About this role
Please note: Applicants should be UK based and already have the right to work here.
To lead the BESS commercial activities and team. To establish a deep understanding of wholesale power markets, the battery storage markets including their competitive landscape, relevant regulations and route to markets in markets where Masdar has and is expected to have a presence.
Define the route to market strategy and provide insight into how trading contracts should be negotiated and structured to optimise Masdar’s BESS revenue streams. Advise the team on how to incorporate AI and big data into commercial asset management processes.
Responsibilities
Develop a deeper understanding of BESS marketsBuild a knowledge base of the fundamentals of electricity markets, comprising of; the wholesale power markets, competitive landscape, pertinent regulatory developments and their evolution, for BESS markets globally, especially in those markets where Masdar has a presence or is expected to have a presence in the future. This will include understanding the different revenue streams battery storage (including specifics of RES support schemes, PPA's, capacity markets, ancillary services etc)Understand the impact of changes to regulatory frameworks and energy market designs and quantifying the effects of those changes on revenuesBuild internal market intelligence of the BESS markets and develop modelling capabilities to reduce reliance on external market advisors.Support the BESS team in the establishment of the BESS strategy in line with Masdar's vision, mission, and overall strategy.Analyse and present to senior managementMarket Modelling and analysis
Understand, analyse and provide all commercial inputs required for business models required for financial and investment decision makingAnalyse short/medium/long-term developments in various power markets based upon a thorough understanding of market fundamentals, regulatory developments, renewable penetration, storage growth etcInterpretation and ownership of any third party revenue curves and assumptions that are provided to Masdar as part of every day course of business but also specifically as part of M&A transactionsDevelop monetisation strategies
For both markets that Masdar has a presence or is expected to have a presence, create country specific monetisation strategies to maximise the revenues to Masdar taking in to account risk, credit, accounting tax considerations etcTeam management and supervision
Organize and supervise the activities and work of subordinates to ensure that all work within a specific team is carried out in an efficient manner which is consistent with operating policies and procedures.Provide on-the-job training and constructive feedback to subordinates to support their overall development.Management reporting on projects through project lifecycle especially the development processLiaise with energy storage teams to provide management reports on projects through the entire lifecycle.Track performance of developing and operational projects and ensure regular updates, management reporting and deviations from targeted plans and performance.Contribute to the development and delivery of projects through providing advice and inputs from a business development perspective, liaising with project delivery and technical teams to ensure that project objectives are met.Reporting and application of data/AI tools
Using big data and AI tools, develop a reporting strategy for the BESS including:
Asset performanceTrading performanceBESS LTSA (availability, RTE, capacity testing etc)Asset Management / O&M team Preferred Qualifications
Bachelor’s degree in Business Administration, Science, Engineering or any other energy or sustainability related fieldPreferred Experience
8 to 10 years of experience in roles involving utility scale renewable energy project development or large real estate projectsExperience in BESS commercial performance metricsExperience in managing teamsExperience in granular budgeting Job-Specific Skills
Exceptional attention to detailStrong communication skills and able to work in a dynamic fast paced, diverse environmentProven ability to manage multiple BESS projects from inception to RTBAdvanced project management and negotiation skillsProject finance, budgeting skillsContract administration and legal skillsAs part of the application process, we will collect, store and process personal information about you.
Masdar will use your personal information in accordance with our Candidate Privacy Notice, which provides details on the purposes for which your data is processed.