Energy Market Engineer - Paris

Long term
Paris, France
Energy
Occasional remote authorized
5 yrs of exp.
Posted on 01-05-2022
This job is no longer available.

Neoen

Fight against global warming and the energy transition, Neoen’s mission is to design and implement the means to produce the most competitive renewable electricity, sustainably and on a large scale.

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  • Company
  • Between 250 and 2000 employees
  • Energy
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Our Energy Management Department is looking for an Energy Market Engineer to join its European team, based in Paris.

As the renewable energy market evolves, some of Neoen assets are increasingly exposed to the electricity market:

- Because only part of the solar or wind assets are contracted through a long term PPA

- Because the PPAs may induce a market exposure (minimum or maximum contracted volume, defined hourly curves…)

- Because they can sell different services. For example, storage assets can be active on several frequency services or on the energy markets.

This is the case in Australia, Finland, Ireland, El Salvador, and Mexico today. Managing this growing exposure to energy markets and supporting Neoen development with market expertise and modelling are the main missions of the Energy Management Department. Historically settled in Sydney, the Energy Management Department recently added a team in Paris to manage our existing assets in Europe and Central America and support Neoen expansion in our different geographies.

As part of the Energy Management Europe team, the Energy Market Engineer will have the following responsibilities:

- Support Neoen ambitious expansion plans and contribute to commercial development by bringing combination of market expertise and quantitative analysis:

o  Build up and share expertise about regulatory frameworks and market structures (Energy markets, Capacity markets, Reserve markets…) in our different geographies, and also for new geographies explored

o  Assess market fundamentals and trends, monitor regulatory evolutions and elaborate go-to-market strategies

o  Deliver quantitative long-term power analysis by leveraging external scenarios and models and developing internal ones

o  Build optimization and modeling tools and/or deliver data-driven analysis to support development of new business models (stand-alone storage, solar + storage, non-vanilla PPA…)

o  Convert quantitative observations into business and strategic recommendations

o  Support contractual negotiations with Neoen customers led by the local Development teams

o  In cooperation with the Finance team, model the value of innovative products (such as structured prices and options for instance) and analyze their potential impact on accounting and financial reporting

- Analyze and optimize the operations of our existing market-facing assets:

o  Identify, analyze and quantify merchant risk of our generation portfolio, and propose hedging strategies

o  Keep up to date with market conditions and performances of our batteries, and improve bidding  strategies to maximize revenues

o  Contribute to the continuous improvement of our internal optimization and forecasting models


Profile

The candidate will need the following skills and experience to succeed in this role:

- Master’s Degree in Science,  Engineering, Applied Mathematics, Finance or Data Science

- 5+ year experience in the energy industry with a strong understanding of electricity markets

- Past experience in long-term markets or financial modelling would be highly appreciated

- Strong analytical skills with experience of building models leveraging optimization and Data Science techniques

- Technical and programming skills in Python, including with libraries for Machine Learning (Keras, Scikit-Learn…)

- Fluent in English and French, Spanish would be a plus

On the soft skills side, we are looking for someone:

o  Proactive, curious with a strong appetite for innovation and for proposing and exploring new ideas

o  Rigorous, organized and ready to work on several projects in parallel in a fast running and high skilled environment

o  Strong communication skills and appetite for international collaboration with teams located in more than 15 different countries