What are the responsibilities and job description for the Market Analytics Analyst position at Ørsted?
Employer: Ørsted North America Inc.
Job Title: Market Analytics Analyst
Salary: $112,804 per year Benefits (https://us.orsted.com/careers/united-states)
Locations: 401 N. Michigan Avenue, Suite 501, Chicago, IL 60611
Duties:
Job Title: Market Analytics Analyst
Salary: $112,804 per year Benefits (https://us.orsted.com/careers/united-states)
Locations: 401 N. Michigan Avenue, Suite 501, Chicago, IL 60611
Duties:
- Establish and manage projects focused on research, market model development, and technology deployment to deliver critical insights for decision-makers across the commercial timeline for storage, wind, and solar assets.
- Develop analytical tools to support the region’s storage ambitions while also providing insights into key market components influencing the development of battery energy storage systems (BESS).
- Develop and refine BESS optimization frameworks, integrating cross-functional insights into battery trading strategies to maximize commercial value.
- Provide strategic investment guidance and portfolio capacity recommendations based on forward-looking storage analytics.
- Develop forecasting models for storage performance by incorporating evolving market trends, operational constraints, and pricing scenarios.
- Incorporate modeling techniques to advise on option value pricing for solar and wind power purchase agreements (PPA).
- Design and implement models to assess the diversification and risk hedging impact of new and existing assets in the portfolio.
- Build expertise in fundamental market drivers, pricing dynamics across power and lithium markets, and key trading strategies.
- Develop and implement new analytical models and tools across commercial and trading/operations environments.
- Oversee the creation and operation of dashboards tracking real-time and historical generation-weighted pricing metrics and BESS spread performance for both operating and pipeline assets.
- Partner with technical and business stakeholders to resolve complex data issues and ensure continuity of analytical workflows.
- Master’s degree (or foreign equivalent) in data science, statistics, mathematics, computer science, or related field.
- Requires knowledge of SQL, Python, and R; predictive modeling; and time series forecasting.
- Requires experience in conducting feasibility studies; financial analysis; establishing market strategies; optimization techniques (linear and nonlinear programming); advanced analytical methods for forecasting revenue; developing and implementing statistical algorithms, including market simulation; and developing and deploying dashboards, market models, analytical tools, and optimization frameworks to evaluate market dynamics and asset development.
Salary : $112,804