Sr. Energy Trader

Gridstor is seeking a Sr. Energy Trader to manage and optimize its ERCOT trading portfolio, focusing on battery energy storage systems (BESS). Responsibilities include executing trading strategies, analyzing market conditions, managing risk, and ensuring compliance with regulations. The position requires collaboration with various teams to enhance trading tools and strategies. The role is based in Lakewood, CO, indicating it is not a remote job.
Company Overview:

Grid Stor is a rapidly growing, grid-scale energy storage developer, owner and operator backed by Goldman Sachs Asset Management ("GSAM") and led by experienced clean energy industry professionals. We acquire and develop battery storage projects in markets across North America. Grid Stor's mission is to accelerate the transition to a carbon-free, resilient grid by rapidly deploying stand-alone energy storage dStor is based in Portland, Oregon, and offers competitive compensation and a wide selection of benefits including unlimited paid time off.

Read more about life at Grid Stor at: careers/Role

Summary:

Grid Stor is looking for an experienced Sr. Energy Trader to join our team. This position is responsible for trading, scheduling, and managing the risk of Grid Stor's ERCOT trading portfolio. The successful candidate will execute trading strategies, analyze market fundamentals, manage risk, and ensure compliance with all regulatory requirements and company policies and protocols. The Sr. Energy Trader will be responsible for managing and growing the group's capabilities to optimize the daily trading and dispatch of its battery energy storage systems (BESS) in power markets, with an initial concentration in ERCOT.

Key Responsibilities:

Responsible for trading and optimizing Grid Stor's battery energy storage system (BESS) assets in ERCOT.Determine and execute optimal trading positions in coordination with BESS dispatch capabilities, including buy/sell commitments for real-time, day ahead, and ancillary services markets, in conjunction with various proprietary and third-party software and forecasts.

Monitors variables including supply/demand, weather, development and structural risks that influence pricing, availability, and exposures.

Work with Origination & Marketing, Analytics, and Risk Committee in analyzing and evaluating complex transactions to ensure that risks and benefits are appropriately identified and priced, as well as the contractual terms are favorable to and consistent with company risk policies.

Work with Analytics, IT, and third-party vendor(s) to develop, enhance, and maintain the optimization and analysis tools required for effective trading.

Work with Asset management and Engineering teams in coordinating asset maintenance schedules and submit and/or adjust outage tickets as needed.

Assist in risk management to align trading strategies with overall company risk policies.

Continuously make recommendations on the appropriate risk approach as the business grows and the market evolves.

Develop BESS trading & bidding strategies based upon proprietary applications, forecast inputs, knowledge of market design and BESS technology constraints to determine optimal market deployments of BESS on a day-to-day basis.

Implement process to execute daily trading & scheduling decisions for next-day BESS operation in the ERCOT market. Scheduling options will include hourly commitments in the Day-Ahead Energy Market, Day-Ahead Ancillary Service market, or allocation of capacity into the Real-time market for price-based

that BESS assets are scheduled and managed in the most effective manner under prevailing market rules and establish ongoing performance process to continuously track BESS performance, compliance, and charging/discharging cash-flows.

Leverage your skills in statistical analysis, market fundamentals, ISO protocols (ERCOT, CAISO a plus), and regulatory issues to drive the insights into historical and forward pricing curves for power, ancillary services, renewable energy credits, and all other cost components of retail electricity products.

Establish communication protocols to minimize any gaps between BESS commercial operations activities analysis/scheduling/market commitment and BESS asset management activities deployment/dispatching/performance.

Monitor and evaluate ISO proposals regarding operating rules for BESS market participation, particularly with respect to new Real Time Co-optimization rules currently under discussion by ERCOT stakeholders.

Analyze market data to develop expertise regarding ISO dispatch processes, ancillary service market dynamics, and strategies to use market tools to manage risks of limited-duration exposure (e.g. the ability to manage exposure through a portfolio of multiple BESS assets)
Articulate with Mid-Office the development and improvement of the risk metrics, and the proper representation of assets and existing hedges s in our management systems.

Collaborate with the Analytics and Solutions Architect teams to develop and automate iterations to existing algorithms for BESS operations & optimization modeling solutions.

Support Asset Management & leadership through evaluation and recommendation of new operating strategies for battery storage, such as revised bidding and hedging strategies

Coordinate with T&I team to simulate scenarios, analyze results, and propose strategies to hedge congestion. Support Business Development teams, offering views on particular ISOs…