Power Markets Analyst

About Stem
Stem (NYSE: STEM) is a global leader in AI-enabled software and services that enable its customers to plan, deploy, and operate clean energy assets. The company offers a complete set of solutions that transform how solar and energy storage projects are developed, built, and operated, including an integrated suite of software and edge products, and full lifecycle services from a team of leading experts. More than 16,000 global customers rely on Stem to maximize the value of their clean energy projects and portfolios. Learn more athttp://www.stem.com.

Stem's culture embodies diversity & inclusion beyond the traditional facets of gender, ethnicity, age, disabilities, and sexual orientation to include experience, personality, communication, workstyles, and more. At our core, Stem is at the momentous intersection of clean energy and software technology where diverse ideas, experiences, and professional skills converge to make the inclusive culture we have today. Together, we are turning old school thoughts about software and energy into progressive, collaborative, and innovative solutions. By joining our team, you will be collaborating with data scientists, energy experts, skilled salespeople, thought-leading executives and more from a range of backgrounds. This intersection of ideas, beliefs, and skills is what makes us unique enough to lead the world's largest network of digitally connected energy storage systems.

Position Overview

As a Power Markets Analyst at Stem, you will support the Power Markets Advisory service line by developing quantitative models, conducting market research, and providing analytical insights to support client engagements focused on energy storage and renewable asset optimization. You will work closely with the Principal, Power Markets Advisory to deliver revenue modeling, market analysis, and strategic recommendations to developers, investors, and utilities navigating wholesale power markets and local utility/state revenue streams.

This role offers the opportunity to work with real operational asset data, cutting-edge analytics, and emerging market structures while supporting high-value client advisory engagements across key ISO/RTO and state markets.

Key Responsibilities

Quantitative Modeling & Analysis

• Develop and maintain detailed revenue models for solar, storage, and hybrid asset portfolios across multiple ISO/RTO markets
• Build and refine financial models incorporating wholesale energy, ancillary services, and capacity market revenues
• Conduct scenario-based analysis and sensitivity testing for merchant revenue assessments
• Create benchmark comparisons using external consultant curves and internal operational data

Market Research & Intelligence

• Monitor and analyze evolving wholesale market structures, rules, and regulatory developments
• Track policy changes and their potential impacts on front-of-the-meter (FTM) and behind-the-meter (BTM) solar and battery energy storage system (BESS) projects
• Research emerging value streams and market opportunities for energy storage assets across wholesale and distributed energy markets
• Analyze congestion patterns, locational marginal pricing trends, and transmission constraints
• Monitor state-level incentive programs, net metering policies, and distributed generation compensation mechanisms
• Maintain databases of market fundamentals, pricing data, and regulatory updates

Client Support & Deliverables

• Prepare technical analyses, reports, and presentations for client engagements
• Support project feasibility assessments and economic evaluations
• Assist in developing client-specific market participation strategies
• Contribute to white papers, market insights, and thought leadership content
• Participate in client meetings and presentations as needed

Internal Collaboration

• Work closely with Product, Engineering, and Operations teams to ensure market insights inform platform development
• Support business development efforts by preparing market collateral and analytical support materials
• Collaborate with Sales and Marketing teams to develop client-facing content
• Provide analytical support for internal strategic planning and market positioning

Required Qualifications

• Bachelor's degree in Engineering, Economics, Finance, Mathematics, or related quantitative field
• 2-5 years of experience in energy markets, financial modeling, or quantitative analysis
• Proficiency in Excel and familiarity with Python, R, or similar analytical tools
• Basic knowledge of wholesale electricity markets and market structures
• Experience with financial modeling and data analysis
• Understanding of energy storage technologies and renewable energy projects preferred
• Strong analytical and problem-solving skills with attention to detail
• Excellent written and verbal communication skills
• Ability to work independently and manage multiple projects simultaneously

Preferred Qualifications

• Master's degree preferred.
• Experience with energy storage or renewable energy project development
• Familiarity with ISO/RTO market operations and rules (ERCOT, CAISO, PJM, NYISO, ISO-NE)
• Knowledge of energy storage value stacking and optimization strategies
• Experience with power market modeling software (PLEXOS, PowerWorld, etc.)
• Understanding of utility-scale and distributed energy resource markets
• Previous consulting or advisory experience in the energy sector

What We Offer

• Opportunity to work with cutting-edge energy storage technology and real operational data
• Exposure to high-profile client engagements across the energy sector
• Professional development in rapidly evolving energy markets
• Collaborative work environment with cross-functional teams
• Competitive compensation and benefits package
• Career growth opportunities within Stem's expanding advisory services

Location: Remote
Travel: 10-15%

What We Offer:

At Stem, you will work in a growing, innovative, mission-driven company with talented colleagues that have a passion for building renewable energy systems.Stem offers competitive compensation as well as a comprehensive set of benefits to support the health and wellness of our employee including:

• A competitive compensation package, including eligibility for a bonus or commission based on the role, and equity
• Full health benefits on the first day of employment (several medical plan options-HDHP and PPO, dental plans, FSA/HSA-with employer contribution, employer paid vision/LTD/STD/Life, variety of voluntary coverage)
• 401k (pre- or post-tax) on first day of employment
• 12 paid calendar holidays per year
• Flexible time-off

Learn More

To learn more about Stem, visit our stem.com where you'll find information about our solutions, technology, partners, case studies, resources, latest news and more. Here are some relevant links:

• Company Overview
• Newsroom
• Case Studies
• LinkedIn

Stem, Inc. is an equal opportunity employer committed to diversity in the workplace and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, religion, national origin, ethnicity, citizenship, sexual orientation, gender identity, age, marital status, disability, genetic information, military status, protected veteran status or any other factor protected by applicable federal, state or local laws.