Director, US Thermal Business Development
About The Position
Capital Power (TSX: CPX) is a growth-oriented North American power producer delivering responsible energy solutions across Canada and the United States. We are seeking a Director, US Thermal Business Development to lead the origination and execution of a multi-year pipeline of utility-scale thermal generation opportunities across the U.S. This is a high-impact, externally facing role shaping Capital Power’s thermal growth strategy and translating evolving utility reliability and capacity needs into long-term contracted assets. This results driven leader will operate with significant autonomy - originating proprietary opportunities, building senior utility relationships, and advancing projects through financial close to drive meaningful capacity growth and long-term value.
Requirements
- Bachelor’s in Engineering, Business, Finance, Economics, or related field (MBA preferred)
- 10–15+ years in power development, business development, or project finance with a strong U.S. thermal track record
- Proven success originating and advancing projects through financial close
- Deep, established relationships with utility procurement and executive teams (e.g., PJM, MISO, ERCOT)
- Strong knowledge of ISO/RTO markets, capacity structures, and interconnection processes
- Experience leading complex, cross-functional project execution
- Advanced financial modeling, valuation, and investment analysis capabilities
- Expertise in structuring and negotiating power sector commercial agreements
- Technical understanding of thermal generation (peakers, CCGT, flexible capacity)
- Executive presence, strong judgment, and an ownership mindset with the ability to drive results independently
Responsibilities
- Build and execute a multi-year development pipeline with clear line of sight to contracted MWs and financial close
- Originate proprietary brownfield and greenfield opportunities, including site control and interconnection strategy
- Define and execute market entry and origination strategies across key ISO/RTO markets
- Lead and deepen executive-level relationships with utilities, co-ops, and load-serving entities
- Convert utility procurement needs and IRP insights into actionable development opportunities
- Lead cross-functional teams with direct accountability for advancing projects through the full development lifecycle.
- Own project execution, including business cases, financial analysis, and risk assessment
- Structure development opportunities for successful contracting and commercialization
- Provide market intelligence on capacity markets, regulatory shifts, and competitive dynamics
- Influence strategy, capital allocation, and pipeline priorities with senior leadership
Benefits
- health care benefits
- retirement benefits
- paid time off
- annual bonus
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What This Job Offers
Job Type
Full-time
Career Level
Director
