SolRiver Capital is seeking a Director of Energy Storage Investments. This position is for someone with at least 2 years experience in utility-scale energy storage, in particular with the financial modeling and acquisition of storage projects.

 

THE ROLE

The Director of Energy Storage will lead SolRiver’s energy storage investment and development activities, including project origination, analysis, and execution. This will be a critical addition to our team, reporting directly to the CEO, with significant responsibilities and room for growth.

ABOUT SOLRIVER CAPITAL

SolRiver Capital is a rapidly growing solar investment fund focused on acquiring and operating distributed generation and utility scale projects. Founded in 2016 by solar and storage finance experts, SolRiver utilizes an innovative yet disciplined investment approach to acquire clean energy assets across the country. We began with a single $3MM system, and four years later we have projects in 8 different states, with $200MM to deploy over the next twelve months. A key to our success is a small, talented, hard- working team. Our ethos is an entrepreneurial culture of ownership, problem-solving, and continuous improvement.

RESPONSIBILITIES

Business Development:
  • Expand SolRiver’s energy storage investment pipeline, including standalone and PV+S pipeline across new markets.

  • Management of energy storage acquisition strategy, execution, and project valuation assumptions.

  • Apply understanding of energy, capacity, and ancillary services markets, and RTO/ISO market structures to daily functions.

  • Analyze value proposition and deal structures for complex storage projects, including resiliency, DC Coupled storage and front of the meter connected storage in the northeast

  • Foster relationships with battery manufacturers, integrators, and control system providers to facilitate cost-effective execution of projects.

Project Evaluation:
  • Apply technical knowledge of energy storage to off-taker and energy market values to structure and optimize energy storage investments.

  • Build models and analysis to aid internal approval process and external investment activities.

  • Evaluate storage technology, procurement, and installation options.

Energy storage Modeling:
  • Develop and maintain energy storage models using MS Excel, Python, or other relevant software tools (e.g., HOMER).

  • Using modeling results, review and scrutinize underlying performance of energy storage projected in financial model.

  • Apply energy storage knowledge and experience to interpret repowering/refurbishment strategies designed to avoid capacity degradation, including duty cycles, state of charge, discharge rate and other major and minor design attributes.

  • Review electrical designs of standalone and integrated storage projects for model input purposes

  • Review performance test data to verify satisfaction of contractual obligation

Negotiation & Close:
  • Participate in the negotiation and closing of storage project acquisitions or investments.

  • Working with SolRiver’s legal and finance teams, define project investment terms.

  • Monitor installation and operation of acquired storage projects, to ensure successful outcomes.

QUALIFICATIONS

  • At least 2 years experience with energy storage project development, utility scale is a must, DG is a plus.

  • At least 1 year working with solar + storage projects, with projects over 1MW.

  • Understanding of northeastern distributed energy market dynamics, including emerging incentive programs, local tariff structures and ISO rules and procedures governing participation of distributed energy resources

  • Experience with energy storage modeling software applications such as Python, HOMER or in-house developed applications

  • Business development experience including: identifying new customers, creating value propositions, and negotiating & executing revenue contracts.

  • Driven, self-starter with a passion for excellence.

  • May require extended hours.

  • Understanding of energy market structures and key products.

  • Strong financial experience with demonstrated understanding of project pro-formas.

TO APPLY

Please send an email/cover letter touching on: 1) why this role interests you, 2) your experience with storage project development or finance, 3) your experience negotiating with partners, and 4) some examples of your role in previous storage projects. Please send your application to jobs [at] solrivercapital.com. 

Please do not call about your application.