Associate Portfolio Manager
Cypress Creek RenewablesChicago, Illinois
Full Time
Posted March 5, 2025
Apply Now
Application opens on company website
Job Description
The Associate Portfolio Manager at Cypress Creek Renewables is responsible for strategic decision-making and execution of transactions to optimize and manage the company's solar and battery storage assets in the PJM and ERCOT markets, focusing on maximizing profitability while mitigating risks.
Key Responsibilities
- Manage commercial operations of the Cypress Creek fleet in PJM and support ERCOT Portfolio Manager.
- Make dispatch and trade decisions to balance risk and return for maximum profitability.
- Monitor and analyze market information to identify opportunities for profitability and risk reduction.
- Optimize solar generation and battery storage assets based on economic conditions and operational constraints.
- Develop bidding strategies and manage Day-Ahead and Real-Time operations of the PV and BESS Portfolio.
- Provide schedules to third-party Energy Manager for market bidding and scheduling power services.
- Participate in the execution of monthly FTR CRR strategies to manage congestion risk.
- Incorporate weather and generation forecasts into decision-making processes.
- Engage in day-to-day risk management and optimization of operating storage.
- Commercialize the inventory of RECs produced by the assets.
- Review and analyze commercial terms of existing and upcoming PPAs, proposing risk mitigation strategies.
- Support short-term optimization strategy for storage assets, including forecasting and market execution.
- Assist Development teams on new solar and battery storage assets regarding market protocols and pricing.
- Collaborate with the Origination team on negotiation and execution of offtake agreements.
- Analyze complex offtake structures and perform term sheet analysis and valuation.
- Coordinate with Fleet and Solutions O&M teams regarding unit availability and outage schedules.
- Ensure compliance with risk management policies and verify transaction settlement information.
- Communicate risk metrics and analyze economic impacts of market movements on the portfolio.
- Perform ad hoc analysis to support decision-making and market views.
- Monitor market trends, regulatory changes, and risk exposures affecting the portfolio.
Requirements
- At least five (5) years of relevant experience in Competitive Energy Markets.
- Bachelor's degree in a relevant subject area required.
- Experience working on a power trading desk.
- Commercially oriented structuring and risk management experience.
- Experience in the market structure, transactions, and protocols of PJM and ERCOT; experience in other ISOs is highly valued.
- Understanding of renewable generation technology, especially solar and battery storage.
- Knowledge of US energy markets, wholesale power markets, RTO operations and electric transmission.
- Proficiency in Excel, SQL, VBA, Python.
Benefits & Perks
15 days of Paid Time Off, accrual up to 20 days
11 observed holidays
401 k Match
Comprehensive package including medical, dental, vision and health insurance
Wellness stipend
Family planning stipend
Generous parental leave
Tuition Reimbursement
Phone Bill Reimbursement
Fully expensed company travel
Mileage reimbursement
Company Swag
Ready to Apply?
Join Cypress Creek Renewables and make an impact
Stay Updated on Sustainability Jobs
Get the latest renewable energy jobs and career tips delivered to your inbox.
Job Alerts
Get notified about new sustainability jobs
