Battery Storage Portfolio Management Manager

ENGIE Global Energy Management and Sales (GEMS) is responsible for managing the portfolio of gas, electricity, congestion revenues rights and environmental products for ENGIE, across geographies. More recently, GEMS has extended his scope to also manage all the market risks (energy, congestion, RECs, ancillaries) generated by the Renewable and Battery Storage Assets owned by ENGIE North America, which includes wind farms, solar farms, and storage units. The Power Portfolio Management team is precisely the group in charge of these activities.

The Battery Storage Portfolio Manager will be responsible for managing and growing the groups capabilities to optimize the daily trading and dispatch of its battery energy storage systems (BESS) in power markets, with an initial concentration in ERCOT. Regular duties include (i) determining and executing 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, (ii) interfacing with the Real Time desk & scheduling systems to implement market positions and timely submit plans and associated adjustments, and (iii) coordinating market activities with the company’s risk management policies and procedures. Primary ongoing responsibility is to capture learnings from operations and implement into daily trading decisions and optimization applications.

As an integral part of this team, the Battery Storage Portfolio Management Advisor performs a series of tactical and strategic actions focused on maximizing assets’ P&L while preserving healthy risk levels.

This position sits in Houston, TX and will report to the Head of Battery Storage Portfolio Management for North America.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed

What You’ll Do

• 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 dispatch
• Coordinate with the Real Time desk to ensure that BESS assets are scheduled and managed in the most effective manner under prevailing market rules, and establish ongoing performance process with the RT desk to continuously track BESS performance, compliance, and charging/discharging cash-flows
• Leverage your skills in statistical analysis, market fundamentals, ISO protocols (ERCOT), 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 Risk Group 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 Optimization & Analytics Engineers to develop and automate iterations to existing algorithms for BESS operations & optimization modeling solutions.
• Support the Portfolio Mgmt. group & leadership through evaluation and recommendation of new operating strategies for battery storage, such as revised bidding and hedging strategies
• Perform performance analysis and review of all BESS market activities and outcomes in energy and ancillary service markets to support ongoing improvement in BESS performance and market positioning, and to provide information to other internal Engie teams & business units (Settlements, Operations, Asset Management) to inform BESS performance assessments.
• Coordinate with our Congestion Modeling teams to simulate scenarios, analyze results, and propose strategies to hedge congestion (of the storage itself, but also other ENGIE renewable assets)
• Support Business Development teams, offering views on particular ISOs protocols, regional congestion landscape, price of the products commercialized, available incentives, etc.

What You Bring

• Bachelor degree in a quantitative discipline
• A minimum of seven (7) years of experience in business
• A minimum of three (3) years of experience in control room operations, power trading, generation scheduling would be a strong plus.
• Experience in the market structure and protocols of ERCOT (a knowledge of a second market is highly appreciated)
• A preferred statistical foundation would be a strong Plus. (i.e., Linear Regressions, Multivariate Statistics, etc.)
• Experience using: Excel (with VBA) and Python (SQL is a great differential)
• Resourceful, ability to use a variety of tools, data sources, and systems; and inherent curiosity to procure and test new resources
• Deadline driven with project management skills for cross-organizational coordination
• Ability to manage multiple competing priorities on a timely basis with a high degree of accuracy

Additional Information/Conditions

• Must be eligible to work for any U.S. employer without the need for sponsorship now or in the future
• Ability to meet highest attendance requirements
• Ability to communicate effectively, both written and verbally
• Ability to handle multiple assignments on a timely basis with a high degree of accuracy
• Ability to use a company computer, calculator
• Reasonable accommodations may be made to enable individuals with the needed assistance to perform the essential functions
• Eligible for a hybrid schedule consisting of in-office and work-from-home opportunities

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

Unite with us in leading the transformation of the world of energy! ENGIE is looking for talented and motivated individuals to create the future of energy and customer solutions. Join a rewarding and flexible work environment that encourages innovation and creativity to help customers meet their energy challenges today and in the future. Are you up for the challenge?

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment. All employment decisions at ENGIE are based on business needs, job requirements, and individual qualifications. ENGIE is committed to providing equal employment opportunities regardless of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship, age, sex or gender (including pregnancy, childbirth, and related medical conditions), gender identity, or gender expression (including transgender status), sexual orientation, marital status, civil union, or domestic partnership status, military service or veteran status, physical or mental disability, protected medical condition, genetic information, or any other legally protected category (referred to as “protected characteristics”) as defined by applicable federal, state or local law in the locations where we operate.

• Salary Range: $114,135 – $191,100 USD, annually
• Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors
• In addition to salary, this position is eligible for a competitive bonus / incentive plan
• At ENGIE we understand that benefits matter, we offer competitive benefit options including medical, dental and vision coverage, life insurance, employer paid short-term and long-term disability insurance, paid vacation, holidays, sick leave, parental leave, and a 401(k) Retirement Savings Plan option with a company match
• More information can be found here: Discover our employee benefits

ENGIE complies with all federal, state, and local minimum wage laws.

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