Engineer, Transmission & Market Fundamentals

Job Description:
Overview
Deriva Energy is a leading Independent Power Producer in the US renewables market, with over 6.5GW of operating or under construction wind, solar and storage projects across the country. Formerly the division of Duke Energy, Deriva is now backed by Brookfield Renewable and is poised for dynamic growth across its wind, solar, and storage portfolios. Join a dynamic team committed to excellence and innovation who envision a future of energy independence using resilient, carbon-free generation. We offer competitive compensation, comprehensive benefits, and the opportunity to make a significant impact on the rapidly evolving renewable energy industry. Deriva empowers customers with innovative clean energy solutions that strengthen communities and serve future generations.
Position Summary
As an Engineer, within the Transmission & Market Fundamentals team, you will collaborate with team leadership and senior colleagues to execute critical functions that underpin the successful development, construction, and operation of utility-scale solar, wind, and battery energy storage (BESS) projects.
This position will be located at Deriva Energy Headquarters based in Charlotte, NC
Key Responsibilities
Development activities:
Revise mid- to long-term production cost models to reflect changes in generation and transmission topologies
Conduct medium- and long-term production cost analyses to establish an internal perspective on congestion trends for both greenfield and acquisition projects
Evaluate the commercial implications for projects arising from planned generation additions or retirements, transmission infrastructure development, and changes in energy market fundamentals
Provide support for project interconnection activities with ISOs, TPs, and TOs during the project's study phase by reviewing and analyzing studies submitted by ISOs, TPs, and third-party consultants
Engage in collaborative discussions with external consultants to facilitate the preparation of independent reports on transmission, congestion, and curtailment in support of project financing initiatives
Facilitate project offtake activities by conducting internal production cost analyses and/or reviewing assessments provided by third-party consultants
Operational support:
Revise short- to medium-term production cost models to reflect changes in market dynamics and grid conditions
Conduct production cost analyses across various market footprints to internally assess near- and mid-term congestion trends
Assist the trading team by conducting scenario-based analyses to mitigate market risks associated with operational projects through participation in Day-ahead and FTR/CRR/TCR markets
Regulatory overview:
Stay informed about evolving market regulations that may affect the commercial viability of projects
Engage in relevant stakeholder forums across various ISOs and RTOs
Market Fundamentals:
Evaluate the implications of market design modifications on both operational and development projects
Establish an internal projection of long-term Energy, Capacity, and REC prices, based on anticipated shifts in supply and demand dynamics within the relevant market footprint
Basic Qualifications for Engineer III
Bachelor's degree in electrical engineering or other closely related discipline
Three (3) years or more of experience in related fields in addition to degree
Basic Qualification for Senior Engineer
Bachelor's degree in electrical engineering or other closely related discipline
Five (5) years or more of increasingly diverse or complex experience in related field in addition to degree
Desired Qualifications
Bachelor's degree in electrical engineering with an emphasis in power systems
Master’s degree in electrical engineering or similar discipline
Two (2) years or more of experience performing steady state/production cost/market operations analysis at an ISO, transmission owner or technical consultant
A PhD degree may substitute for three (3) years of work experience
Experience using power flow or production cost modeling tools like Power World, TARA, PSS/E, UPLAN, PORMOD, PROBE
Experience understanding and/or performing ISO system impact studies and transmission owner facilities studies
Excellent problem-solving skills, attention to detail, and the ability to translate complex technical concepts to a variety of stakeholders
Ability to work independently while providing subject matter expertise in a collaborative team environment
Self-motivated with a high level of initiative and accountability
Excellent written and oral communication and organizational skills
Working Conditions
This position is located at our headquarters in Charlotte, NC
Available for travel up to 25%
The hiring manager may elect to fill this position at the higher-level dependent upon skills and experience
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) with matching
Employee assistance program
Flexible spending account
Life insurance
Paid time off
Parental leave
Attractive Bonus Potential
Additional Information:
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Deriva welcomes veterans of the United States Armed Forces to apply for this position. Deriva includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty.
Deriva Energy is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.