Head of Origination

COMPANY OVERVIEW

174 Power Global, headquartered in Irvine, California, is an affiliate company of Hanwha Group, a FORTUNE Global 500 firm that is among the eight largest business enterprises in South Korea. 174 Power Global designs, builds and manages solar power plant solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. 174 Power Global offers the full spectrum of PV solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the solar value chain, 174 Power Global minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in solar energy.

174 Power Global has recently embarked to enter the energy retail market in deregulated markets throughout North America. Chariot Energy is a retail energy provider based in Houston, Texas. We offer electricity to homes and businesses, and it is our goal to provide products and services our customers love and an unmatched experience that is missing in today’s retail energy market.

174 Power Global has set out to have Chariot Energy become one of the leading energy retail providers (by RCE count) within 5-years of Chariot Energy’s launch.

POSITION OVERVIEW

We are seeking an experienced leader for the Head of Origination role, who will be responsible for executing Chariot Energy’s Retail and Wholesale Origination strategies as it pertains to the Company’s Gentailer business.  The Retail Origination activities include all structured load serving deals primarily focused on Large Commercial and Industrial customers including the opportunities coming from other Hanwha affiliates and their investments.  Wholesale origination will be primarily focused on executing Tolling Arrangements and Structured Power Purchase Agreements (PPAs) that are pivotal for the success of Chariot Energy’s Gentailer business.

This role will report to the Chief Risk Officer and will work closely with Trading, Risk Management, Energy Analytics, Strategy and Retail Sales teams in structuring and executing the commercial aspects of energy projects and helping fulfill the company's growth strategy within North America.

This position is in Houston, and the ideal candidate will be within commutable distance to the Houston office location. The position will be located out of the Chariot Energy Houston office.

RESPONSIBILITIES

• This role is responsible for working closely with CRO, COO and CSO to formulate the overall Wholesale and Retail Origination strategy and develop the deal pipeline


• Working closely with Structuring, Trading and Risk Management teams, responsible for executing the full transaction cycle including deal structuring, customer pitch, negotiating transaction terms and deal closure


• Lead all origination efforts embedded as part of mergers and acquisitions and serving large C&I loads including Datacenters, Crypto Miners and Oil & Gas


• Build a strong network of wholesale counterparties, large retail customers and strategic brokers and foster a symbiotically beneficial partnership through regular value-added touch points


• Single point of responsibility for delivering all the KPIs associated with the Origination team

REQUIRED QUALIFICATIONS

• Bachelor’s degree in Business Administration, Finance, Economics, or related field of study.


• Minimum 10 years of experience in energy industry with a minimum of five (5) years of experience in


• power origination and trading.


• A solid track record of success in generation P&L from execution of wholesale tolling arrangements and PPAs.


• Experience with structuring, negotiating, and executing retail power service agreements for large commercial and industrial customers.


• Established a network of industry contacts with corporate entities and trade associations.


• Demonstrated proficiency in the dynamics of wholesale electricity markets.


• Demonstrated ability to lead, structure, negotiate, coordinate, and execute power sale agreements together with internal and external advisors.


• Working knowledge of Regional Transmission Organization (RTO) operations, electric transmission and power generation and storage technologies.


• Strong sales, networking, leadership, negotiation, and time management skills.


• Ability to prepare marketing materials, presentations and proposal materials needed to pitch origination opportunities to customers.


• Strong verbal and written communication skills and high level of attention to detail.


• Results oriented leader with the ability to work independently while effectively interfacing with the various cross-functional employee groups.


• Strong knowledge of power fundamentals and market rules/structure.


• Advanced aptitude for problem solving and multitasking.


• Deadline-oriented with an ability to prioritize tasks.


• Comfortable working in a fast-moving dynamic environment.


• Advanced experience with Microsoft Office Suite Apps: Excel, Access, PowerPoint.


• Eligible to work in the USA for any employer without sponsorship.

COMPENSATION: $230,000-$300,000 Salary

Chariot Energy provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. www.mychariotenergy.com