Head of Trading & Risk Management - Battery Storage

Plus Power•The Woodlands, TX

4d•Remote

About The Position

Plus Power is an energy storage market leader with a significant portfolio across North America. Standalone energy storage is transforming energy markets by being a cost-effective, fast-to-build, and versatile solution. Plus Power collaborates with system operators, utilities, and investors to develop, finance, own, and operate these projects. The company utilizes a data-driven approach to development and operations, focusing on solving climate problems profitably. Plus Power values candidates who set high expectations, learn from mistakes with radical transparency, and are committed to internal partnering within an ideas meritocracy. The company culture is praised for its game-changing mission and supportive ecosystem. This role is for a Head of Trading & Risk Management to lead trading activities and P&L management for the company's growing portfolio of operating assets. The ideal candidate will be an outstanding energy industry professional driven to develop, build, and operate assets safely and reliably to decarbonize power markets while advancing their career. Plus Power seeks individuals with data-driven mindsets, engaging and collaborative behaviors, and a focus on personal growth.

Requirements

Minimum BA/BS in economics, finance or related field; advanced degree preferred.
10+ years in North American electricity and natural gas markets trading roles with progressively increasing levels of responsibility.
Knowledge of and experience trading DA-RT markets in ERCOT, ISO-NE, PJM, and other RTOs.
Exceptional quantitative and analytical capabilities, combined with deep institutional knowledge of trading practices, markets, and risk management.
Ability to design, build, implement, and continuously enhance automated trading and risk management tools.
Demonstrated ability to think strategically, translate business objectives into actionable priorities, and lead teams through execution.
Exceptional written, verbal, and presentation skills, with the ability to communicate effectively and influence stakeholders at all levels, including senior executives and external parties.
Ability to translate complex technical analyses and concepts into clear, concise, and actionable insights for technical and non-technical audiences.
Demonstrated ability to identify opportunities for continuous improvement and proactively develop and drive solutions.
Demonstrated ability to operate with a high degree of autonomy, navigate ambiguity, exercise sound judgment, and lead effectively in a dynamic, fast-paced environment.
Demonstrated success building strong cross-functional partnerships and influencing technical and non-technical stakeholders across a geographically dispersed organization.
Demonstrated experience building, leading, and developing high-performing teams.
Strong proficiency with Microsoft Office applications, including Outlook, Word, PowerPoint, and Excel.

Nice To Haves

Advanced degree preferred.

Responsibilities

Direct and lead the Plus Power Trading team in pursuit of financial optimization for all Plus Power battery energy storage projects within an ISO.
Develop and improve processes for (a) load and price forecasting, (b) optimizing energy revenue in the Day Ahead and Real Time markets, and (c) improving tools & platforms used by the team.
Manage established hedge trading positions, including settlements, credit support, and P&L monitoring; Regularly evaluate hedging strategies for the projects and portfolio.
Provide consultative review of ISO asset contracting opportunities to ensure any long-term agreements align with market and asset strategy.
Regularly review market portfolios to identify risk elements; develop recommend strategies for risk mitigation and/or revenue enhancement.
Lead reporting of daily, weekly, monthly, and YTD positions and P&L.
Lead market entry for any new market trading operations including SPP and PJM.
Manage existing market counterparties and arrangements (ERCOT QSE and ISONE Lead Market Participant).
Retain and develop energy trading personnel to create an industry-leading energy trading function at Plus Power.
Monitor & automatically report daily market exposures and positions.
Perform analysis, drafts memos, and present profit and loss results to senior management.