ERCOT Power Trading Analyst

IE US Operations Inc., the employing entity, is a proud member of the IREN Group and we are currently looking to hire!

IREN is a leading next-generation data center business powering the future with 100% renewable energy. We build, own and operate our data centers and take pride in being at the forefront of sustainable solutions for the ever-evolving applications of high-performance compute. We believe that human progress is invaluable, but it should be done in the right way – responsibly, sustainably and having a positive impact on the communities we operate in.

We have grown substantially since 2019, from our inception in Australia to now having several facilities across North America and being listed on NASDAQ… and we are just getting started! By joining us, you will be contributing to the future of sustainable high-performance compute and the local communities we strive to have a positive impact on.

We value diverse perspectives and believe that skills can be developed. If you’re passionate about this role, we want to hear from you — whether you meet every criteria or not. Your unique experiences might be exactly what we need!

Apply today to be considered for an exciting opportunity with us.

The ERCOT Power Trading Analyst at IREN will play a key role in managing and optimizing the energy procurement strategy for our data centers within the ERCOT market. This position is critical to ensuring that our data centers operate cost-effectively by managing energy flows in real-time, mitigating risks, and seizing market opportunities.

Responsibilities :

• Manage and mitigate energy-related risks for our data center operations within the ERCOT market.
• Optimize power procurement by analyzing real-time market conditions and positions, ensuring cost-effective energy usage.
• Conduct real-time trading and scheduling for the purchase and sale of electricity and ancillary services to meet the demands of our data centers.
• Collaborate closely with energy managers and other stakeholders to communicate real-time market conditions and trading decisions.
• Ensure compliance with ERCOT and FERC regulations, including emergency response procedures to maintain uninterrupted data center operations.
• Analyze large datasets related to energy consumption and market prices, presenting findings to inform strategic decisions.
• Prioritize tasks to meet deadlines in a high-pressure environment, ensuring the continuous operation of our data centers.
• Anticipate and manage 2-3 energy programs, taking full accountability for their outcomes.
• Regularly monitor models, tools (like Grafana and ARCUS), curtailments, and predictive measures to forecast future conditions such as coincident peaks (CPs).
• Serve as the main operations and commercial contact for power consumption, overseeing daily operations from optimization to settlements, and managing relationships with key external vendors.
• Conduct real-time trading and scheduling for electricity and ancillary services, including hedging strategies and monitoring market developments such as the forward curve, cost per KW/hr, and risk scenarios for seasonal changes.

Desired Skills, Qualifications and Competencies include:

• Bachelor’s degree required; a focus in Finance, Engineering, or a related field is preferred.
• A minimum of two (2) years of experience in the energy sector, with specific experience in real-time trading and operations within the ERCOT market highly preferred.
• Strong understanding of ERCOT market dynamics, including rules, protocols, and trading practices.
• Advanced proficiency in Excel for data analysis; familiarity with PowerPoint and Word.
• Excellent communication skills, both verbal and written, to effectively convey complex information to stakeholders.
• Basic analytical skills for pricing, risk assessment, and transaction structuring, with a focus on reducing power costs for data centers.
• Flexibility to work 12-hour rotating shifts in a 24/7/365 operation, including weekends and holidays as required.

Why IREN?

• Join a forward-thinking company at the intersection of data center innovation and energy management.
• Work in one of the most dynamic and competitive energy markets in the world.
• Competitive compensation package and benefits.
• IREN is committed to diversity and inclusion and is an equal opportunity employer.

The IREN Package:

• Short-term and Long-term Incentive Programs
• Extended Health and Dental Benefits
• 2 weeks paid vacation
• Location: Texas

IE US Operations Inc., the employing entity and proud member of the IREN Group is an equal opportunity employer that is committed to creating an inclusive workplace. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, genetic information, national origin, disability, veteran status, and other legally protected characteristics.

This job will remain posted until filled. While we appreciate all applications we receive, we are only able to contact candidates under consideration.