Spruce delivers comprehensive energy servicing solutions for the solar and energy efficiency sectors. Spruce owns nearly 50,000 residential rooftop solar systems, making it the largest private residential solar company in North America.
Spruce, through its servicing subsidiary Energy Service Experts (ESE) is the nation's #1 independent residential solar servicing company, and offers customers (corporate and consumer) a comprehensive, end-to-end servicing solution including financial asset management, account services, billing and collections, fleet management, and customer support to third-party asset owners and retail customers. ESE serves more than 70,000 customers and services more than $1 billion in assets in the United States.
The Associate, Energy & REC markets will report directly to the Senior Vice President, Corporate Development and integrated into Spruce's corporate development group. Since mid-2019, Spruce has acquired and financed nearly 150 megawatts of residential solar assets. As a member of the Corporate Development team, this role will provide critical insight in a fast-paced, deal focused environment.
Spruce is headquartered in Houston, with a presence in San Francisco & Boulder.
Key responsibilities include:
Provide insight related to U.S. SREC/REC markets to support the Company's M&A and portfolio management/optimization goals
Work directly with SREC/REC buyers & brokers to develop strategies for monetizing environmental attributes to both maximize value and reduce overall risk to the platform
Provide retail and wholesale energy markets expertise to support Spruce's M&A and underwriting efforts related to community solar, C&I, and other solar and energy assets where retail or wholesale power prices are a value driver
Provide insight related to state and national-level policy which may impact the value of environmental attributes, retail power, net metering, etc.
Minimum 2 years experience in a role with primary focus on buying, selling or trading environmental attributes
Deep understanding of SREC/REC market dynamics across various markets
Direct or indirect experience negotiating SREC purchase agreements
General experience with U.S. wholesale and retail power markets preferred
Spruce is a place where smart people with inquisitive, action-oriented backgrounds thrive. Bachelor's degree with academic success is required. Graduate degree, or equivalent experience, strongly preferred
Spruce offers competitive benefits in a collaborative, purpose-driven, results-oriented culture
EQUAL OPPORTUNITY EMPLOYER
We value a diverse work environment. Spruce is an equal opportunity employer and hires without consideration to race, religion, national origin, age, gender, sexual orientation, marital status, veteran status or disability.