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PPA Origination Manager - PJM
$150,000 to $180,000
Solar
US
Virginia, USA
Permanent
Remote

Piper Maddox have been engaged by a reputable IPP to support them on hiring a new Origination Manager to join their team. 

 

The Origination Manager will manage existing customers, create new customer relationships, and negotiate and execute structured power transactions for development and operating projects, with a particular emphasis on new renewable power products, customers and/or regions. The Origination Manager will work closely with potential customers to understand their needs and develop product structures to meet them and is responsible for developing the deal structure and working with the different desks to develop pricing.  Additional areas of focus for this role will be on model economic analysis, pricing and structuring of offtake arrangements, proposal drafting and tracking, market analysis, customer intelligence and tracking, as well as internal coordination to originate new business, finalize bids, and bring transactions through the execution process.  The role will report to the Director of Origination and will work closely with Development, Delivery, and Finance teams.

 

Duties:

  • Initiate and identify new origination prospects, and plan and execute an outreach strategy for all projects under development, with a focus on executing Power Purchase Agreements or similar financial swap agreements
  • Monitor market trends and align PPA strategies to account for external and internal changes
  • Lead/Support the negotiation efforts to structure PPA agreements with commercial, industrial and utility off-takers
  • Develop and implement customer and market strategies
  • Develop and maintain strong customer and business relationships
  • Analyze and develop different structures for the customer and for the Company, including risk mitigation solutions to ensure risks are appropriately managed and quantified
  • Coordinate with development, finance, delivery and other departments to develop solutions for customers, including assisting in the development of proposals and pricing for opportunities, and integrating offtake structures into financial models
  • Monitor/Report policy and regulatory changes which may impact the company's position
  • Present deals to senior leadership, seeking approval of the proposed deal structure
  • Conduct research on new markets, understanding policy driven customer demand factors, offtake products, and risks, and conduct due diligence on acquisition targets and greenfield opportunities
  • Communicate directly with potential customers to gain an understanding of customer needs to propose solutions and/or negotiate deal structures and documents that meet those needs

 Essential 

  • Specific deal experience (3-5 years) with offtake structures, power purchasers, utility scale customers, and key power marketing contract concepts related to utility-scale renewable power plants
  • Working knowledge of RTO operations, electric transmission and power generation and storage technologies, with specific experience in MISO and PJM

 

Location: 

This role is remote, or Hybrid if the individual lives local to one of the offices. 

 

Salary: 

$150,000 to $180,000 base plus bonus and benefits 

 

 

 

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Job Posting: Manager, BESS Origination (Remote)Position: Manager, BESS OriginationLocation: RemoteType: Full-time About the Role:We are seeking an experienced Manager, BESS Origination to join a rapidly growing energy company. This role will primarily focus on developing and managing relationships with utilities in the SPP area and other regions as the company expands its portfolio into new utility-driven markets. You will be instrumental in supporting the company's standalone battery energy storage system (BESS) projects and will be the primary contact for utility-related matters across multiple energy markets, including SPP, WECC, CERC, PJM, and MISO. Main Responsibilities:Utility Relations & Contracting:Develop an in-depth understanding of utility processes for contracting, including RFPs, bilateral agreements, distribution lists, and more.Identify key decision-makers at targeted utilities and understand their preferences for BESS, including lithium versus long-duration storage and preferred contract types (e.g., tolling agreements).Research and understand the appetite of utilities for BESS and other storage technologies, including knowledge of terms for capacity agreements, tolling agreements, and other related contracts.Project Introduction & Proposal Management:Introduce company projects to utilities by preparing teasers, unsolicited proposals, and RFP submissions.Engage with utilities to ensure understanding of company projects and drive forward the proposal process.Agreement Negotiations & Contract Finalization:Obtain term sheets for tolling agreements and other related contracts, and assist in finalizing agreements for the company's BESS projects.Support the process of negotiating and securing capacity agreements and tolling agreements with utilities across multiple regions. Position Requirements:Experience: A minimum of 2 years of experience in the energy storage or renewable energy industry, particularly in BESS origination or related roles.Utility Knowledge: Strong understanding of utility processes, RFPs, and contracting mechanisms. Experience with utilities' preferences for BESS, including storage duration and technology (e.g., lithium vs. long-duration).Geographic Experience: Prior experience or knowledge of utility relationships in regions such as SPP, WECC, CERC, PJM, and MISO.Contracting Expertise: Familiarity with tolling agreements, capacity agreements, and the process of negotiating these contracts in the energy storage and renewable energy sectors.Industry Relationships: A candidate with established relationships with utilities, particularly in the Western U.S. (WECC), and knowledge of the regional energy market dynamics. Desired Skills & Attributes:Familiarity with energy storage projects, particularly in BESS, and the related utility contracting process.Ability to establish and maintain relationships with key stakeholders in the utility sector.Strong communication and negotiation skills, particularly in preparing and presenting proposals and agreements to utilities.An interest in traveling to conferences and meeting with utilities to foster relationships and keep up with industry developments. Compensation:Salary Range: $90,000 - $120,000 per year, based on experience and qualifications.Bonus Structure: 15-20% annual bonus, based on both individual and company performance. Why Join Us?This is a unique opportunity to join a growing, successful company backed by a fund managing $250 million in assets. The company offers exposure to key decision-makers in the energy markets, with opportunities to shape the future of BESS projects and expand into new utility-driven regions. If you are passionate about the energy storage sector and ready to make an impact, we want to hear from you. How to Apply:Apply today to join a dynamic team focused on the future of energy storage. We are excited to meet the next key member of our growing team!

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