Company Overview
Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 US states and Canadian provinces that will transform North American electric grids into cleaner and more versatile critical infrastructure.
Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power’s team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.
At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power’s culture and excels through our game-changing mission and supportive ecosystem.
About the Role
Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.
In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand. Energy storage is the enabler of high penetration variable renewable generation like solar and wind.
Plus Power is looking to hire a Director of Project Development to be a functional lead of multiple projects within Plus Power’s portfolio in PJM/MISO territories. The Director of Project Development will own the ultimate responsibility for site identification and acquisition, permitting, interconnection, and development strategy as well as leading the team developing the projects in that region. The Director will have a sophisticated team of subject matter experts who will provide support for specific discrete deliverables such as real-estate, permitting, cost estimates, commercial strategy and interconnection process navigation. Leadership of this cross-functional team to bring a project to the Notice to Proceed Stage (“NTP”), and go through the financing stage will be the ultimate responsibility of the Director. Upon NTP, functional responsibility of the project will be transferred to Plus Power’s Engineering, Procurement and Construction (“EPC”) team, where the Director and his team will support EPC as necessary.
Responsibilities
- Manage 1-2 direct reports (Project Development Managers), to successfully de-risk and advance projects in the PJM/MISO region
- Site identification, acquisition and due diligence: utilize Plus Power’s processes and work with the Real Estate team to identify and acquire project sites to then bring them through the diligence process
- Project development: lead the strategy to manage the project pipeline in the region, establishing priorities and schedules with the PD Managers to execute on complex milestone deliverables across a network of stakeholders
- Risk management: collaborate with Plus Power’s development team to uncover and mitigate real estate, permitting, interconnection, finance and EPC risks for a portfolio of projects
- Permitting: work with the permitting team to create a strategy and execution plan for the State and local permits in the region
- Policy: Work with the regulatory team on the strategy to engage with communities and regulatory bodies that oversee the approval of transmission-connected energy storage projects
- Project management: problem solving nuanced site, permit, and technology issues with internal experts and external stakeholders
- Project finance: understand the key financing elements of a project and ensure that all projects and deals continue to meet or exceed financial hurdles. Support the finance team on the financing process of each new deal
- Commercial strategy: Work with the Markets and Commercial team(s) to identify and quantify opportunities, then support the commercial team on RFP submittals
- Contract negotiations: work with the subject matter experts during negotiations of terms and conditions of tolling agreements, permitting documents, interconnection or other ISO agreements to protect the commercial sensitivities of each deal
- Interconnection: Work with the Transmission and Interconnection team to identify and quantify the requirements, key decision dates, and other risks to inform decision making for the respective project region
- Deal execution: providing support in closing and financing each new deal
- Approvals: Lead the approval process in front of the Investment Committee for complex decisions to advance the development of the portfolio
- Mentorship: Train and mentor the direct reports to foster their growth following their interests and capabilities
Qualifications
- 10+ years of experience in renewable energy project development
- Have experience with State Permits within the region (PJM/MISO RTOs), Ohio Power Siting Board (OPSB) experience desired
- Have managed at least one direct report in previous roles
- Have led full project lifecycle completion of multiple power generation or transmission projects from greenfield site origination through NTP
- Have a good understanding of the transmission interconnection process and specific energy market dynamics in PJM/MISO
- Proven experience completing all the following agreement types:
- Site lease or purchase agreements
- Contracting 3rd party studies and deliverables from environmental and engineering consultants
- Site Plan and Building Permit approvals
- State permitting procedures for transmission-connected projects, preferably in Ohio and another State in the PJM/MISO RTOs
- Interconnection agreements
- Power purchase or tolling agreements
- MIPA / PSA for project disposition / acquisition
- Preferably worked in an organization which has developed an energy storage project
- Living in the PJM/MISO region
- Creative independent thinker; demonstrated ability to work both independently and as part of a diverse team
Compensation, Location, and Benefits
Highly-competitive remuneration from one of the nation’s most exciting leaders in the energy storage markets. Flexible, work from home locations acceptable for the long-term, or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.
The expected salary range* for this position begins at $190,000. Factors that may be used to determine the final compensation include relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual discretionary bonus program.
Plus Power offers a comprehensive benefits program, unlimited vacation, flexible remote work, and a highly engaging company culture with opportunities for growth.
The deadline* for applying to this role is 60 days from April 9, 2024.
Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
*This information is provided in accordance with applicable law.
