Commercial Analyst - Algorithmic Energy Management - 2 year contract in Düsseldorf bei Statkraft

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

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.

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

• Develop and improve trading algorithms for managing flexible assets, balancing renewable generation, and executing various trading strategies
• Contribute to the improvement of our algorithmic trading and monitoring systems
• Develop, maintain and document robust optimisation algorithms and market models
• 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
• Analyse and improve our renewable production forecasting methodologies, develop methodologies to ensure data quality in automated processes

The primary focus of this role will be in the domain of renewable power production forecasting

We are looking for graduates and young 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 as an intraday power trader 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.

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 an