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Sr Market Optimization Engineer

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Date: Nov 10, 2022

Location(s): St. Paul, MN, US, 55107

Company: NextEra Energy

Requisition ID:  64896 

 

NextEra Analytics provides renewable energy consulting services using industry-leading scientific analysis. As a NextEra Energy Resources company, the world's largest generator of renewable energy from the wind and sun, we thrive on solving the toughest problems facing the energy industry, and creating innovative forecasting and optimization solutions that lead the way into the next era of energy. Do you want to help accelerate the transition to low-cost sustainable energy? Join our world-class team today!  

ovative forecasting and optimization solutions that lead the way into the next era of energy.

 

 

Position Specific Description

NextEra Analytics is the optimization and analytics team for the world’s largest renewable energy generator. We are currently seeking a Market Optimization Engineer for our Market Products team. This team designs, develops and benchmarks effective electricity market trading and plant dispatch strategies for utility-scale and C&I customers. We are an algorithmic product team that implements automated software solutions for monetizing energy storage, hybrid aggregations, and other market participation models through mastery of market rules and regulations, forecasting of price and other market conditions, and optimizing bidding and dispatch behavior. This team has proven success and is core to the NextEra 360 Energy Optimization Platform. There is massive opportunity for career growth and company-wide visibility of contributions in this role.  

 

In this role, you will be interacting with asset managers, schedulers, facility operators, and risk managers to develop financial and operational algorithms/models that support trading/origination/asset optimization decisions. You will leverage your expertise in operations research and electricity market fundamentals to optimize trade support products, perform performance benchmarking and stress testing of designed products, and ensure compliance of products to market rules and PPA requirements. Solid quantitative and object-oriented programming expertise is strongly sought to conduct the R&D of new product design and implementation. Strong soft skills and passion to innovate in our changing electricity market landscape is a plus.

 

Preferred qualifications:

  • A track record of converting novel ideas into software solutions or peer-reviewed publications
  • Prior experience in operations research techniques, machine learning/deep learning or forecasting applied to an energy domain problem
  • Strong background in electricity market fundamentals (e.g., unit commitment, economic dispatch, power flow) including energy and ancillary service pricing based on fundamental market design
  • Experience with production cost models (e.g., Dayzer, Plexos, Promod, etc.) and power flow modeling (e.g., PowerWorld, PSSE, etc.)
  • Fluency in Git and Python/R/Julia
  • PhD qualification in related field

Job Overview

This position is responsible for designing, developing, and benchmarking effective electricity market trading and plant dispatch strategies for utility-scale and Commercial-and-Industrial customers. Employees in this role leverage knowledge and experience in mathematical programming, predictive analytics, power systems engineering, and electricity spot market design along with the capability to software engineer the solution to leverage software platform technologies including cloud computing, distributed computing, numerical solver methods, and data storage infrastructures.

Job Duties & Responsibilities

  • Develops algorithmic product solutions for physical or virtual assets (or portfolio of assets) 
  • Implements production grade mathematical code with performance benchmarking and unit testing to verify and validate outcomes
  • Determines key performance indicators for algorithmic products and contributes to monitoring and iterative product improvement
  • Prepares code documentation, technical reports, quantitative analyses, and presentation material for internal and external use
  • Supports collaborations in cross-functional workstreams
  • Performs other job-related duties as assigned

Required Qualifications

  • Bachelor's or Equivalent Experience
  • Experience: 4+ years

Preferred Qualifications

  • Master's Degree
  • Doctoral Degree

 

Employee Group:  Exempt
Employee Type:  Full Time
Job Category:  Science, Research, and Technology
Organization:  NextEra Analytics Inc 
Relocation Provided:  Yes, if applicable

 

Where permitted by applicable law, NextEra Energy requires all employees and new hires to be fully vaccinated for COVID-19 or be willing to receive the COVID-19 vaccination on or before the first day of employment.

 

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.

 

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.

 

NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

 

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.

 


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