Manager, Power Market Optimization

Manager, Power Market Optimization

We are Lightsource bp – and we’re on a mission to become a global leader in onshore renewables, anchored by our proven track record in solar development.
For over a decade we’ve been actively working to diversify the way our world is powered with sustainable and responsible renewable power. We work to safely deliver affordable, reliable, large-scale onshore renewable and energy storage solutions to help the world decarbonize.

Our growing business is constantly innovating and investing to help drive the energy transition. Our people and projects are focused on supporting long-term sustainable growth and energy security.
Lightsource bp was fully acquired by bp in 2024.

This is a hybrid position based at a Lightsource bp office; Denver, Austin, or San Francisco. Tuesdays, Wednesdays, and Thursdays are in office, Mondays and Fridays remote.

What You’ll do

Manage merchant revenue streams such as capacity and RECs for operational LSbp US projects and associated risk mitigation market strategies. Negotiate bilateral commodities contracts. Be a subject matter expert on revenue risks and mitigations, as well as RTO markets and policies and regulations impacting solar and storage development. Collaborate with Asset Services and the Investment Management team to optimize the portfolio of operational assets.
Duties and Responsibilities
• Structure commercial transactions for merchant energy, capacity, RECs and/ or other commodities, across various regions and tenors, with a focus on short term optimization
• Work with a wide range of wholesale market counterparts such as utilities and trading firms to negotiate deals
• Support the revenue management and optimization of the current portfolio of assets, including management of Day Ahead-Real Time spread, and basis/congestion
• Develop, implement and monitor FTR strategy based on fundamentals analysis
• Demonstrate effective communication skills, both orally and written, when sharing work product with internal and external stakeholders.
• Support ISO/RTO asset registration, credit requirements, participation requirements
• Support RFP responses and PPA negotiations in collaboration with origination team

Who we’re looking for

Knowledge
• Strong understanding of major power markets and short-term risk optimization with focus on renewable energy.
• Understanding of utility-scale solar and storage development processes and financing structures
• Effective communication and presentation skills, both oral and written
• Experience working across teams and functions to deliver results
• Ability to efficiently and effectively articulate complex and ambiguous information in a concise and accurate manner
• Strong results and detail orientation
• Comfort working in fast-paced environments
Qualifications
• Bachelor’s degree required, Master’s degree is a plus
Experience
• 5-8 years’ experience in power markets, preferably in the storage, solar or clean energy industry
• Strong understanding of energy markets structures and value streams, including energy, Renewable Energy Certificate (RECs), capacity and ancillary services
• Experience negotiating transactions with counterparties across the industry
• Understanding of renewable project fundamentals including project development, business development, financing
• Experience with analytical frameworks, relational databases, and PowerBI visualization is a plus
• Board-level communication experience is a plus

Why you’ll make a great member of the team

Personal qualities
• Solid understanding of energy markets and commodities products
• Strong commercial acumen and business development skills
• Strong interest in current and future market trends in energy industry, particularly for utility-scale solar and storage technologies
• Self-starter and highly motivated to be a strong team contributor
• Ability to handle complex and highly ambiguous scopes of work
• Ability to effectively and efficiently prioritize work with minimal supervision
• Flexible approach to addressing opportunities and challenges in a fast-paced business environment, while maintaining a professional demeanor

We offer

• Competitive compensation: $130,000 to $150,000 annually plus a 15% annual bonus.
• Health, dental, prescription, and vision care for US team members starts on your first day of employment with zero premiums for employee-only coverage.
• Retention bonuses
• Four weeks of vacation and three weeks of sick leave annually plus 11 paid holidays
• 401(k) plan, with a 3% nonelective employer contribution.
• Hybrid working environment (Tuesday, Wednesday & Thursday in office, Monday and Friday remote)
• Monthly personal phone bill reimbursement of up to $100 and a monthly commuter benefit of up to $150.
• Lifestyle Savings Account and more!

Why you’ll want to work with us

Our company is a place where you can be yourself and grow – a place where your ideas and opinions matter.
Be you: We pride ourselves on being an inclusive community, where every individual is valued and treated with respect.
Be responsible: Our culture is driven by our core values. From operating safely to ensuring our solar projects are responsible and promote biodiversity.
Be recognized: Alongside a competitive salary, we offer a variety of benefits including annual bonus, retention bank, health insurance, pension, and other local benefits.
Be inspired: Join an agile, international team working across 15 countries to power the future and positively impact people, communities, ecosystems and biodiversity across the world.
Our core values: Lightsource bp truly cares about creating a sustainable future through safe, responsible and meaningful low-carbon energy projects. Our core values of Safety, Integrity, Respect, Sustainability and Drive are the guiding principles for everything we do.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to LSbp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.