Battery Power Markets Manager – Spain or Italy
Based in Madrid (Spain) or Remote Spain or Italy
About us
Matrix Renewables is a renewable energy platform that was founded by global alternative asset manager TPG through its impact investing platform, TPG Rise, in 2020. Headquartered in Madrid, Matrix Renewables focuses on developing, constructing and being long-term owners of renewable energy assets.
Matrix Renewables’ current portfolio is comprised of 12.2 GW (operational, under construction, ready to build, under development) of renewable energy projects and storage across North America, Europe and Latin America.
TPG Rise is a $17 billion impact investing platform focused on investing in and supporting the growth of world-class businesses that deliver positive and measurable social and environmental impact globally.
TPG is a leading global alternative asset investment firm with offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, Singapore, and Washington D.C. TPG’s investment platforms span a wide range of asset classes, including private equity, growth equity, impact investing, infrastructure, growth venture, real estate, secondaries, and public equity.
The Role
At Matrix Renewables we are looking for a highly motivated individual to play a key role supporting our Markets team. Based in Madrid or Remote (Spain or Italy), the Battery Power Markets Manager will be responsible for commercial and portfolio management activities of the Battery Energy Storage Systems (BESS) portfolio in Spain, Italy, Chile, UK, US and new markets. You will also be assisting all the departments (M&A, Development, Finance and Operations) related to battery revenue streams, revenue forecast and power markets operations to growth and develop the storage portfolio.
Key activities and responsibilities:
• In charge of commercial activities, originating innovative routes to market to secure bankable revenue and tolling/optimization agreements. Work with legal department to negotiate and execute agreements.
• Manage the daily operation in the different power markets for BESS under operation to maximize revenue. Work with market analysis and technical storage functions to support BESS revenue optimization activity.
• Support Development and M&A teams to develop market opportunities for co-located and stand-alone BESS, simulating the right BESS configuration to optimize the short and long-term revenues.
• Ability to lead on the relevant inputs for a techno-economical hybrid model to identify the optimal business case.
• Support Finance department during the financial close process of the BESS to optimize the leverage with the contracted revenues and all power market inputs.
• Monitor and understand energy policy and regulation, and their impact on the power markets and storage opportunities.
• Collaborate with multidisciplinary teams, such as technical storage, finance, engineering and construction across the broader organization to manage opportunities strategically.
General Skills / Attributes:
• Academic degree preferably in an engineering discipline. Other degrees are valued if experience matches the profile requirements.
• At least 8 years of relevant experience in the electricity sector.
• Experience in energy markets, battery storage and renewables, especially in short-term trading, asset management, portfolio management or other techno-economical activities within a commercial or energy management department.
• Sales skills to originate, negotiate and execute route-to-market agreements.
• Understanding of BESS technologies, applications, business models and operational strategies.
• Self-starter, entrepreneurial mind-set, and desire to grow the business.
• Good interpersonal, leadership and collaboration skills.
• Analytical and “out of the box” thinking and working with strong communication skills.
• MS Office, especially Excel expertise is to be expected.
• Bilingual and able to conduct business in English and Spanish at the highest standard.