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Market Analytics Analyst

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:

  • 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.

 

Requirements:

  • 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.

 

Apply: https://us.orsted.com/careers.

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Join a global leader in renewable energy

Ørsted is a global leader in offshore wind and is one of the largest renewable energy companies in the world. With us, you’ll play your part in creating a world that runs entirely on green energy. As a leading green energy company, we leverage the curiosity and passion of our people to innovate and develop new technologies or bring existing technologies to scale, collaborating with governments, suppliers, and our industry partners to make renewable energy solutions a reality. At Ørsted, we work together with openness and respect and seek fresh perspectives to solve any task at hand: big or small. 

About Ørsted

  • We provide countries, companies, and communities with sustainable, reliable, and cost-competitive energy solutions, including offshore and onshore wind, solar PV, and energy storage.
  • Our vision is to create a world that runs entirely on green energy.
  • We built the world’s first offshore wind farm, Vindeby in Denmark, in 1991, and completed the world’s largest, Hornsea 2 in the UK, in 2022.
  • We were founded in Denmark in 2006 and now have approximately 8,000 employees, working in 15 countries and counting. 

 

An inclusive team

At Ørsted, we strive to be an inclusive workplace where you’re respected for who you are, valued for the unique perspectives you bring, and rewarded fairly for what you achieve. We want all employees to have the same opportunities for impact and growth, no matter their age, race, ethnicity, place of birth, gender, sexual orientation, or disability.

Application deadline

Location

Chicago, US

Area of work

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