Company overview
TransGrid Energy is a renewable energy company focused on investing, developing, owning and operating utility-scale battery energy storage systems and PV projects. TransGrid has a robust pipeline of projects under construction and in late-stage development, and the Company is actively expanding its energy asset portfolio across the United States.
As an affiliate company of Hanwha Group, a FORTUNE Global 500 company driven by a firm commitment to advancing the clean energy future, TransGrid Energy is striving to shape the renewable energy landscape by providing sustainable and reliable power solutions tailored to meet the energy needs of today and tomorrow.
POSITION OVERVIEW
TransGrid Energy is seeking an experienced and dynamic Director of Asset Optimization to lead the analysis and execution of merchant revenue streams, including energy, capacity, and Renewable Energy Credits (RECs), for operational Battery Energy Storage Systems (BESS) and solar assets. This role is responsible for developing risk mitigation strategies, negotiating bilateral commodity contracts, and managing the power markets analyst function. The Director of Asset Optimization will also set standards and ensure the delivery of comprehensive analytical support across U.S. power markets.
As a subject matter expert on Regional Transmission Organization (RTO) markets, Federal Energy Regulatory Commission (FERC) policies, and other regulations affecting solar and storage assets, the Director will collaborate extensively with internal teams and external stakeholders. The goal is to advance the company’s strategic objectives through detailed analysis, evaluation, and execution of both short-term and long-term goals in alignment with TGE’s strategic plan, vision, and values.
This role is responsible for the profit and loss (P&L) performance of TGE’s utility-scale BESS and solar assets, managing day-to-day operations, and ensuring close collaboration between the plant operations team and the commercial team.
RESPONSIBILITIES
- Lead tactical optimization efforts to maximize revenue from energy, capacity, and RECs for each asset in multiple wholesale markets, focusing on execution rather than strategic oversight.
- Execute commercial transactions for merchant energy, capacity, RECs, and other commodities, based on strategic frameworks and guidelines established by the Head of Asset Management.
- Develop and accomplish strategic goals for TGE’s BESS and solar assets, including maximizing merchant revenues, optimizing offtake agreements, and ensuring resource adequacy.
- Collaborate with a broad range of wholesale market participants, including utilities, trading companies, and independent power producers.
- Ensure that yearly, monthly, daily, and real-time optimization and revenue targets are met through effective coordination with Asset Management.
- Conduct tactical market analysis to support execution of revenue optimization strategies, focusing on immediate and short-term impacts on power markets.
- Work with other departments to assess the impact of contractual, market, and regulatory changes on TGE’s assets, develop recommendations, and advise executive leadership.
- Develop and implement initiatives to maximize the profitability of BESS and solar assets.
- Collaborate with various departments to support TGE’s corporate growth strategies, such as due diligence for project acquisitions, sell-downs, and project financing.
- Ensure accurate and timely financial reporting by coordinating with TGE’s finance and accounting teams.
- Maintain compliance with internal and external regulatory requirements.
- Conduct thorough quantitative and qualitative analyses of regulatory and policy changes to evaluate their effects on TGE’s assets and operations.
- Engage with industry experts, consultants, and operational personnel to support the development and implementation of TGE’s energy market strategies.
- Organize and lead management meetings to present recommendations for operational efficiencies.
- Hire, train, develop, and manage a team of high-performing staff.
- Lead and manage multiple high-profile projects concurrently, serving as the primary contact for internal and external stakeholders.
- Provide data-driven revenue optimization insights to C-suite executives to support strategic initiatives led by the Head of Asset Management.
- Perform other duties and special projects as assigned.
REQUIRED QUALIFICATIONS
- Bachelor’s degree or higher in business, economics, finance, environmental science, or a related field.
- Minimum of 10 years of experience in asset management, participation in organized wholesale markets, stakeholder processes, and energy market participation.
- Extensive experience in analyzing complex commercial and regulatory structures using data to support decision-making.
- Strong knowledge and experience with utility-scale battery and solar technologies.
- Proven track record of leading cross-functional project teams and managing multiple projects.
- In-depth understanding of energy markets, including deregulating markets related to both physical and regulatory structures.
TransGrid Energy is an Equal Opportunity / Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, age, or any other federally protected class.