Offtake Counsel

Job Description

Job Description

Salary:

Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by BlackRocks Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of 787.5/1375 MW of utility-scale energy storage projects operating or in construction in the U.S., with a leading pipeline of over 11,000 MW in active development.

The Role

Jupiter seeks to grow its team with the recruitment of a highly motivated attorney to serve as Offtake Counsel, reporting directly to the General Counsel. The ideal candidate will have experience in a broad range of legal disciplines, project development and operations, project finance and tax equity, trading activities and associated agreements and transactional work, preferably in the renewable energy, battery energy storage and/or power markets. The successful candidate will be able to work on a range of legal issues for the company, as well as business and strategy matters.

Responsibilities

• Negotiate, draft, and advise on commercial power contracts including complex offtake, power purchase agreements and hedging transactions (virtual and physical), energy management agreements, registration with commodity brokers, transactions under ISDAs, EEI and the related confirmations, tolling transactions, capacity purchase transactions, and supporting parent guarantees/credit support.

• Advise on finance ability of commercial transactions.

• Work with the origination, engineering, asset management, and market operations teams to understand the operation of battery energy storage systems for advising on applicable agreements.

• Advise market operations on operational matters including the negotiation of qualified scheduling entity contracts and related matters.

• Advising on the Companys risk policy for planning, forecasting, procurement, trading, buying, selling, and scheduling of energy, ancillary services, and capacity products.

• Advise on trading activities and draft associated agreements.

• Provide legal support to Jupiters development, construction, finance, operations, corporate, compliance and trading teams as needed.

• Draft, review and negotiate legal agreements spanning project, corporate, M&A and transactional areas.

• Advise and work on other areas of legal matters as needed including garden variety agreements.

• Hire and manage outside legal counsel and billings.

Jupiter seeks individuals eager to develop their core professional knowledge, learn new areas of the business and take on additional responsibilities within Jupiters dynamic team. Secondary responsibilities will be tailored to individual candidate backgrounds as well as company priorities.

Preferred Skills, Knowledge and Abilities

• In-house experience preferred.

• Experience with origination, offtake transaction and power trading activities required.

• Comfortable with ambiguity and making business decisions with limited information.

• Eagerness to wear multiple hats depending on business needs and project priorities.

• High comfort level with small teams and organizations, with the curiosity and enthusiasm to innovate and formulate new ideas and to bring the best out of co-workers.

• Must be able to take ownership and initiative in order to be to be effective within a highly motivated, fast-moving team and complete tasks in a timely manner.

• Ability to work outside of normal business hours.

• (Preferred) Familiarity with energy storage, renewable energy technologies and deployments, and generation, transmission and power markets.

Required Education & Experience

• Bachelors and JD required.

• Must be licensed to practice law in the jurisdiction of applicable office location.

• At least 5-10 years of legal experience required.

Physical Requirements and Environment

This role is office-based with limited travel required. Candidates must be able to work out of a Jupiter Power office a minimum of three days per week. Candidates will be required to sit or stand for extended periods of time, and must be able to lift up to ten pounds repetitively

Compensation & Benefits

$170,000 - $200,000

This pay range reflects the minimum and maximum target salary for the position. Jupiter Power considers a number of factors when determining starting compensation such as the position requirements and the candidate's qualifications.

In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus and equity programs. Jupiter Power offers a variety of other benefits including paid time off, 401k with limited matching, health benefits (medical, dental, and vision), life insurance, disability insurance, and flexible spending accounts.

Jupiter Power does not discriminate based on a candidate's race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, disability, or any other protected class.