Power Energy Storage Trader

Core Responsibilities

• Participate actively in around-the-clock physical dispatch of battery storage resources.
• Work closely with Research Teams to evaluate and refine Spearmint’s programmatic optimization and software development.
• Identify likely transmission constraints in day-ahead and real-time markets and incorporate those expectations to adjust Spearmint’s optimization strategy appropriately.
• Monitor daily performance and risk metrics relevant to Spearmint’s operations; communicate performance transparently to relevant personnel internally and externally.
• Understand when market conditions warrant interrupting automated market bidding, taking more discretionary action to optimize the asset’s optionality.
• Execute trades manually when appropriate.
• Potentially execute in futures and options markets for energy price volatility as opportunities arise.
• Develop bilateral relationships with counterparties and intermediaries representing companies whose exposures are complementary to Spearmint’s.
• Structure transactions that enable Spearmint to manage exposures while maintaining optionality.

Qualifications

• Bachelor’s Degree or higher in a quantitative discipline.
• At least two years of power trading experience, including physical and financial market participation.
• Strong understanding of energy and ancillary market dispatch.
• Understanding of risk management and ability to maximize revenue subject to risk constraints.
• Ability to work effectively with, and manage, cross-functional teams.
• Understand asset ownership and inherent optionality; seek to maximize options at all times.
• Contribute meaningfully to Spearmint’s collective understanding of hub and nodal pricing.
• Utilize and advance the science of storage revenue modeling in cooperation with Spearmint’s research organization.
• Be a team player at all times, with shared responsibilities and expectations.
• Embrace a disciplined entrepreneurial culture.
• Possess and maintain effective computer skills, especially those required for analyzing data and translating into trading execution.