Manager of Power Origination

Overview

Nightpeak is seeking a Manager of Origination with experience dealing in power and capacity products in the WECC, CAISO and ERCOT market areas. This role requires experience building relationships with wholesale power market participants and load serving entities, and selling physical and financial products off traditional thermal and battery storage power plants with differing characteristics. The ideal candidate will leverage new and existing offtaker relationships to inform Nightpeak’s view of the market and help support the firm’s development and plant acquisition efforts. In this role, the Manager of Origination will be Nightpeak’s primary representative and business developer in the wholesale power markets.

This role requires experience sourcing and executing structured products with various types of load serving entities and power marketers including : investor-owned utilities, commodity trading firms, community choice aggregators (CCAs), cooperatives, competitive retail providers, and large commercial and industrial business.

The ideal candidate will have experience originating and negotiating traditional power purchase agreements (tolling agreements, capacity sales, busbar PPAs) as well as structured transactions (heat-rate call options, load following agreements, revenue puts), and has the creative instincts to source new and innovative transactions utilizing Nightpeak’s fleet of flexible generation resources.

The role, like all at Nightpeak, requires an entrepreneurial mindset and high achieving attitude to grow the capability and effectiveness of our team to create great power plants. The candidate will be instrumental in building a strong company culture of integrity, accountability, hard work, collaboration, and success.

Key Responsibilities

• Source and lead negotiations for power and gas offtake products while managing internal and external resources
• Create project and company collateral and complete offer forms to sell Nightpeak’s projects and power products in various formal solicitations (RFOs)
• Manage relationships with wholesale power market customers and participants across CAISO WECC and ERCOT
• Support diligence and negotiation of project acquisition (M&A) efforts
• Coordinate with Chief Commercial Officer to execute hedging strategies across operating fleet of assets
• Champion market entry rationale and strategy
• Support project development and finance efforts

Skills and Qualifications

About Nightpeak

Nightpeak Energy (“Nightpeak”) was founded in 2022 by industry veterans that together have developed, financed, and constructed over 2.9 GWh of batteries in the US along with GWs of other renewables representing billions of dollars of invested capital. The company is backed by leading private equity investor Energy Spectrum Capital. Our mission is to reliably power communities to a low-carbon future by developing, owning, and optimizing a fleet of quick-start and dispatchable power plants, with a focus on utility-scale batteries and thermal generation.

Today, Nightpeak owns and operates battery storage and thermal generation assets in the U.S., has started construction on a second phase of a battery in ERCOT, and has battery and peaking thermal projects at all stages of development across the western U.S. We have a passion for deciphering how the grid will evolve, following the rapidly developing power markets, thinking five steps ahead, uncovering the next big opportunity, and making high-quality power projects.

Nightpeak offers a full suite of benefits along with upside participation.

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