The posting
Company Description
Established in 2006, Masdar (Abu Dhabi Future Energy Company) is a global clean energy leader, transforming how the world produces and consumes energy through bold innovation and commercial excellence.
Masdar is a clean energy investor, developer and operator, advancing renewable energy projects across key markets and technologies, with a global project portfolio capacity to date of over 51 gigawatts (GW).
Jointly owned by TAQA, ADNOC and Mubadala, Masdar is driving the scale-up of renewables worldwide, targeting a portfolio capacity of 100GW by 2030.
Job Description
Please note: Applicants should be UK based and already have the right to work here.
To lead the BESS commercial activities and team. To establish a deep understanding of wholesale power markets, the battery storage markets including their competitive landscape, relevant regulations and route to markets in markets where Masdar has and is expected to have a presence.
Define the route to market strategy and provide insight into how trading contracts should be negotiated and structured to optimise Masdar’s BESS revenue streams. Advise the team on how to incorporate AI and big data into commercial asset management processes.
Responsibilities
- Develop a deeper understanding of BESS markets
- Build a knowledge base of the fundamentals of electricity markets, comprising of; the wholesale power markets, competitive landscape, pertinent regulatory developments and their evolution, for BESS markets globally, especially in those markets where Masdar has a presence or is expected to have a presence in the future. This will include understanding the different revenue streams battery storage (including specifics of RES support schemes, PPA's, capacity markets, ancillary services etc)
- Understand the impact of changes to regulatory frameworks and energy market designs and quantifying the effects of those changes on revenues
- Build internal market intelligence of the BESS markets and develop modelling capabilities to reduce reliance on external market advisors.
- Support the BESS team in the establishment of the BESS strategy in line with Masdar's vision, mission, and overall strategy.
- Analyse and present to senior management
Market Modelling and analysis
- Understand, analyse and provide all commercial inputs required for business models required for financial and investment decision making
- Analyse short/medium/long-term developments in various power markets based upon a thorough understanding of market fundamentals, regulatory developments, renewable penetration, storage growth etc
- Interpretation and ownership of any third party revenue curves and assumptions that are provided to Masdar as part of every day course of business but also specifically as part of M&A transactions
Develop monetisation strategies
- For both markets that Masdar has a presence or is expected to have a presence, create country specific monetisation strategies to maximise the revenues to Masdar taking in to account risk, credit, accounting tax considerations etc
Team management and supervision
- Organize and supervise the activities and work of subordinates to ensure that all work within a specific team is carried out in an efficient manner which is consistent with operating policies and procedures.
- Provide on-the-job training and constructive feedback to subordinates to support their overall development.
- Management reporting on projects through project lifecycle especially the development process
- Liaise with energy storage teams to provide management reports on projects through the entire lifecycle.
- Track performance of developing and operational projects and ensure regular updates, management reporting and deviations from targeted plans and performance.
- Contribute to the development and delivery of projects through providing advice and inputs from a business development perspective, liaising with project delivery and technical teams to ensure that project objectives are met.
Reporting and application of data/AI tools
Using big data and AI tools, develop a reporting strategy for the BESS including:
- Asset performance
- Trading performance
- BESS LTSA (availability, RTE, capacity testing etc)
- Asset Management / O&M team
Qualifications
Preferred Qualifications
- Bachelor’s degree in Business Administration, Science, Engineering or any other energy or sustainability related field
Preferred Experience
- 8 to 10 years of experience in roles involving utility scale renewable energy project development or large real estate projects
- Experience in BESS commercial performance metrics
- Experience in managing teams
- Experience in granular budgeting
Additional Information
Job-Specific Skills
- Exceptional attention to detail
- Strong communication skills and able to work in a dynamic fast paced, diverse environment
- Proven ability to manage multiple BESS projects from inception to RTB
- Advanced project management and negotiation skills
- Project finance, budgeting skills
- Contract administration and legal skills
As part of the application process, we will collect, store and process personal information about you.
Masdar will use your personal information in accordance with our Candidate Privacy Notice, which provides details on the purposes for which your data is processed.
