Director of Origination

Director of Origination

Career Level 3

Permanent

Location: Houston, TX (preferred) other states where Elimini is registered to hire is possible.

We are Elimini and our purpose is to remove carbon for good.

Why join Elimini?

The Elimini team is on a mission to help rewind the climate crisis. The challenge we face is steep, but the solution exists – if we collaborate and deliver at scale.

Together, we’re taking carbon removals out of the lab, and into the real world.

As the Director of Origination, you will be responsible for leading the origination and negotiation of long-term, multi-million-dollar sales agreements for Carbon Dioxide Removal (CDR) credits and renewable energy generated from upcoming bio-energy carbon capture and sequestration (BECCS) plants developed by Drax, both in the US and internationally, as applicable. You may also be required to negotiate sale agreements for other credit technologies. This role will involve collaborating cross-functionally with colleagues in both the US and UK.

You will support the development and implementation of a CDR and power sales strategy for the BECCS project in partnership with the Senior Vice President of Commercial and the larger Commercial team by: leading the origination and negotiation of long-term, multi-million sales agreements of the Carbon Dioxide Removal credits (CDR) and renewable energy generated from to-be-constructed bio-energy carbon capture and sequestration (BECCS) plants developed by Drax in the US and/or abroad (as applicable). Negotiation of sale agreements of other credit technologies may also be required. This will include working cross-functionally with colleagues in the US and UK.

About The Role

- As the Director of Origination, you’ll be responsible for, but not limited to

- Supporting the development and implementation of a BECCS project CDR and power sales strategy in concert with the SVP – Commercial and larger Commercial team by:

- Supporting identification of target customers, brokers, and counterparties and working with these entities to secure long-term sales agreements in support of the project's Financial Investment Decision (FID).

- Coordinating with Finance, Development, Delivery/Execution and other teams to structure deals with pricing and tenor necessary to support FID and appropriately de-risk project construction.

- Lead and support on transaction negotiation (or oversee employees leading a negotiation) working in tandem with Legal to secure critical sales or “offtake” agreements of CDRs and/or renewable energy in support of FID timing; all of which will vary depending on and the location of the relevant project and the specific requirements of this project.

- Developing and building upon carbon market knowledge and interface with Carbon Markets Team in the UK, in support of sales of BECCS CDRs and/or other credit sales.

- Working closely with Development, Delivery/Execution, Finance, and Legal teams to support transaction structuring that meets financial objectives, on the necessary timeline and de-risks projects as effectively as possible.

- Engaging with Drax and Elimini Senior Leadership Team as necessary to deliver objectives / outcomes.

- Supporting efforts led by M&A team where necessary.

What you’ll bring:

To excel in this vital role, you’ll need:

- Significant experience working in the energy sector and power in markets across the US.

- Demonstrate your experience negotiating large, complex energy sale contracts in markets across the US in support of project FID or “Notice to Proceed” (NTP), including the ability to understand negotiation leverage, or lack thereof, and implement this understanding to work through issues to achieve an executable contract in support of project FID.

- Experience working in the renewable energy project development (or similar) sector with a strong understanding of the key tenets of project development/construction/pricing and how to manage project uncertainties in tandem with long-term PPA negotiation.

- Present information to a wide range of stakeholders with impact and clarity; an excellent communicator able to present and influence at all levels of the organization.

- A problem solver and a team player with high self-awareness and the ability to adapt influencing style to build relationships and get results.

- You’ll take initiative to drive activities and delivering results while employing your analytical skills, financial knowledge and critical thinking to assess the strategic fit of opportunities as they arise and progress and be able to move on from opportunities that appear not to be “real”, or at least “table” these for later discussion.

Who are Elimini?

Elimini is a Drax company. Our purpose is to ‘remove carbon for good’ with the ambitious goal of becoming the world’s leading carbon removals company by removing millions of tonnes of carbon dioxide from the atmosphere while generating 24/7 renewable power through the global deployment of BECCS

We are partnering with innovative institutions who will provide their expertise and support to help us push the boundaries of carbon capture technology and play a critical role in delivering climate solutions on a world-changing scale.

We’re committed to making a tangible impact on the climate challenge we all face. Elimini is where your individual purpose can work alongside your career drive. We work as part of a team that shares a passion for doing what’s right for the future. With Elimini you can shape your career and a future for generations to come.

Together, we make it happen.

At Drax, we’re committed to fostering an environment where everyone feels valued and respected, regardless of their role. To make this a reality, we actively work to better represent the communities we operate in, foster inclusion, and establish fair processes. Through these actions, we build the trust needed for all colleagues at Drax to contribute their perspectives and talents, no matter their background. Find out more about our approach here.

Talk to us about flexible working!

How to apply:

Think this role is for you? Click the ‘apply now’ button to begin your Elimini journey.

If you want to find out more about Elimini and Drax, check out our LinkedIn page to see our latest news.

We understand that you may have some additional questions about the role. If you’d like to have a confidential chat to discuss the role in more detail, please email Kenyetta.Boatner@drax.com