Commercial Analyst – Renewable Energy

December 1, 2021 | Comments Off on Commercial Analyst – Renewable Energy

Commercial Analyst - Renewable Energy

Algorithmic Energy Management & Optimization

Location. Applicants can be based in London Bishopsgate, EC2N Oslo or Dusseldorf

If you're a professional or graduate with skills in Mathematics, Physics, Computer Science, Engineering or Business, you might be our new colleague

You can start a career that helps to solve the climate crisis, with Statkraft. As a commercial analyst in algorithmic energy management and optimization you will leverage the power of digitalization to trade and steer flexible assets autonomously. Realise the potential of renewable energy. Make a positive impact on our planet.

Why Statkraft?

Statkraft has been making clean energy possible for over a century. That's what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. Because in the fight against climate change, we don't see renewable energy as part of the solution. We believe it must be the solution. With us, you'll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

But there's more work to be done. That's why we need you to join us.

Working in Algorithmic Energy Management & Analysis Team

Energy Management is responsible for energy management of all Statkraft's own and 3rd party assets and consumers in Europe, delivering production planning and access to physical energy markets. We also deliver weather, hydrology, climate and market analysis across Statkraft

The Algorithmic Energy Management and Analysis Team is responsible for developing and implementing algorithmic trading and virtual power plant solutions that automatically balance renewables, trade and steer asset flexibility in real-time and run proprietary trading activities. Additionally, the team is responsible for developing and managing renewable power production forecasts in order to commercially optimize Statkraft's portfolio in the relevant energy markets. The exciting and innovative projects the team works on together with the trading desks are revolutionizing Statkraft's energy management operations and helping to keep Statkraft as a leading market participant in the complex energy markets of the future.

The energy sector is currently facing a strong transition towards digitalization and automation driven by decentralisation of generation and increased market dynamics. In order to handle the resulting increased complexity efficiently, Statkraft makes use of algorithmic trading and virtual power plant solutions that automatically balance renewable generation, steer asset flexibility in real-time and run trading activities. These algorithms make millions of decisions per day to send orders to the power exchange and steer the physical assets. They are backed up by our state-of-the-art data science infrastructure and monitoring solutions, which need to be continuously developed further.

Key responsibilities

As Commercial Analyst in the Algorithmic Energy Management and Analysis Team you'll:

  • Develop, improve and document robust optimisation algorithms for a wide class of flexible assets such as batteries, pumped and hydro storages, CCGT's, gas engines and CHPs
  • Develop and improve trading algorithms for flexible assets in all relevant short-term markets for 3rd party assets and Statkraft's continental asset fleet
  • Contribute to an "analyst in charge" duty to support the operationally running flexibility trading algos
  • Support the sales team in growing the customer portfolio. Join regular customer meetings and present analyses regarding the customers assets and trading strategies. With a focus on customer satisfaction and continuous improvement you deliver innovative contributions which strengthen our operations.
  • Collect and engineer the data necessary for modelling
  • Contribute to further developing the business and its profit by establishing models and procedures that facilitate extracting the market value of our portfolio

About you:

We are looking for graduates and professionals with backgrounds in Mathematics, Physics, Computer Science, Engineering or Business with the essential skills to future-proof our business and renewable energy solutions. That includes knowledge in:

  • Excellent university degree, e.g. in mathematics, physics, computer science or business with strong quantitative focus
  • Strong analytical skills, commercial mind set, quick learner
  • High diligence and quality in coding and model development preferably experience in Python
  • Modelling and programming experience, experience with (stochastic) optimization
  • Experience as an intraday power trader is an asset
  • Experience with the UK short term power markets is an asset
  • Ability to solve analytical problems in limited time when necessary
  • Proactive and independent way of working, high reliability, strong communication skills

At Statkraft, we're always looking for people with great social and communication skills. People who love to lead, teach and help others learn. English language fluency is necessary, other languages an advantage.

What we offer

A career with Statkraft is a career filled with purpose - meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities and our environment first.

With us, you'll shape a career that is truly forward-facing with many amazing opportunities and offerings to match. This includes:

  • Unlimited learning opportunities at various levels of the organisation including Linkedin Learning and our internal competence development system "Motimate"
  • The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds
  • The opportunity to work somewhere with pride, and to be able to honestly say "My work is contributing to saving the planet"
  • A work culture that puts emphasis on the individual, offering flexible working solutions, parental leave and work life balance principles
  • A focus on fun outside of work, supported by various activity groups.
  • Statkraft offers competitive terms of employment and benefits schemes, and we're a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice, not chance.

Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorisation.

For more information about the job, please contact Konstantin Wiegandt Head of Algorithmic EM & Analysis, via e-mail:

By applying for this role, your details will be sent to Ortolan People, who are acting as consultants for the hiring company. Ortolan People are engaged to provide recruitment support in processing applications. We will endeavour to respond to all applicants within three working days. Occasionally for roles with a very high volume of applicants, this may not be possible.