Commercial Analyst (Data Centres and Industrials) in London

Octopus is building a new business line delivering low-cost, reliable, clean energy and faster speed-to-power for datacentres and large industrials. The deals are first-of-a-kind: private wire, behind-the-meter generation and storage, flexible load, novel grid connections.

This is a quantitative role with direct exposure to large-scale innovative power projects. You'll own the project model, build pricing strategies and directly participate in final investment decisions.

What you'll do

• Own the project model for each opportunity - generation, BESS, flexible load, network cost; capex, opex, revenue stack, IRR, downside cases. Build project-specific models while developing toolings and standard assumptions to support our growing pipeline.
• Price the offer. Turn a customer's load profile and reliability requirement into a deliverable price and structure - tariff, PPA, tolling, availability-based - and show which one allocates risk sensibly for both sides.
• Value the flex. Model storage and flexible load across wholesale, Balancing Mechanism, ancillary services and Capacity Market. Quantify network charges (TNUoS, DUoS, BSUoS), curtailment and connection options.
• Develop the business case. Build internal and external presentations to support from indicative customer proposals to project final investment decisions.
• Track the portfolio and read the market. Monitor live projects against approved cases - spend, milestones, connection dates - and identify early and quantify regulatory change (connections reform, REMA, network charging). Support term sheets and diligence from indicative to signed.

What you'll need

• 3–5 years in a numerate commercial role - infrastructure or renewables development, project finance, banking, energy trading or origination, strategy or energy consultancy.
• Financial modelling from first principles: DCF, IRR, scenarios and sensitivities. You can build a model someone else can follow and eventually develop it as a standard tool for other team members to use.
• Advanced knowledge of GB/European power markets, and how network and connection costs land on a project.
• Advanced Excel and Python.
• Able to take a messy, incomplete problem to a clear recommendation.
• Quantitative degree - economics, engineering, finance, maths, physics - or equivalent experience.

It would be nice if you have...

• Datacentres, large industrial load or behind-the-meter/private wire projects; BESS revenue stacking; a PPA, tolling or connection agreement taken to signature; Aurora, PLEXOS or equivalent.

Why else you'll love it here

• Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary.
• Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground.
• We want your hard work to be rewarded with perks you actually care about!
• We were named the UK's top company to work for in 2025, and we ranked in the top ten in the Sunday Times Best Places to Work 2026.
• Our Group CEO, Greg has recorded a podcast about our culture and how we empower our people.
• We’ve also been placed in the top 10 companies for senior leadership.

If this sounds like you then we'd love to hear from you, tell us what you care about, why Octopus feels right and most importantly, bring us the real you!

Applying for jobs can be a bit scary so have a nose through some of our tips first. Our process usually takes up to 4 weeks, but we’ll always do our best to flex around what works for you.

Got any burning questions before then? Drop us a message at (email protected) and we’d love to help!

Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!

Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire.

Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success.

As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.

Where necessary, we sometimes use AI tools to help with parts of our hiring process, like reviewing applications or assessing responses. We’re lucky to receive a huge amount of interest, so these tools help our recruiters manage that volume, not replace them. Ultimately, every hiring decision (for example, whether to progress your application or not) is always made by a real person in our Talent team.

If you’d like to know more about how we use your data, you can reach out to us via email at (email protected). We’re happy to help!