BESS Project Finance Director (Waltham)

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ECA Solar

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Waltham, MA, United States

ECA Solar is on a mission to transition the US power infrastructure to clean energy. ECA develops commercialscale solar and energy storage facilities throughout the US. At ECA, our people and their wellness come first. We take pride in our transparent, teamoriented work environment and focus on worklife balance. Team outings, lunches, concerts, challenges are commonplace in our daily lives at ECA. We look forward to speaking with you about your career at ECA.

ECA provides fulltime employees with a robust benefits package including three weeks paid time off, and 11 paid federal holidays. In addition, we offer a 401k plan with company match, above average subsidized health, dental plans, and more. Additional compensation details for this position are listed below.

About the Position

ECA has an immediate opening for an experienced BESS Project Finance Director to lead our analysis of Battery Energy Storage Systems (BESS) development opportunities. The BESS Project Finance Director will report directly to the Chief Financial Officer and work closely with the Chief Executive Officer, colleagues within the Finance Department, and members of the Development and Operations teams.

Primary Responsibilities

  • Build and maintain financial models that inform decisions regarding investment in paired and standalone BESS projects
  • Analyze revenue streams (arbitrage, capacity markets, ancillary services, etc.) within various contract structures (optimizer agreements, capacity agreements, solar+storage (v)PPAs, etc.)
  • Guide ECAs outlook on forward curves in priority markets, factoring in state programs and pending legislation, and engaging with external consultants
  • Translate knowledge of BESS OEMs, service providers, and design tradeoffs (overbuild vs. augmentation, e.g.) into modeling assumptions and foundational pieces of ECAs BESS investment thesis
  • Engage with potential project buyers from bid solicitation through term sheet/contract negotiation and deal execution

Required Attributes

  • Advanced coursework in Finance, Economics, or Engineering
  • 4+ years of experience in renewable energy project finance, including 2+ years with a heavy emphasis on BESS modeling specifically
  • Fluent knowledge of electricity markets, including tariff structures, incentive programs, and their implications for BESS economics
  • Demonstrated deep skillset in financial modeling (Excel) and big data analysis (Power BI, e.g.)
  • Developers mindset: experienced in the markets current state and dialed into trends shaping the markets future state
  • Owners mindset: selfstarter who is focused, detailoriented, and eager to serve as a lead voice in shaping investment theses and executing on them
  • Strong communication skills, including the ability to distill complex concepts and advocate on behalf of viewpoints internally and externally (with potential customers and other stakeholders)
  • Passion for the clean energy industry and defining and implementing new standards, tools, and processes in a fastpaced/evolving company context

Preferred Attributes

  • Experience at an IPP, service provider, or consultant responsible for optimizing BESS assets
  • Experience negotiating common BESS contracts (optimizer agreements, capacity agreements, solar+storage (v)PPAs, etc.)

Compensation

ECA compensates employees with marketcompetitive base salary plus abovemarket variable compensation comprised, as appropriate for each position, of performancerelated bonuses, transactionbased commissions, and equitylike rewards tied to company performance.

The base salary range for this position is $150,000 $190,000, while your actual salary may be below, within, or above this range depending on your location and qualifications.

Benefits and Culture

  • Comprehensive health insurance benefits including medical, dental, and vision
  • 401(k) plan with immediate vesting and company match on 100% of first 4% of employee contributions
  • Flexible work schedules and timeoff policies
  • All employees remote Fridays (+ one additional weekday during summer), with opportunities for additional hybrid work
  • Employee wellness consultants and perks
  • Free onsite fitness center (Waltham)
  • Parental leave for birthing and nonbirthing parents
  • Work visa sponsorships as needed

Location

This position will report to our Waltham, MA office with remote days described above.

Seniority level

MidSenior level

Employment type

Fulltime

Job function

Finance and Sales

Industries

Solar Electric Power Generation

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