What The Role Is

As a part of the fundamentals & structuring team, the quant modeler will be responsible for a variety of activities from short and long-term econometric or statistical analysis of power markets and adding quantitative power to fundamental market analysis to assisting structuring and BESS modeling activities and supporting trading/optimization/hedging.

This hybrid role will be co-located in your home office and one of our headquarters offices two days a week, in San Francisco, Carlsbad, Scottsdale, Houston, or Princeton.

What You’ll Be Doing

Market analysis & research 

• Analyze actual/historical market data such as load, generation, heat rates, and gas prices to identify major drivers of power price formation and volatility.
• Identify trends and insights on market evolution to refine near-to-long fundamental modeling and scenario analysis.
• Provide analytical insights from modeling results to support risk management, trading activities, and/or market advocacy.
• Stay abreast of changing market conditions at both macro and micro levels, and their impact on markets.

Economic/Quantitative Modeling 

• Refine vendor models or develop in-house models for capacity expansion with a view on market policy (RPS/GHG reduction), LCOEs, retirements, transmission, reliability, and demand growth. 
• Develop models to analyze the impact of renewable penetration on market volatility, scarcity prices, ancillary services, ELCC, and renewable capture price. 
• Develop stochastic models to forecast load, wind, and solar uncertainty, and their impact on market volatility and asset valuations of conventional gas and BESS assets. 
• Support conventional asset dispatch modeling and HRCO/Toll/option pricing. 
• Develop Stochastic or Machine Learning models to forecast next-day DA, Ancillary, and RT prices based on fundamental variables like load, gas prices, wind+solar generation, etc. 
• Analyze trading forwards in comparison with spot prices and fundamental forecasts to inform a view on trading strategies, risk premium, and contract pricing. 
• Quantitative modeling and automation of the modeling processes for Clearway asset revenue optimization with the use of data science and optimization.

Data Science & Reporting 

• Develop centralized databases and streamline workflows to retrieve market data such as interconnection queues, generator bids & offers, transmission flows, etc.
• Analyze the above datasets to provide input into fundamental modeling and other market optimization strategies.
• Create insightful market dashboards using Power BI or similar platforms to allow quick dissemination of information across the teams. 

What You’ll Bring

• 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 formulate and articulate viewpoints (written and verbal) in a clear, persuasive, and succinct manner.
• Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately and on time.
• Ability to work well in a fast-paced, team-oriented, collaborative environment that emphasizes attention to detail, meeting deadlines, and working together to achieve company-wide objectives.
• Strong interpersonal, analytical, and problem-solving skills.
• Understanding optimization modeling.
• If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.)