Energy Markets Optimization Specialist at IREN in Fort Worth, TX

Job description

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. 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. The Energy Markets Optimization Specialist/Manager role at IREN will execute energy trading and optimization activities across our data centre portfolio, with a primary focus on ERCOT. Acting as an energy transaction specialist, the successful candidate will manage day-ahead and real-time market exposure, execute transactions and hedges across the portfolio, support wholesale procurement, optimize CRRs, demand response and ancillary services participation, and provide market intelligence that helps reduce energy cost, manage volatility and capture commercial value. The role requires strong power market knowledge, disciplined risk management and the ability to work closely with operations, finance, site development, QSEs, retail electric providers and external counterparties. Responsibilities Execute energy trading and optimization strategies across IREN's operating portfolio, with initial focus on ERCOT day-ahead and real-time markets. Execute transactions across the portfolio, including PPAs, swaps, futures, options and structured products. Monitor market fundamentals, load forecasts, weather, generation outages, transmission constraints, congestion, fuel prices and ISO market conditions to inform trading decisions. Application of fundamental analysis to time transactions off market intelligence and fundamental views. Execute hedges and support hedge structuring and monetization strategies for wholesale power exposure to optimize portfolio value, including trade recommendations, position tracking, risk-limit compliance, daily valuation of open positions and mark-to-market reporting. Manage FTR/CRR, basis, congestion, ancillary services and demand response positions to hedge basis risk across nodal price differences, reduce delivered energy cost and capture incremental revenue. Support origination, structuring and valuation of new PPAs as the portfolio grows. Coordinate with QSEs, retail electric providers, schedulers and counterparties to support nominations, bidding, settlements, imbalance management and operational execution. Maintain counterparty, broker and exchange relationships to support efficient execution. Partner with Operations and Site Development on real-time load management, dispatch decisions, curtailment economics, interconnection analysis and nodal price exposure. Maintain accurate trade capture, position reporting, P&L analysis, settlement review and documentation in line with internal controls and risk policies. Prepare market updates and commercial recommendations for the Head of Energy, Finance, Operations and senior leadership. Stay current on ERCOT and other ISO market rules, PUCT developments, NERC/FERC requirements and market-design changes that may impact IREN's operating cost, flexibility value or trading strategy. Requirements Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, Energy Management or a related quantitative field; advanced degree preferred. Minimum five (8) years of experience in wholesale power markets, energy trading, asset optimization, scheduling, risk management or energy portfolio management. Hands-on ERCOT experience strongly preferred, including day-ahead and real-time markets, nodal pricing, congestion, CRRs, ancillary services, settlements and QSE operations. Strong quantitative skills, includi