Project Finance Analyst – Battery Storage

Company Overview 

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 US states and Canadian provinces that will transform North American electric grids into cleaner and more versatile critical infrastructure.

Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power’s team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.

At Plus Power, we are focused on solving hard climate problems, profitably.  We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power’s culture and excels through our game-changing mission and supportive ecosystem.

About the Role 

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.     

In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand.  Energy storage is the enabler of high penetration variable renewable generation like solar and wind. 

Plus Power is looking to hire a Analyst to join the company’s Project Finance team. This individual will support all aspects of project finance transactions for Plus Power’s battery storage portfolio including construction financing, term debt/back-leverage and tax equity. Key responsibilities include creating and managing complex financial models, supporting the due diligence process, project management of financing deliverables, and coordinating with external financing parties to support the closing and funding of transactions. In addition, you will assist the finance team in bidding and structuring offtake agreements, and executing on project acquisitions and project sales. This individual will be exposed to all aspects of energy storage development, financing, and operations, and will collaborate with all functional teams across the company.

Key Responsibilities

• Transaction Support: Support all aspects of debt and tax equity financing transactions, including preparation of marketing materials, due diligence, management of external consultants, and financial modeling
• Project modeling: own all aspects of project financial models throughout the project lifecycle, including development, construction and operations. Modeling activities include project optimization, offtake bidding, sourcing and vetting model inputs with experts in various groups across the company (Development, Interconnection, Markets, EPC, Origination, Asset Management)
• Data Analytics & Tools: supporting the creation of dashboards, reports, and analytics to support senior management decision making and reporting to corporate investors
• Market Analysis: analyzing macroeconomic and ISO-level trends, including impacts of tax law change, interest rate environments, and broader sector trends, and their effect on the viability of the company’s portfolio
• Cross-Functional Support and Collaboration: collaborate with other teams within Plus Power to perform economic analysis and support key business decisions, including PPA pricing, optimization of project design, major equipment selection and O&M contract negotiations

Skills & Qualifications

• Bachelor’s degree in Finance, Economics, Engineering or related field
• 1-2 years of project finance transaction experience at a developer, investment bank, project finance lender, tax equity investor, or infrastructure investor; OR finance/technical degree from a top university and completion of (or willingness to complete) a financial modeling course
• Proficiency in Microsoft Office, especially Microsoft Excel, including experience with financial modeling
  • Tax equity modeling experience a plus
  • Specific experience in energy storage, renewables, or power generation a plus
• Experience managing projects or financial transactions with multiple stakeholders and tight timelines
• Ability to present complex information succinctly and efficiently to audiences internal and external, including financing counterparties
• Ability and desire to learn and take on responsibility quickly

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America’s leading energy storage developers, owners and operators. Flexible, work from home or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.

The expected salary range* for this position begins at $110,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.

Plus Power offers a comprehensive benefits program, unlimited vacation, flexible remote work, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth.

The deadline* for applying to this role is 1/6/2025.