Vice President Commercial (Battery Storage)

Please note: Applicants should be UK based and already have the right to work here.

To lead the BESS commercial activities and team. To establish a deep understanding of wholesale power markets, the battery storage markets including their competitive landscape, relevant regulations and route to markets in markets where Masdar has and is expected to have a presence.

Define the route to market strategy and provide insight into how trading contracts should be negotiated and structured to optimise Masdar’s BESS revenue streams. Advise the team on how to incorporate AI and big data into commercial asset management processes.

Responsibilities

• Develop a deeper understanding 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 in those markets where Masdar has a presence or is expected to have a presence in the future. This will include understanding the different revenue streams battery storage (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 revenues
• Build internal market intelligence of the BESS markets and develop modelling capabilities to reduce reliance on external market advisors.
• Support the BESS team in the establishment of the BESS strategy in line with Masdar's vision, mission, and overall strategy.
• Analyse and present to senior management

Market Modelling and analysis 

• Understand, analyse and provide all commercial inputs required for business models required for 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
• Interpretation and ownership of any third party revenue curves and assumptions that are provided to Masdar as part of every day course of business but also specifically as part of M&A transactions

Develop monetisation strategies

• For both markets that Masdar has a presence or is expected to have a presence, create country specific monetisation strategies to maximise the revenues to Masdar taking in to account risk, credit, accounting tax considerations etc

Team management and supervision

• Organize and supervise the activities and work of subordinates to ensure that all work within a specific team is carried out in an efficient manner which is consistent with operating policies and procedures.
• Provide on-the-job training and constructive feedback to subordinates to support their overall development.
• Management reporting on projects through project lifecycle especially the development process
• Liaise with energy storage teams to provide management reports on projects through the entire lifecycle.
• Track performance of developing and operational projects and ensure regular updates, management reporting and deviations from targeted plans and performance.
• Contribute to the development and delivery of projects through providing advice and inputs from a business development perspective, liaising with project delivery and technical teams to ensure that project objectives are met.

Reporting and application of data/AI tools

Using big data and AI tools, develop a reporting strategy for the BESS including:

• Asset performance
• Trading performance
• BESS LTSA (availability, RTE, capacity testing etc)
• Asset Management / O&M team