Manager, Clean Energy Portfolio Management Job at FirstLight Power
About Us
FirstLight is a leading clean power producer and energy storage company with operating and development assets in New England (ISO NE), Pennsylvania and New Jersey (PJM), and New York (NYISO), with expansion to other regions actively underway. Our operating portfolio includes nearly 1.4 GW of pumped-hydro storage (including Northfield Mountain, the largest energy storage facility in New England), battery storage, conventional hydroelectric generation, and solar generation—the largest clean energy generation portfolio operating in New England today.
Our development pipeline includes over 1,000 MW of solar, battery and offshore wind projects in various stages of development, and we are developing a portfolio of hybrid hydro, solar and battery projects that combine operational and development assets. We have approximately 125 employees based in Massachusetts, Connecticut, and Pennsylvania, and our corporate headquarters are located in Burlington, MA.
Our mission and vision is to accelerate the decarbonization of the electric grid by developing, owning, operating, and integrating large-scale renewable energy and storage assets to meet the world's growing clean energy needs and to deliver an electric system that is clean, reliable, affordable, and equitable.
Building upon our industry-leading experience in operating large-scale renewable energy and storage assets, FirstLight's vision and commitment to leading the energy industry transformation make us uniquely positioned to navigate rapidly evolving market conditions and grow our portfolio in North American markets in the years ahead.
Position
Reporting to the Senior Vice President, Commercial, the Manager of Clean Energy Portfolio Management will be responsible for leading the commercial portfolio management efforts for the North American market across multiple technologies and projects. The position plays a key role in building and maintaining relationships with Customers, ISO's and brokers in different power markets. The Manager of Clean Energy Portfolio Management will lead the efforts to identify and implement non-traditional value creating opportunities to increase overall margins for FLP's clean energy and energy storage portfolio.
FirstLight is focused on evolving its Portfolio Management strategy to cover both its existing operating assets as well as its newer and growing pipeline of development assets, which together include hydro, storage, solar and wind technologies. This role will have a unique opportunity to develop our 24hr Real Time desk to offer our portfolio management as a commercial service. FirstLight is actively undergoing a number of expansion efforts that will require a nimble and forward-looking vision to ensure we stay at the forefront of evolving markets for renewable and energy storage projects. With this position we are seeking a driven and creative leader to help build an industry-leading clean energy portfolio management function.
This position will work closely with the Commercial, Business Development, Corporate Strategy, Finance, Regulatory and Operations teams. As a leader in the organization, the Manager of Clean Energy Portfolio Management will help lead a team committed to delivering value for our portfolio of assets.
This position does not currently supervise any direct reports, but FirstLight anticipates growth potential in the future as the company continues its current aggressive growth trajectory.
Key Responsibilities Include
In an effort to protect the health and safety of our employees and the communities we serve, FirstLight will require all new employees to be fully vaccinated against COVID-19. This is a necessary goal, as part of our efforts, to provide a safe and healthy workplace for our employees.
In reference to CDC guidance, individuals are considered fully vaccinated against COVID-19:
FirstLight provides equal employment opportunities to all employees and applicants without regard to race, color, religion, gender, age, sexual orientation, national origin, ancestry, disability, genetics, veteran status or any other characteristic protected by state, federal and local laws. In addition to federal law requirements, FirstLight complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions.
In addition, FirstLight values the following characteristics and behaviors in our team members:
We consider our employees to be FirstLight's most valuable resource and we strive to provide a challenging, collegial, and rewarding workplace. FirstLight embraces a company-wide commitment to recruit, develop and retain a dedicated, diverse, and engaged workforce that is motivated to be ever better both professionally and personally.
Joining the FirstLight team is an opportunity to experience a unique and exciting culture. Some of our benefits include:
Want to learn more about FirstLight? Check us out below!
Diversity Jobs LinkedIn Our Website
Please Note :
epokagency.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, epokagency.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.
FirstLight is a leading clean power producer and energy storage company with operating and development assets in New England (ISO NE), Pennsylvania and New Jersey (PJM), and New York (NYISO), with expansion to other regions actively underway. Our operating portfolio includes nearly 1.4 GW of pumped-hydro storage (including Northfield Mountain, the largest energy storage facility in New England), battery storage, conventional hydroelectric generation, and solar generation—the largest clean energy generation portfolio operating in New England today.
Our development pipeline includes over 1,000 MW of solar, battery and offshore wind projects in various stages of development, and we are developing a portfolio of hybrid hydro, solar and battery projects that combine operational and development assets. We have approximately 125 employees based in Massachusetts, Connecticut, and Pennsylvania, and our corporate headquarters are located in Burlington, MA.
Our mission and vision is to accelerate the decarbonization of the electric grid by developing, owning, operating, and integrating large-scale renewable energy and storage assets to meet the world's growing clean energy needs and to deliver an electric system that is clean, reliable, affordable, and equitable.
Building upon our industry-leading experience in operating large-scale renewable energy and storage assets, FirstLight's vision and commitment to leading the energy industry transformation make us uniquely positioned to navigate rapidly evolving market conditions and grow our portfolio in North American markets in the years ahead.
Position
Reporting to the Senior Vice President, Commercial, the Manager of Clean Energy Portfolio Management will be responsible for leading the commercial portfolio management efforts for the North American market across multiple technologies and projects. The position plays a key role in building and maintaining relationships with Customers, ISO's and brokers in different power markets. The Manager of Clean Energy Portfolio Management will lead the efforts to identify and implement non-traditional value creating opportunities to increase overall margins for FLP's clean energy and energy storage portfolio.
FirstLight is focused on evolving its Portfolio Management strategy to cover both its existing operating assets as well as its newer and growing pipeline of development assets, which together include hydro, storage, solar and wind technologies. This role will have a unique opportunity to develop our 24hr Real Time desk to offer our portfolio management as a commercial service. FirstLight is actively undergoing a number of expansion efforts that will require a nimble and forward-looking vision to ensure we stay at the forefront of evolving markets for renewable and energy storage projects. With this position we are seeking a driven and creative leader to help build an industry-leading clean energy portfolio management function.
This position will work closely with the Commercial, Business Development, Corporate Strategy, Finance, Regulatory and Operations teams. As a leader in the organization, the Manager of Clean Energy Portfolio Management will help lead a team committed to delivering value for our portfolio of assets.
This position does not currently supervise any direct reports, but FirstLight anticipates growth potential in the future as the company continues its current aggressive growth trajectory.
Key Responsibilities Include
- Lead efforts to identify and implement non-traditional value creating opportunities to increase overall margins for FLP's clean energy and energy storage portfolio.
- Assist Strategy/Business Development team with asset valuations and post-acquisition/development asset integration
- Develop and implement short-term and long-term hedging strategies for RECs and Power
- Assist origination team in structuring and negotiating complex sales transactions, long term Power Purchase Agreements (PPAs) with utilities and C/I customers for both FLP's existing generation portfolio and projects in development pipeline.
- Support the optimization of relationships with procurement teams at universities, trading and origination desks, utilities, municipalities, cooperatives, and C&I off-takers
- Maintain expert working knowledge of North American wholesale commodity market fundamentals and ISO/RTO protocols
- Oversee reporting on market activity and performance metrics to internal/external leadership teams
- Establish relationships with procurement, trading and origination desks at public and private utilities, Munis, coops, C&I off-takers (corporates), and marketers
- Drive power marketing “ideas” to definitive deliverables (financial models, term sheets, contracts) and timetables for execution
- RFP & Proposal Development - Identify RFP opportunities and originate bilateral PPA targets outside formal RFP processes
- Act as a collaborative, collegial and engaged team member of FirstLight
- Possess a passion for delivering innovative solutions to the challenge of moving the world to a clean energy future as fast as possible
- Carries out other duties as assigned
- Complies with all FirstLight Power policies and procedures
- Advanced Degree preferred.
- 5 + years of experience in Asset Management and management roles.
- Possess deep power markets expertise in ISO-NE, PJM, NYISO
- Knowledge of and experience in over-the-counter forward markets, physical markets, and/or future markets.
- Experience working in CAlSO, ERCOT, PJM, MISO, SPP, NYISO, ISO-NE, IESO (Ontario) and bilateral markets is preferred.
- Understanding of concepts including basis risk, power markets, hedging, losses, and congestion
- Ability to build strong customer relationships across organization levels
- Capable leader who can effectively manage others to high performance
- A driven leader who is highly motivated and hard-working with high standards for self and others
- Resourceful and comfortable operating in an entrepreneurial environment
- Ability to communicate effectively, both written and verbally.
- Ability to handle multiple assignments on a timely basis with a high degree of accuracy.
- Knowledge of various structured markets and bilateral physical markets
In an effort to protect the health and safety of our employees and the communities we serve, FirstLight will require all new employees to be fully vaccinated against COVID-19. This is a necessary goal, as part of our efforts, to provide a safe and healthy workplace for our employees.
In reference to CDC guidance, individuals are considered fully vaccinated against COVID-19:
- 2 Weeks after their second dose in a 2-dose series (i.e., Pfizer-BionNTech or Moderna Vaccines); or
- 2 Weeks after a single-dose vaccine (i.e., Johnson & Johnson's Janssen Vaccine)
FirstLight provides equal employment opportunities to all employees and applicants without regard to race, color, religion, gender, age, sexual orientation, national origin, ancestry, disability, genetics, veteran status or any other characteristic protected by state, federal and local laws. In addition to federal law requirements, FirstLight complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions.
In addition, FirstLight values the following characteristics and behaviors in our team members:
- Respect: Showing respect for each other and the environment, fostering an inclusive and diverse team of employees, and providing a strong commitment to social responsibility
- Integrity: Exemplifying integrity in all business decisions highlighted through honesty, transparency, and trust.
- Safety: Providing a safe environment for our employees and for all visitors to our recreational facilities.
- Excellence: Continually striving to achieve the greatest level of operational excellence so that we produce the highest quality output and consistently deliver results.
- Innovation: Dedication to creating new market-leading solutions to stay ahead of unprecedented changes in the energy industry.
- Team: Creating an inspiring workplace that fosters open communication, collaboration, and accelerates personal growth. We seek to attract, retain, and develop the best talent in the industry to fuel our success. Diversity is a strategic advantage we need to cultivate.
We consider our employees to be FirstLight's most valuable resource and we strive to provide a challenging, collegial, and rewarding workplace. FirstLight embraces a company-wide commitment to recruit, develop and retain a dedicated, diverse, and engaged workforce that is motivated to be ever better both professionally and personally.
Joining the FirstLight team is an opportunity to experience a unique and exciting culture. Some of our benefits include:
- Comprehensive Medical, Dental, Vision, Life, and Disability Insurance
- Health Savings Accounts & Flexible Spending Accounts
- Employee Assistance Program
- 401(k) Program with Employer Matching
- Paid Time Off
- Tuition Reimbursement
- Professional Development
- Annual Performance Incentive Plan
- Employee Referral Program
- Charitable Matching & Employer-Sponsored Volunteer Programs
- And so much more!
Want to learn more about FirstLight? Check us out below!
Diversity Jobs LinkedIn Our Website
Please Note :
epokagency.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, epokagency.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.