Asset Manager

Aypa Power, a Blackstone portfolio company, is a leading developer, owner, and operator of utility-scale energy storage and hybrid renewable projects that power our communities and cities. Our mission is to responsibly decarbonize the grid and make North American energy markets more affordable, sustainable, and efficient. Aypa is well-capitalized and uniquely positioned to lean forward on projects with well-suited deal structures to meet our customers’ needs. We have been at the forefront of energy storage development since our first energy storage project came online in 2018. As a leader in our industry, we have over 22 GW of utility-scale energy storage and hybrid renewable energy projects in development and 33 projects in operation or construction across North America. 

The Senior Asset Manager is responsible for maximizing the operational, financial, and strategic value of a regional portfolio of utility-scale Battery Energy Storage Systems (BESS) and hybrid BESS + Solar operating assets. This role integrates support of field oversight and operational optimization, commercial strategy, and financial value creation to ensure assets consistently perform at or exceed their investment thesis and contractual and regulatory obligations.

The successful candidate will serve as the primary operational leader for their assigned portfolio, optimizing asset performance, and driving continuous improvement initiatives across the portfolio. This position requires strong commercial acumen, proven leadership capabilities, and expertise in utility-scale renewable energy and storage operations. The role reports directly to the Vice President of Asset Management.

Key Responsibilities

• Own the overall financial performance (P&L) of assigned BESS and Solar + BESS operating assets, including revenue optimization, expense management, and variance analysis against budget and investment thesis;
• Develop and manage annual asset budgets and long-term financial forecasts (3-5 years) for the portfolio, incorporating market dynamics, regulatory changes, and operational improvements;
• Manage adherence to compliance obligations for operating agreements including PPAs, credit agreements, company operating agreements, leases, easements, O&M agreements, long-term services agreements and compliance agreements;
• Support cash management, forecasts and liquidity planning in collaboration with Portfolio Finance;
• Partner with Operations, O&M providers, and Performance Engineering to monitor and improve asset performance, utilizing data systems and historical operational data;
• Establish and track Key Performance Indicators (KPIs) including availability, uptime, state of charge, round trip efficiency, financial health metrics, and other asset-specific metrics;
• Identify performance gaps and anomalies, implementing corrective actions and continuous improvement initiatives to maximize energy generation and revenue;