Shell Market Optimization Engineer-San Francisco, CA in San Francisco, California
Market Optimization Engineer-San Francisco, CA
No. of Positions:
Energy Platform Team
Shell’s Energy Platform team is leading Shell’s efforts to design, develop, deliver and maintain a global energy management platform that unlocks value across Shell’s Power business. The Energy Platform team aims to enable Shell’s efforts to harness the potential in its vast fleet of customers, energy assets, and power trading capabilities to deliver value across the energy industry value chain.
The Energy Platform team is a nimble, cross-functional, deeply technical and passionate group that embodies the speed and agility of a startup while embracing the scale of one of the largest companies in the world. Achieving a balance between agility and global scale provides unique opportunities, and the Energy Platform Team borrows from best-in-class product development, continuous delivery, and commercialization techniques while adapting them to the unique global context within Shell.
The Energy Platform team is empowered to coordinate and align Shell’s energy management platform objectives, strategies, and execution approaches across the company, as well as to design, deliver and maintain a mission-critical component of Shell’s ability to deliver differentiated products, offerings, and capabilities across its expanding global footprint.
The Market Optimization Engineer will lead the development of valuation and operational models and processes within the Energy Platform infrastructure to drive the logic and empower the trading strategies for Shell’s global energy market participation efforts. Responsibilities include:
Architect and maintain economic optimization models that drive Shell’s valuation of market participation in global wholesale electricity markets
Formulate and develop optimization models for market participation and optimal bidding strategy of Shell’s portfolio in global electricity markets
Conceptualize, formulate and develop bidding modules to incorporate multi-use application (i.e. customer, portfolio, grid, and market use cases) into Shell’s economic optimization platform
Develop risk mitigation strategies and turn into quantitate optimization model features for market transactions
Gather, monitor and maintain critical data sets required as inputs into Shell’s suite of market participation models
Support continuous market participation development processes by working cross-functionally with internal stakeholders (i.e. product management, software engineering, data science, fleet operations, asset management, strategy, commercialization)
Perform market research and codify processes required for market participation, identifying gaps and developing mitigation strategies
Support development of technical requirements for participation in global electricity markets and ensure requirements are properly incorporated into Shell’s suite of market optimization models
Act as market design expert to support identification of policy barriers and recommend solutions
Auto req ID:
IT Solution Development
Country of Work Location:
Shell is a global group of energy and petrochemical companies with about 84,000 employees across more than 70 countries. We aim to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible. We have expertise in exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals.
As a global energy company operating in a challenging world, we set high standards of performance and ethical behaviors. We are judged by how we act and how we live up to our core values of honesty, integrity and respect for people. Our Business Principles are based on these. They promote trust, openness, teamwork and professionalism, as well as pride in what we do and how we conduct business.
Building on our core values, we aspire to sustain a diverse and inclusive culture where everyone feels respected and valued, from our employees to our customers and partners. A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better energy solutions.
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date.
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All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws.
Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability.
California - San Francisco
Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Advanced engineering degree (Ph.D./ Master's degree in Operations Research, System Engineering, Electrical Engineering or Computer Science a plus) with 3+ years of experience working in the energy sector on development of trading strategies Experience in theory and application of optimization routines such as linear programming (LP), mixed integer linear programming (MILP), stochastic optimization applied in electricity markets
Experience in developing optimization models using commercial grade engines such as Gurobi, CPLEX or Xpress
Expert-level python programmer and experience with optimization solvers
Deep understanding of power economic dispatch modeling such as security-constrained unit commitment and economic dispatch, optimal bidding strategy, and production cost simulation
Deep understanding of energy storage dispatch operations and applications for value stacking
Deep technical knowledge of electricity market operations, processes, and products including uniform clearing price versus pay-as-bid, day-ahead and real-time structures, marginal pricing and optimal power flow, capacity products (general, flexible, adequacy) and ancillary services
Passion for working collaboratively with the team, including an embrace of co-formulation and -development of strategies, pair programming on critical components, and code reviews
Great communication and empathy skills
Candidates can be assigned in Houston and San Francisco
City, State (if applicable):
San Francisco, CA
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