirements. Energy Vault Holdings operates in the energy storage sector, focusing on utility-scale and large commercial battery storage applications through project-level financing structures.
Energy Vault Holdings Inc., a publicly traded California company, has acquired Boulder-based Goshe Energy Storage LLC. The deal includes 15 battery energy storage projects totalling more than 2.3 gigawatts of power. Financial terms were not disclosed. Goshe's team of experienced development professionals will join Energy Vault to continue developing, constructing and operating the acquired portfolio. The team brings over 75 years of combined experience in renewable energy development, battery energy storage system project management and financial services. Energy Vault trades on the New York Stock Exchange under the ticker NRGV.
Energy Vault has secured 275 MW of reciprocating engine generation capacity using Rolls-Royce MTU technology, with deliveries scheduled from the second half of 2027 through the first half of 2028. The procurement was supported by equipment financing from Eagle Point Credit Management. The generation capacity will support Energy Vault's Powered Land solutions and ongoing multi-gigawatt discussions for hyperscale AI and high-performance computing campuses. The company aims to address power access constraints facing AI infrastructure development through its Build, Own & Operate model. The equipment will utilize Rolls-Royce MTU reciprocating engine technology designed for mission-critical applications. Energy Vault plans to integrate this capacity with battery energy storage systems and advanced power plant controls to provide hyperscale customers with faster energization whilst maintaining power quality and operational flexibility.
Energy Vault has secured a $137.5 million senior secured term loan facility through its subsidiaries to purchase power generation equipment, according to an SEC filing on 20 August 2026. The facility was established on 14 August 2026, with EV Gen Set 1, LLC as borrower and EV Gen Set I HoldCo, LLC as guarantor. The loan matures on 2 January 2028 and will be drawn in instalments to match equipment supply agreement payments. Interest rates are set at 6.75% per annum for SOFR loans through 31 December 2026, rising to 7.50% thereafter. The financing is secured by first-priority security interest in substantially all assets of the borrower and holding company, including contract rights and membership interests. The company must maintain a debt service reserve account covering three months of debt service.
Energy Vault reported second-quarter 2026 revenue of $17.4 million, up 104% year-over-year, exceeding consensus estimates. GAAP gross margins reached 31%, whilst adjusted gross margin hit 38.6%, up 166% year-over-year. The company's contract backlog expanded to $2 billion, growing 47% quarter-over-quarter and 107% year-over-year, driven by demand from AI compute infrastructure. Energy Vault secured a 1.25 GW contract for integrated power, storage and software infrastructure supporting hyperscaler contracts in Texas, expected to generate $500-$600 million revenue in the second half of 2026 and 2027. Cash reserves grew 26% quarter-over-quarter to $148 million, marking the sixth consecutive quarterly increase. Global megawatts under operation, construction and ready-to-build reached approximately 1.1 GW, up 476% year-over-year. The company raised full-year 2026 revenue guidance to $270-$310 million and GAAP gross margin guidance to 20%-25%.