Vice President, PPA Origination | Renewable Energy & Battery Storage

Our client is a leading independent power producer (IPP) specializing in developing, owning and operating utility scale energy storage projects. Their development pipeline is approximately 10GW with around 2GW in operation/late storage development. As a result of this growth, they need a dynamic Vice President of Power Origination to lead efforts in identifying and securing new opportunities for growth.

Position Overview:

As the Vice President of Power Origination, you will be responsible for spearheading the development and execution of our power origination strategy. This role requires a strategic leader with a deep understanding of the energy storage market, strong industry relationships, and a proven track record in structuring and negotiating power purchase agreements (PPAs) and other key contracts. You will play a crucial role in driving the growth of our energy storage portfolio and establishing [Company Name] as a leader in the sector.

Key Responsibilities:

Strategic Leadership:

• Develop and implement the company’s power origination strategy to achieve growth targets and expand our energy storage portfolio.
• Identify and evaluate new business opportunities, market trends, and emerging technologies to inform strategic decision-making.

Market Development and Relationship Management:

• Build and maintain strong relationships with key stakeholders, including utilities, Independent System Operators (ISOs), government agencies, and industry partners.
• Represent [Company Name] at industry conferences, trade shows, and other events to enhance our market presence and establish strategic partnerships.

Deal Structuring and Negotiation:

• Lead the negotiation and structuring of power purchase agreements (PPAs), capacity contracts, and other commercial agreements.
• Collaborate with legal, finance, and technical teams to ensure favorable terms and successful deal execution.

Project Pipeline Development:

• Oversee the identification and evaluation of potential project sites and opportunities for energy storage projects.
• Drive the development of a robust project pipeline by coordinating with internal teams and external partners.

Financial and Risk Management:

• Assess the financial viability and risk profile of potential projects, including conducting financial modeling and analysis.
• Develop and manage budgets for origination activities, ensuring alignment with overall company objectives.

Team Leadership and Development:

• Build, mentor, and lead a high-performing team of power origination professionals.
• Foster a collaborative and innovative work environment that drives performance and professional growth.

Regulatory and Policy Advocacy:

• Stay informed about regulatory changes and policy developments affecting the energy storage sector.
• Advocate for favorable policies and regulations that support the growth of the energy storage industry and [Company Name]’s business objectives.

Qualifications:

• Bachelor’s degree in Engineering, Business Administration, Energy Management, or a related field; advanced degree or MBA preferred.
• Minimum of 10 years of experience in the energy sector, with a focus on power origination, energy storage, or related areas.
• Proven track record of successfully negotiating and closing complex power purchase agreements (PPAs) and other commercial contracts.
• Strong network and relationships within the energy storage industry, utilities, and regulatory agencies.
• Excellent strategic thinking, problem-solving, and analytical skills.
• Exceptional communication and interpersonal skills, with the ability to influence and build relationships at all organizational levels.
• Experience in managing and leading teams effectively.

Why Join Us:

• Opportunity to lead and shape the growth of a leading energy storage IPP.
• Competitive compensation package, including salary, bonus, and equity opportunities.
• Comprehensive benefits package, including health insurance, retirement plans, and professional development support.
• Collaborative and innovative work environment with a commitment to sustainability and advancing clean energy solutions.