At a Glance
- Tasks: Join our Commercial team to price and analyze battery energy storage systems across Europe.
- Company: We're a leading developer of utility-scale battery energy storage systems, focused on sustainable energy solutions.
- Benefits: Enjoy a competitive salary, full training, and opportunities for career growth in a dynamic industry.
- Why this job: Be part of an ambitious growth journey while making a real impact in the renewable energy sector.
- Qualifications: A degree in Physics, Mathematics, or Engineering; programming skills in Python, C#, or VBA are a plus.
- Other info: Ideal for self-driven individuals eager to learn and contribute to innovative energy solutions.
The predicted salary is between 25000 - 30000 £ per year.
Job Description
Graduate Quantitative Analyst
The client is seeking to hire a Graduate Quantitative Analyst who will contribute to a wide range of exciting business activities within the Commercial team. Reporting to the Commercial Director, the Quantitative Analyst will be responsible for the pricing of complex battery energy storage systems (BESS) across UK, Ireland, and Continental Europe and for the further development of the pricing and analytics platform. The company is embarking on an ambitious growth path, affording the successful candidate outstanding career development prospects, and the opportunity to be instrumental in driving that growth through the development of our analytical and pricing capabilities.
About the Company:
The company is formed developer, owner, and operator of utility-scale battery energy storage systems (BESS). The company initially focuses on the UK and Germany, with the intention of expanding further across geographies in Europe and will target BESS projects strategically located near large power demand centres, or at places where the grid faces heightened congestion, price volatility, or fragility. The management team has decades of experience in building and developing successful businesses across the energy sector globally, with a particular focus on power generation, commercialisation, risk management, and BESS solutions.
What role will you play in our team
The Quantitative Analyst will join the Commercial team that analyses and shortlists battery investment opportunities and negotiates and closes route-to-market agreements with battery optimisation providers. The successful candidate will run the indicative pricing of the expected battery revenue, will quantify the underlying commercial risks, and will determine and report the metrics. The Quantitative Analyst develops the battery pricing and optimisation library and the analytical tools to turn around pricing and other ad-hoc requests by the Commercial Director. The successful candidate will play a pivotal role in creating transparency of the pricing assumptions and pricing results.
What you will do
• Price and structure battery investment opportunities and route-to-market agreements with 3rd party battery optimisation providers
• Develop a battery optimisation model library to be able to price any battery in any market
• Forecast long term price scenarios for all relevant markets and revenue streams (i.e., wholesale markets, Balancing Mechanism, Ancillary Services and any future congestion services)
• Understand the fundamental price drivers in the markets we operate within
• Back test and challenge the trading strategies of 3rd party battery optimisation providers • Effectively communicate pricing results to Commercial Director and wider management team • Produce a battery portfolio report and competitor analysis on a regular basis • Providing ad-hoc market analysis to the Commercial Director or wider organisation
About you
• Have an university degree in a quantitative discipline, preferably in Physics, Mathematics or Engineering
• Have some programming skills in Python, C#, or VBA
• Demonstrate database skills with ability to handle big datasets
• Have strong analytical and problem-solving skills
• Be a genuine team player with excellent communication skills
• Be self-driven and eager to learn new things
• Be able to see the bigger picture but also have attention to detail
Desirable skills
• Have an understanding of power systems, Ancillary Services and commodity markets
• Be knowledgeable in stochastic price processes and derivative pricing
• Have experience in linear and stochastic optimisation
• QCF qualification is seen as a plus
What we offer
Salary: £25,000 – £30,000 + Benefits + Full Training
Location: London
Graduate Analyst (Renewable Energy) employer: Renewable Careers
Contact Detail:
Renewable Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Graduate Analyst (Renewable Energy)
✨Tip Number 1
Familiarize yourself with battery energy storage systems (BESS) and their market dynamics. Understanding the fundamental price drivers and the role of BESS in the energy sector will give you a significant edge during interviews.
✨Tip Number 2
Brush up on your programming skills, especially in Python, C#, or VBA. Being able to demonstrate your ability to handle big datasets and develop analytical tools will be crucial for this role.
✨Tip Number 3
Network with professionals in the renewable energy sector. Attend industry events or webinars to connect with people who can provide insights into the company and its culture, which can be beneficial during the application process.
✨Tip Number 4
Prepare to discuss your analytical and problem-solving skills in detail. Be ready to share examples of how you've tackled complex problems in the past, as this will resonate well with the expectations of the hiring team.
We think you need these skills to ace Graduate Analyst (Renewable Energy)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the responsibilities of a Graduate Quantitative Analyst. Highlight your relevant skills and experiences that align with pricing, analytics, and battery energy storage systems.
Tailor Your CV: Customize your CV to emphasize your quantitative skills, programming knowledge (especially in Python, C#, or VBA), and any experience with data analysis or energy markets. Use specific examples to demonstrate your analytical and problem-solving abilities.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for renewable energy and your understanding of the company's mission. Mention how your background in physics, mathematics, or engineering makes you a suitable candidate for this role.
Highlight Teamwork and Communication Skills: Since the role requires effective communication with the Commercial Director and the management team, provide examples of past experiences where you successfully collaborated with others and communicated complex information clearly.
How to prepare for a job interview at Renewable Careers
✨Showcase Your Analytical Skills
As a Graduate Quantitative Analyst, you'll need strong analytical abilities. Be prepared to discuss specific examples of how you've used quantitative methods in your studies or previous experiences. Highlight any projects where you analyzed data or developed models.
✨Demonstrate Programming Proficiency
Since programming skills in Python, C#, or VBA are essential for this role, make sure to mention any relevant coursework or projects. If possible, bring examples of your code or projects that showcase your programming capabilities.
✨Understand the Energy Market
Familiarize yourself with the fundamentals of power systems and commodity markets. Be ready to discuss current trends in renewable energy and how they impact pricing strategies. This knowledge will show your genuine interest in the field.
✨Communicate Effectively
Strong communication skills are crucial for this position. Practice explaining complex concepts in simple terms, as you may need to present your findings to the Commercial Director and other team members. Clear communication can set you apart from other candidates.