Origination Associate

Peregrine Energy Solutions is seeking an experienced and analytical professional to join our Asset Management department as a Principal Asset Optimization Analyst.

This role is responsible for overseeing and managing the commercial performance and market participation of Peregrine’s operating merchant battery storage assets. The primary objective is to maximize asset value through third-party optimization, active market engagement, and rigorous data analysis—while ensuring compliance, reliability, and asset health.

The position will also support long-term market and analytics initiatives that enhance Peregrine’s broader BESS development portfolio and market strategy.

This position can be remote with local candidates in the Denver area preferred.

Specific Job Functions:

- ‍‍Monitor market trends, regulatory developments, and competitive dynamics to identify new business and revenue opportunities.

- Translate market intelligence into actionable commercial strategies and dispatch priorities.

- Partner with senior leadership to develop and implement portfolio-level optimization frameworks across multiple ISOs/RTOs (ERCOT, PJM, SPP, MISO).

- Support companywide initiatives to improve revenue forecasting, risk management, and energy trading capabilities.

- Oversee daily dispatch and scheduling in collaboration with third-party optimization and QSE providers.

- Develop and refine trading and bidding strategies to optimize real-time and day-ahead performance.

- Maintain understanding of battery system capabilities and limits (state of charge, cycle life, degradation, thermal management, inverter constraints).

- Ensure compliance with risk policies, warranties, and regulatory requirements.

- Build operational readiness to manage obligations while preserving long-term asset health.

- Manage relationships with optimization vendors, software providers, and schedulers.

- Identify, integrate, and manage data sources for market forecasting, congestion modeling, and revenue analysis.

- Lead the development of dashboards and KPIs to monitor asset performance (e.g., revenue per MWh, availability, efficiency, degradation rate, forecast accuracy).

- Collaborate with Market Analytics to analyze historical data and refine forecasting models.

- Support the development of quantitative tools for scenario analysis, risk evaluation, and performance benchmarking.

- Participate in contract and vendor negotiations to ensure commercial alignment.

- Work closely with cross-functional teams including Asset Management, Operations, Market Analytics, Finance, and Development.

- Provide commercial and analytical input during project development.

- Mentor analysts or staff to build a high-performing optimization function.

Experience and Education Requirements:

- Bachelor’s degree in Engineering, Finance, Economics, Mathematics, or a related field (Master’s preferred).

- Minimum of 5 years’ experience in energy market analytics, trading, or asset optimization.

- Strong understanding of U.S. ISO/RTO markets (ERCOT, SPP, PJM, MISO).

- Experience with energy storage optimization, market participation, and risk-adjusted forecasting.

- Proficiency in data analytics tools (Python, SQL, MATLAB, Power BI, or R).

- Experience with third-party QSEs, optimization software, or scheduling providers.

- Excellent communication and stakeholder management skills.

‍Salary: The salary range for this position is $120,000 – $150,000 annually. Final compensation will be determined based on relevant experience, technical skills, education, certifications, and alignment with the role’s responsibilities, as well as internal equity considerations.

Bonus: This position may be eligible to receive an annual cash incentive bonus capped at a % of your base salary and on your performance review.

Benefits: Current benefits include healthcare, dental and vision plans, a 401(k)-retirement plan, group life and disability insurance.

About Peregrine

Peregrine Energy Solutions is an integrated and multi-technology clean energy platform with a focus on utility scale energy storage that was established in 2022 through a partnership between Peregrine Energy Management and a global alternative investment manager with approximately $20 billion of assets. Peregrine Energy Solutions is a limited liability company formed in Delaware with headquarters located in Boulder, Colorado.