Settlement Analyst – Battery Storage

Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power’s team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.

At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power’s culture and excels through our game-changing mission and supportive ecosystem.

About the Role

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.

In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand.  Energy storage is the enabler of high penetration variable renewable generation like solar and wind.

We are looking for a Settlement Analyst to lead the confirmation, reconciliation, and settlements for its ERCOT operating assets. The successful candidate will be a highly motivated, self-directed, and disciplined analyst. The position will focus on all settlement transactions in ERCOT.

Responsibilities

• Coordinate with trading counterparties and RTOs/ISOs to validate and resolve any discrepancies in settlement invoices.
• Prepare Power settlements checkout.
• Perform daily independent validation/shadow settlements and verify all RTOs/ISOs/Counterparty settlement amounts.
• If applicable, ensure all physical trades with counterparties are properly captured and perform as-needed checkouts with counterparties prior to scheduling with RTOs/ISOs.
• Participate in daily, weekly, and monthly settlement of physical and financial trading activities (Accounts Payable/Receivable).
• Check physical and derivatives confirmations from counterparties/brokers and communicate to commercial teams any disparities.
• Provide training and support regarding Plus Power’s processes and procedures as needed.

Qualifications

• Minimum BA/BS in a quantitative discipline; Computer Science is preferred
• Minimum of 2+ years of applicable work experience in the energy sector
• Power settlement experience is strongly preferred; ERCOT experience a plus
• Familiarity/Experience with battery energy storage system is preferred, but not required
• Strong verbal and written communication skills required
• Excellent communication and interpersonal skills
• Ability to explain complex technical analysis in a simplified matter to the internal management team and/or external parties
• Ability to define problems, collect data, establish facts, and draw valid conclusions
• Demonstrated ability to work well in a cross-functional environment with both technical and non-technical team members
• Ability to effectively use Microsoft Office products – Word, Excel, Power Point
• Proficiency in Excel with Python, SQL, and PowerBI is preferred
• Ability to commute into our office in The Woodlands, Texas

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America’s leading energy storage developers, owners and operators. Flexible, work from home or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.

The expected salary range* for this position begins at $100,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.

Plus Power offers a comprehensive benefits program, unlimited vacation, flexible remote work, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth.

*The deadline for applying to this role is 9/16/2024*

Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

• This information is provided in accordance with applicable law.