Full-Time

Performance Engineer-Power System Simulation

Posted on 7/30/2025

Deadline 8/14/25
Caterpillar Inc.

Caterpillar Inc.

10,001+ employees

Corporate venture capital arm investing startups

Compensation Overview

$95.6k - $143.5k/yr

+ Incentive Bonus

H1B Sponsorship Available

Peoria, IL, USA

In Person

Relocation assistance is available for qualified candidates. This role requires up to 15% travel.

Category
Electrical Engineering (1)
Required Skills
Python
Git
MATLAB
Simulink
Requirements
  • BS degree in Electrical Engineering
  • Strong foundation in electrical power systems engineering and electrical systems design
  • At least 2 years of experience modeling and analyzing microgrid or EV systems using MATLAB/Simulink/Simscape
  • Ability to interpret simulation data, identify performance trends, and recommend design improvements
  • Proficiency in MATLAB or Python for automating tasks and enhancing simulation workflows
  • Strong initiative, teamwork, and communication skills with a customer-focused mindset
  • Commitment to self-development and staying current with evolving technologies and tools
Responsibilities
  • Integrate controls and plant models of components and subsystems into comprehensive power system models using MATLAB/Simulink/Simscape
  • Execute performance simulations to support early product concept development, influence control software design, and resolve performance issues in existing products
  • Analyze simulation results to assess system performance and reliability, and validate findings against measured test data
  • Apply Model-in-the-Loop (MIL) and Software-in-the-Loop (SIL) methodologies in daily workflows
  • Develop scripts in MATLAB or Python to automate simulation and analysis tasks
  • Collaborate on power system architecture design, including hardware selection and control algorithm optimization
  • Interface with Git-based software libraries to support model integration and version control
  • Contribute to process improvements and the development of simulation technologies
  • Communicate findings and recommendations to cross-functional teams including engineering, management, marketing, and suppliers
  • Support the design and evaluation of new products and processes through needs analysis and innovation
Desired Qualifications
  • MS/PhD in Electrical Engineering with a focus on power system simulation
  • Experience in microgrid or EV system design and controls, power electronics, motor control, and grid interaction
  • Demonstrated ability to optimize control strategies and integrate complex subsystems in simulation environments

Caterpillar Ventures is the corporate venture capital arm of Caterpillar Inc., making strategic, minority investments in early-stage startups that align with Caterpillar’s future priorities. It supports portfolio companies with capital (typically $500,000 to $5 million per round) and access to Caterpillar’s industry expertise, global dealer and supplier network, and technical resources to enable collaborations and growth. Its approach combines financial funding with strategic value, differentiating itself by leveraging a parent company’s assets and by pursuing sustainability and decarbonization areas such as electric vehicles, energy storage, hydrogen, grid optimization, and advanced materials. The goal is to help Caterpillar and its customers navigate the energy transition, improve operational efficiency, and extend Caterpillar’s long‑term strategy, including expanding investments beyond the US into Europe.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1925

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Simplify's Take

What believers are saying

  • £5M Equipmake investment in March 2025 accelerates electrification tech adoption.
  • ElevenEs Series B funds 1GWh Serbia LFP factory starting February 2026.
  • Lithos Energy deal boosts Caterpillar's electrified product portfolio development.

What critics are saying

  • Equipmake shares collapse below 3.125p, diluting Caterpillar stake 70% now.
  • EU-China tariffs hit 40% in 2026, delaying ElevenEs Serbia factory 12-18 months.
  • Lithos battery specs mismatch strands integration within 6-12 months.

What makes Caterpillar Inc. unique

  • Caterpillar Ventures leverages Caterpillar's global dealer network for portfolio scaling.
  • Focuses on strategic minority investments in energy decarbonization and mining tech.
  • Combines direct Series A/B deals with LP stakes in pre-seed funds.

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Benefits

Annual incentive bonus plan

Medical, dental, and vision coverage

Paid time off plan (Vacation, Holiday, Volunteer, Etc.)

401k savings plan

Health savings account (HSA)

Flexible spending accounts (FSAs)

Disability benefits

Life Insurance

Parental leave

Healthy Lifestyle Programs

Employee Assistance Programs

Voluntary Benefits and Employee Discounts

Tuition Reimbursement

Career Development

Company News

Yahoo Finance
Apr 11th, 2026
Applied Materials and Caterpillar outperform as UPS faces labour costs and declining revenue

Applied Materials reported first-quarter revenue of $7.01 billion, down 2% due to falling China sales, but earnings per share surged 75% to $2.54 on improved margins. The semiconductor equipment maker expects industry sales to grow more than 20% this year, driven by AI computing demand. The company holds leading market positions in deposition and etching tools used for chip manufacturing. Its shares have risen over 175% in the past year and more than 35% year-to-date. Meanwhile, Caterpillar is benefiting from data centre growth through its dominance in backup generators. The industrial firm is experiencing strong sales growth and a large backlog for diesel and natural gas engines that provide emergency power for hyperscale data centres.

PR Newswire
Apr 8th, 2026
Caterpillar appoints Kyle Epley as CFO after record $67.6B year

Caterpillar has appointed Kyle Epley as chief financial officer, effective 1 May 2026, replacing Andrew Bonfield, who will retire on 1 October after eight years with the company. Bonfield will serve in an advisory role during the transition period. Epley brings nearly three decades of Caterpillar experience to the role and currently serves as senior vice president of Global Finance Services. He has held several senior finance leadership positions, including division CFO and corporate controller. During Bonfield's tenure, Caterpillar achieved record financial performance, including the highest full-year sales and revenues in company history and a single-quarter record of $19.1 billion in the fourth quarter of 2025. The company reported 2025 sales and revenues of $67.6 billion.

PR Newswire
Apr 8th, 2026
Caterpillar maintains $1.51 quarterly dividend, extends 32-year streak of annual increases

Caterpillar has maintained its quarterly dividend at $1.51 per share of common stock, payable on 19 May 2026 to shareholders of record as of 20 April 2026. The construction and mining equipment manufacturer has paid a cash dividend every year since its formation and quarterly dividends since 1933. Caterpillar has increased annual dividends for 32 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index. The company reported sales and revenues of $67.6 billion in 2025. Its primary business segments include Power & Energy, Construction Industries and Resource Industries.

Yahoo Finance
Apr 1st, 2026
Caterpillar becomes AI powerhouse with $51B backlog from data centre power solutions

Caterpillar, the industrial equipment manufacturer known for construction machinery, has emerged as an unexpected AI beneficiary through its power and energy segment. The company is capitalising on surging demand for data centre power infrastructure, selling industrial-scale generators, battery systems and switchgear whilst electrical grids expand to meet capacity needs. The power and energy division grew revenue 23% year-over-year in Q4 2025, becoming Caterpillar's largest business. The company ended 2025 with a $51 billion order backlog, up 71% from the previous year. Management estimates data centre electricity requirements will rise 200% by 2035. Caterpillar shares have more than doubled over the past year and trade at 31 times forward earnings. Wall Street analysts forecast 18% annual earnings growth over the next three to five years.

Yahoo Finance
Mar 23rd, 2026
Caterpillar stock doubles in a year on AI data centre power demand

Caterpillar has surged roughly 100% over the past year, making it one of the best performers in the Dow Jones Industrial Average. The dividend stock's gains have been driven largely by surging demand for power generation equipment needed to support AI data centres. In the fourth quarter of 2025, Caterpillar's power generation sales jumped 44%, fueled by demand for generators and turbines supporting AI infrastructure. The company secured one of its largest single power contracts to supply generators for a data centre project in West Virginia. Power and energy sales have become Caterpillar's largest revenue contributor. Caterpillar is investing $725 million to expand production capacity and plans to more than double turbine engine capacity by 2030. In June 2025, the company raised its quarterly dividend by 7% to $1.51 per share.

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