Vice President, Corporate and Project Development

Xcel Energy•Minneapolis, MN

22h

About The Position

The VP of Corporate and Project Development will lead strategic initiatives across four key domains: Corporate Development, Purchased Power, Project Development, and Carbon-Free Technology and Commercialization. This executive will be instrumental in leading generation and other growth investments (e.g. $15-20bn of 5-year generation investment and managing one the industry’s leading project pipelines (10GW+)), driving the commercialization of new technologies and innovation, and positioning the utility as a leader in the clean energy transformation while meeting the demands of new load growth. The following functions will report to the VP: Corporate Development, Project Development, Purchased Power, and Carbon Free Technology Innovation and Commercialization. Xcel Energy is a leading combination electricity and natural gas energy company, offering a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. The company strives to be the preferred and trusted provider of the energy its customers need.

Requirements

Bachelor's degree in technical or financial field
12-15 or more years of business development, corporate development, utility, regulatory or equivalent experience in finance, strategy development and project development
Excellent written and oral communication skills
Proven analytical and financial analysis capabilities
Strong negotiating skills
Capable of integrating technical, managerial, and business judgment
Ability to interact effectively with executive level management and the Board of Directors
Ability to work well within a team, and to successfully lead and interact with individuals at all levels of the organization
Experience in or extensive knowledge of an energy related field

Nice To Haves

MBA strongly desired

Responsibilities

Lead strategic initiatives across four key domains: Corporate Development, Purchased Power, Project Development, and Carbon-Free Technology and Commercialization
Lead generation and other growth investments (e.g. $15-20bn of 5-year generation investment and managing one the industry’s leading project pipelines (10GW+))
Drive the commercialization of new technologies and innovation
Position the utility as a leader in the clean energy transformation while meeting the demands of new load growth
Lead and develop the corporate and project development teams responsible for negotiating and executing mergers, acquisitions, and divestitures along with asset project development
Lead efforts to evaluate, recommend, and develop strategic growth opportunities in coordination with senior leadership
Develop and execute asset-level strategies focused on renewable energy (solar, wind, batteries), dispatchable generation, carbon-free technologies (e.g. geothermal, long-duration storage, hydrogen), and other infrastructure investments to enhance long term growth and positioning in the market for the company
Develop and manage a methodology for assessment and review of the business portfolio for financial contribution and strategic fit
Implement and manage a process for the screening and evaluation of business development opportunities and competitive threats
Lead the strategic planning, development, and execution of utility-scale renewable and dispatchable generation projects
Define and execute the long-term strategy for renewable (wind, solar, storage), gas and emerging carbon free generation development, aligning with corporate decarbonization goals and integrated resource plans
Direct and coordinate all phases of project development including site selection, permitting, interconnection, supply chain selection, scheduling and cost estimating and stakeholder engagement
Lead a multidisciplinary team including project managers, engineers, schedulers, and cost controllers
Oversee organizational design and talent development to support growth and execution capacity
Direct the management, administration, negotiation, renegotiation, restructuring, acquisition, and on-going operation of long-term purchased power contracts for Xcel Energy's four utility operating companies
Develop purchased power strategies including compliance with currently evolving regulatory and legislative initiatives
Responsible for over $1.5 billion per year of purchased power
Provide strategic leadership of activities related to innovation, demonstration, and commercialization/scaling of emerging technologies for the utility industry
Lead the team responsible for interactions with external venture capital, business incubators, governmental/non-governmental research groups, and others to identify and prioritize innovative technologies, operational practices, and business innovation strategies that could be applied across Xcel Energy (XE)
Collaborate with internal teams and technology providers to pilot, test, scale and/or commercialize technology and implement innovative ideas and business practices
Engage in research, development, deployment, and full implementation of innovative new technologies across all of XE's operating units and jurisdictions to create business value