Director of Strategy and Procurement

Who we are: 

Electra is electrifying ironmaking to decarbonize steelmaking and eliminate 3.7 gigatons or 10% of global CO2 emissions. Leveraging proven industrial-scale electrochemical and hydrometallurgical processes, and backed by leading sustainability-focused venture capitalists, our team is developing lower cost, scalable solutions utilizing intermittent renewable energy to forge a cleaner, greener future for the trillion-dollar steel industry.   

With a uniquely collaborative culture, endless passion for developing disruptive technologies, and the opportunity to revolutionize carbon-intensive manufacturing industries, careers at Electra offer challenge, reward, and the chance to bring to market solutions that dramatically improve the health of the planet. 

What you will do: 

As a key member of Electra’s Business Development team, the Director of Energy Strategy and Procurement will be responsible for and provide leadership and direction in all areas of power supply identification, power supply contract negotiation and management, resource and generation development and maintenance, load management, fuel supply and cost exposure / hedging, wholesale power cost analysis, resource planning for Electra in North America and globally. As the Director of Energy Strategy and Procurement, you will participate in corporate strategy planning and goal setting for the organization.  

Essential Duties and Responsibilities: 

• Define new, step-out opportunities for renewable energy supply with a focus on low-cost power source opportunities to support an accelerated growth path 
• Define and recommend low OPEX, green power supply options that meet timeliness and low-cost objectives, including effective contracting strategies to minimize costs and exposures 
• Ensure rigorous analysis and models are completed for identifying, managing, and mitigating the risks and constraints related to the power sourcing needs by evaluating generation, load, transmission, markets, TDSP’s, Utilities, ISO’s, policy makers and commercial needs; Ensures that projections of load, resources, and power cost are competently prepared and are reasonable 
• Track trends in power policy by geographic region; monitor and report on potential risks
• Track potential government grant options for Electra and make recommendations on priority opportunities
• Build relationships and recommend strategic and commercial partnerships on low cost, green power supply for Electra
• Contract due diligence and negotiations for renewable and other power supply contracts and purchase price agreements
• Develop long-range plans for power supply alternatives
• Undertake Cost of Service Audits for all power supply contracts and transmission agreements
• Evaluate trading and hedging strategies as appropriate
• Create and develop innovative commercial structures, including leasing and other contracting/financing solutions within limits of commercial/operational/technical/financial/legal requirements
• Review plans and transactions with senior management and others as needed in approval processes
• Analyze business plans, emerging technologies, strategy, and acquisitions and divestitures for potential fit into the solution portfolio
• Develop business relationships with existing and emerging generation technologies, utility commissions and related entities etc.
• Originate, analyze, negotiate and structure asset financing and energy-based commodity transactions
• Work with resources including IPPs, market groups and trade associations, financial organizations, trading houses, and other experts, as necessary to advance Electra’s power goals.
• Assess and navigate regulatory structures, policies and modalities and guidance regarding new and existing regulatory policies 

 What we need you to bring to the team: 

• High-powered self-starter with superior problem solving and proven high-level communication/interpersonal, negotiation, and organizational skills (business, technical and financial).  
• MBA or master's degree in applicable field 
• 15 years prior experience required in electric utility operations / planning with increasing responsibility in the areas of demand and supply resource planning, power supply contract negotiations, fuel purchasing, and generation development 
• 10 years previous experience working with executives/senior management 
• Successful track record in contract negotiations and power deal making 
• Deep experience with wide variety of power transactions, negotiations, and financing structures, including power offtake buy/sell, derivatives, asset-based transaction, and finance-based transactions in a variety of markets 
• Formal project management training / experience.  
• Knowledge of the technical, economic, and policy aspects of power supply and transmission planning processes and techniques 
• Ability to work with ambiguity, influence without authority, and communicate vision and risks. 
• Understanding of energy modeling system and methods
• Experience creating and delivering presentations of complex business and technical subject matters
• The ability to adapt quickly to changing processes and responsibilities
• Excellent interpersonal and communication skills
• Strong Financial and Business analytics. And ability to analyze complex information and make decisions and recommendations  
• Must understand organized electricity markets, market structure issues and regulatory requirements / oversight
• Strong internal drive for excellence and service orientation are needed.
• Ability to travel as necessary 

What we want you to bring to the team:  

• Experience or the desire to be in a dynamic startup environment 
• A critical thinking mindset and focus on finding answers 
• A desire to challenge yourself and take on increasing responsibilities as the company grows 

Compensation:  

• The anticipated starting pay range for this position is $160,000 - $220,000 annually and may be more or less depending upon skills, experience, and education.   

Benefits For You: 

• 100% paid premiums across all medical, dental, vision, telemedicine, short-term disability, long-term disability, and basic life insurance plans 
• Unlimited PTO 
• $1,800 in annual employer HSA contributions (health savings account) 

Benefits For Your Family: 

• 100% paid premiums across all medical, dental, vision, and telemedicine plans
• $3,600 in annual employer HSA contributions (health savings account)
• 12 weeks of paid parental leave and flexible return-to-work options 

Benefits For Your Future: 

• 401k with up to 5% matching contributions which vest 100% on day one 
• Eligibility for incentive stock options