Senior Manager, Commercial (Battery Storage)
Masdar is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development.
Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.
Job Description
To establish a deep understanding of wholesale power markets, the battery storage markets, including their competitive landscape and relevant regulations in the market area where Masdar is building presence.
To lead market analysis for BESS Commercial team. To define the route to market strategy and setup framework for trading contracts’ structure and negotiations methodology to optimise Masdar’s BESS revenue streams.
To advise the team on the ways to incorporate AI and big data into commercial asset management processes.
Responsibilities
Using big data and AI tools, develop BESS reporting strategy with a focus on:
Preferred Qualifications
Job-Specific Skills
As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion.
Masdar unites the UAE’s three energy champions – Mubadala, ADNOC and TAQA – and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen.
Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies, that are commercially viable and bankable.
As part of the application process, we will collect, store and process personal information about you.
Masdar will use your personal information in accordance with our Candidate Privacy Notice, which provides details on the purposes for which your data is processed.
Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.
Job Description
To establish a deep understanding of wholesale power markets, the battery storage markets, including their competitive landscape and relevant regulations in the market area where Masdar is building presence.
To lead market analysis for BESS Commercial team. To define the route to market strategy and setup framework for trading contracts’ structure and negotiations methodology to optimise Masdar’s BESS revenue streams.
To advise the team on the ways to incorporate AI and big data into commercial asset management processes.
Responsibilities
- Must have a comprehensive overview of BESS markets
- Build a knowledge base of the fundamentals of electricity markets, comprising of the wholesale power markets, competitive landscape, pertinent regulatory developments and their evolution, for BESS markets globally, especially those markets where Masdar has a presence or is expected to have a presence in the future. This will include understanding of the different battery storage revenue streams (including specifics of RES support schemes, PPA's, capacity markets, ancillary services etc).
- Understand the impact of changes to regulatory frameworks and energy market designs and quantifying the effects of those changes on revenue.
- Build internal market intelligence of the BESS markets and develop modelling capabilities to reduce reliance on external market advisors.
- Contribute to the development and embedding of BESS strategy in line with Masdar's vision, mission, and long term goals.
- Keep abreast of any changes, analyse and present BESS market updates/highlights to senior management.
- Understand, analyse and provide commercial inputs for business models built to underpin and drive financial and investment decision making.
- Analyse short/medium/long-term developments in various power markets based upon a thorough understanding of market fundamentals, regulatory developments, renewable penetration, storage growth, etc.
- Interpret and own analysis of any third party revenue curves and assumptions provided to Masdar as part of normal course of business, but also specifically as part of M&A transactions.
- Manage modelling and analysis of BESS related market assessments.
- Create and manage country specific monetisation strategies to maximise the revenues to Masdar, taking into account risk, credit, accounting, tax considerations etc.
- Liaise with energy storage teams to provide management reports on projects throughout the entire lifecycle.
- Track performance of both developing and operational projects, ensure regular updates, management reporting and focus on deviations from targeted plans and performance.
- Contribute to the development and delivery of projects by providing advice and inputs from a business development perspective, liaise with project delivery and technical teams to ensure all project objectives are met.
Using big data and AI tools, develop BESS reporting strategy with a focus on:
- Asset performance
- Trading performance
- BESS LTSA (availability, RTE, capacity testing etc)
- Asset Management / O&M
Preferred Qualifications
- Bachelor’s degree in Business Administration, Science, Engineering or any other energy or sustainability related field Preferred Experience:
- 5 to 8 years of experience in roles involving utility scale renewable energy project development or large real estate projects
- Experience in managing BESS commercial performance metrics
Job-Specific Skills
- Exceptional attention to detail
- Strong communication skills and able to work in a dynamic fast paced, diverse environment
- Proven ability to manage multiple BESS projects from inception to RTB
- Advanced project management and negotiation skills
- Project finance, budgeting skills
- Contract administration and legal skills
As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion.
Masdar unites the UAE’s three energy champions – Mubadala, ADNOC and TAQA – and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen.
Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies, that are commercially viable and bankable.
As part of the application process, we will collect, store and process personal information about you.
Masdar will use your personal information in accordance with our Candidate Privacy Notice, which provides details on the purposes for which your data is processed.