What The Role Is

Reporting to the Senior Director, Market Optimization & Trading, the Manager of CRR & FTR Trading is responsible for developing, executing, and optimizing Clearway’s congestion management strategies through active participation in ERCOT and CAISO’s Congestion Revenue Rights (CRR) and Day-Ahead markets and the PJM Financial Transmission Right (FTR). This role focuses on identifying, analyzing, and monetizing congestion opportunities while managing the company’s nodal risk and basis exposure across its generation portfolio.  This role will also be tasked with developing hedging and risk management strategies across other parts of the portfolio. The position requires strong analytical, modeling, risk management, and trading skills to inform commercial decisions and support portfolio optimization within a rapidly expanding renewables platform.

What You'll Be Doing

CRR / FTR Trading & Position Management

• Develop and execute CRR, FTR, and congestion trading strategies to hedge and optimize portfolio congestion risk across ERCOT, CAISO, and PJM.
• Analyze historical and forecasted congestion patterns to identify trading opportunities in monthly and annual CRR auctions.
• Manage portfolio-level exposure to nodal price risk through CRR / FTR acquisitions, sales, and virtual positions.
• Support the Real-Time and Day-Ahead MOT team with congestion insights and locational pricing forecasts.
• Collaborate with Market Fundamentals, Asset Management, and Origination to align CRR strategies with commercial hedging and offtake structures.
• Monitor project-level financial performance tied to congestion costs, basis exposure, and hedge efficiency.
• Maintain dashboards and reporting tools to track CRR positions, portfolio exposure, and P&L attribution.

Analytics & Modeling

• Utilize power flow and production cost modeling software (e.g., Dayzer and PROMOD) to forecast congestion and simulate transmission constraints.
• Coordinate with Fundamentals and Analytics teams to enhance modeling of nodal prices, transmission outages, and topology changes.
• Leverage programming tools such as Python, R, SQL, and Power BI to automate congestion analytics and scenario back-testing.
• Research regulatory filings, transmission plans, and outage schedules to anticipate market shifts.

Market Fundamentals

• Conduct in-depth analysis of ERCOT, PJM, and CAISO’s transmission topology, load growth, and renewable generation trends.
• Monitor weather, outage, and project interconnection developments that impact congestion patterns.
• Communicate congestion forecasts and market insights to internal stakeholders, including senior management and trading desks.

Risk & Energy Market Strategy

• Develop portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices.
• Review forward market price volatility curves and correlation assumptions for stochastic risk modeling.
• Facilitate trading strategy performance benchmarking and establishing risk limits.
• Develop and apply portfolio optimization techniques to drive hedge strategy decisions while balancing the risk-adjusted revenue of Clearway’s renewable assets. Hedging strategies include DART optimization, CRR/FTRs, term hedge, and PPA transactions. Perform daily and weekly portfolio assessments to identify opportunities to maximize portfolio profit opportunities and identify risks.

Governance, Compliance & Risk

• Ensure CRR/FTR trading activities comply with corporate and project-level risk policies, market rules, and Market protocols. • Work closely with Risk, Accounting, and Settlements to reconcile positions, P&L, and collateral management.
• Maintain compliance documentation and participate in periodic audits.

Collaboration & Commercial Support

• Partner with Market Fundamentals, Origination, Development, and Asset Management teams to incorporate CRR/FTR and congestion considerations into project siting and contracting decisions.
• Provide market intelligence and due diligence support for M&A transactions, new developments, and repower evaluations.
• May impact departmental budgeting, strategic planning, and procedural change

What You'll Bring

• Bachelor’s degree in Engineering, Economics, Finance, or related field.
• 6-10 years of power market experience, with at least 2+ years directly in CRR, FTR, nodal, or virtual trading.
• Experience using ERCOT and CAISO CRR auction tools, Dayzer, UPLAN, or similar transmission models.
• Prior experience in energy trading, asset optimization, or market analytics required.
• Ability to construct power fundamental models for pricing, load, generation, flow, and outages using various methodologies
• Ability to build Quant Lib utilizing stochastic calculus and Option Models for deal valuation.
• Deep understanding of ERCOT, CAISO, and PJM market design, CRR/FTR auction processes, transmission planning, and nodal pricing. Dayzer experience is required.
• Strong quantitative, analytical, and problem-solving abilities.
• Excellent communication skills to translate technical results into commercial strategy.
• Proficiency with Excel, PowerPoint, and Power BI.
• Familiarity with congestion and risk management strategies for renewable and storage assets.
• Highly proficient in developing predictive models using mathematical and statistical methods to identify, analyze, and mitigate energy market risks with an understanding of option valuation and Greeks.

What Would Be Nice

• Advanced degree preferred
• Advanced skills in Python, R, or SQL strongly preferred
• Familiarity with battery, wind, or solar congestion profiles is a plus.

Clearway will not sponsor non-immigrant visas for this position (H-1B, TN, E-3, etc.).

#LI-Hybrid

Are you a creative, risk-taking researcher who excels at driving innovation from the lab into the real world? Do you thrive on solving the greatest challenges in distributed systems—from AI at the edge and cybersecurity to software-defined networking—for the world’s most important autonomous machines? If you are a long-term thinker who wants to work at the intersection of product development and field-proven technology, this role is for you! 

In this role, you will join a unique research team rated in the top 1% in the country for research commercialization success. As our Principal Distributed Systems Research Engineer, you won't just be conducting research that "dies in the lab"—you will be the driving force maintaining our status as the most advanced software infrastructure in the industry, ushering in the new era of autonomous vehicles, medical robotics, and smart power systems. You will conduct cutting-edge research in distributed systems — building on a proven, data-centric foundation while exploring the hardest open problems across the full stack, from how intelligent machines communicate to how they decide and act in the real world.

✨ What You’ll Do / Responsibilities

You will work with a team of experts researching emerging technologies, coming up with novel solutions for the problems posed by our research sponsors, exploring new concepts for products, prototyping ideas, and leading small teams to develop and to enhance advanced features related to RTI’s secure real-time connectivity platform, Connext. This is an individual contributor role. Duties will include:

• Innovate new solutions that will form the foundation of secure, adaptable, and fast distributed systems.
• Create and execute long-term strategic research activities.
• Work with the business development team to define research areas of interest and define interesting research proposal topics.
• Write research proposals and project reports.
• Execute and lead research contracts to push our technology forward. Serve in the role of Principal Investigator and/or Staff Member on externally-funded research projects.
• Actively interface with research project sponsors, customers, research partners, and prospects.
• Keeping abreast of emerging technology trends and sharing your insights across RTI.
• Communicate technical innovations through papers and presentations.
• Support the transition of promising technical innovations to product including customer trials, coordinating with product management, and working closely with the engineering team to design, develop, test and support this transition.

🎯 What We’re Looking For / Requirements

• Ph.D. degree in Computer Science, Computer Engineering or related field. Studies related to distributed systems, peer-to-peer networks, or computer networking. Solid understanding of computer network protocols; network and system programming, and real-time and/or high-performance applications.
• 7+ years of experience in distributed systems research.
• Excellent written communications skills, and evidence of research publications. Experience writing and winning proposals, and research project management.
• Solid programming skills (e.g. C/C++, Java, Python or other scripting languages).
• Demonstrated ability to work with cutting edge technology/hardware with little to no support.
• Ability to work successfully / actively engage with a highly distributed team.
• US Person requirement *Due to applicable laws, government regulations and contract specifications, we are required to fill this position only with an individual who qualifies as a "U.S. Person."

Don’t meet every single requirement? At RTI, we are dedicated to building a fair and inclusive workplace so if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway! You may be just the right candidate for this or another one of our open roles. Learn more about our commitment to our team, here!

🌟 What We Offer You 

• Flexible working schedule. 
• Hybrid working + Home Office Stipend to cover the costs of working from home.
• Flexible Paid Time Off + “Real Vacation Bonus,” an additional bonus for taking more than 1-week of uninterrupted vacation.
• Competitive compensation including annual bonus based on individual and company performance 
• We recognize employees for their achievements, offer great opportunities for career growth and development, and provide the tools they need to succeed.

💙 How is life at RTI

• We have been certified as a Great Place to Work for seven consecutive years both in Spain and the US. In addition, we were listed as one of the Best Companies for Women to Advance. 
• We live and work by our core values, which emphasize excellence, teamwork, and reaching your potential. Our motto is “Enjoy the journey,” above all we must enjoy what we do and have fun at work. At RTI, you will work in a positive, supportive, diverse environment with a team that truly cares about you.
• We are defined by our “Working as One” culture and truly care about team’s interaction. That is why we plan trips for teams to get together in person, enjoy fun team-building activities and events, and feel more connected.

🌍 What We Do / About RTI

Real-Time Innovations (RTI) is the data-streaming company for intelligent distributed systems. RTI Connext® software is the critical nervous system for over 2,000 designs across Aerospace and Defense, MedTech, Automotive, and Robotics. Connext is the only real-time data streaming platform that can both control demanding physical systems and integrate them with cloud applications. RTI helps organizations develop, deploy, and scale intelligence and physical AI from edge to cloud, faster. RTI Runs a Smarter World™. Learn more at www.rti.com.

RTI is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age status as a protected veteran, or status as a qualified individual with disability.

The compensation range for this role is 145K - 200K for Denver, Colorado. The salary range displayed on this job posting reflects a minimum and maximum target. Individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Please note that this range reflects the base salary target range only, and does not include bonus, equity, or benefits.

For more information about how we collect and use your data, please see our Privacy Notice for US Job Applicants and Employees.

Are you a creative, risk-taking researcher who excels at driving innovation from the lab into the real world? Do you thrive on solving the greatest challenges in distributed systems—from AI at the edge and cybersecurity to software-defined networking—for the world’s most important autonomous machines? If you are a long-term thinker who wants to work at the intersection of product development and field-proven technology, this role is for you! 

In this role, you will join a unique research team rated in the top 1% in the country for research commercialization success. As our Principal Distributed Systems Research Engineer, you won't just be conducting research that "dies in the lab"—you will be the driving force maintaining our status as the most advanced software infrastructure in the industry, ushering in the new era of autonomous vehicles, medical robotics, and smart power systems. You will conduct cutting-edge research in distributed systems — building on a proven, data-centric foundation while exploring the hardest open problems across the full stack, from how intelligent machines communicate to how they decide and act in the real world.

✨ What You’ll Do / Responsibilities

You will work with a team of experts researching emerging technologies, coming up with novel solutions for the problems posed by our research sponsors, exploring new concepts for products, prototyping ideas, and leading small teams to develop and to enhance advanced features related to RTI’s secure real-time connectivity platform, Connext. This is an individual contributor role. Duties will include:

• Innovate new solutions that will form the foundation of secure, adaptable, and fast distributed systems.
• Create and execute long-term strategic research activities.
• Work with the business development team to define research areas of interest and define interesting research proposal topics.
• Write research proposals and project reports.
• Execute and lead research contracts to push our technology forward. Serve in the role of Principal Investigator and/or Staff Member on externally-funded research projects.
• Actively interface with research project sponsors, customers, research partners, and prospects.
• Keeping abreast of emerging technology trends and sharing your insights across RTI.
• Communicate technical innovations through papers and presentations.
• Support the transition of promising technical innovations to product including customer trials, coordinating with product management, and working closely with the engineering team to design, develop, test and support this transition.

🎯 What We’re Looking For / Requirements

• Ph.D. degree in Computer Science, Computer Engineering or related field. Studies related to distributed systems, peer-to-peer networks, or computer networking. Solid understanding of computer network protocols; network and system programming, and real-time and/or high-performance applications.
• 7+ years of experience in distributed systems research.
• Excellent written communications skills, and evidence of research publications. Experience writing and winning proposals, and research project management.
• Solid programming skills (e.g. C/C++, Java, Python or other scripting languages).
• Demonstrated ability to work with cutting edge technology/hardware with little to no support.
• Ability to work successfully / actively engage with a highly distributed team.
• US Person requirement *Due to applicable laws, government regulations and contract specifications, we are required to fill this position only with an individual who qualifies as a "U.S. Person."

Don’t meet every single requirement? At RTI, we are dedicated to building a fair and inclusive workplace so if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway! You may be just the right candidate for this or another one of our open roles. Learn more about our commitment to our team, here!

🌟 What We Offer You 

• Flexible working schedule. 
• Hybrid working + Home Office Stipend to cover the costs of working from home.
• Flexible Paid Time Off + “Real Vacation Bonus,” an additional bonus for taking more than 1-week of uninterrupted vacation.
• Competitive compensation including annual bonus based on individual and company performance 
• We recognize employees for their achievements, offer great opportunities for career growth and development, and provide the tools they need to succeed.

💙 How is life at RTI

• We have been certified as a Great Place to Work for seven consecutive years both in Spain and the US. In addition, we were listed as one of the Best Companies for Women to Advance. 
• We live and work by our core values, which emphasize excellence, teamwork, and reaching your potential. Our motto is “Enjoy the journey,” above all we must enjoy what we do and have fun at work. At RTI, you will work in a positive, supportive, diverse environment with a team that truly cares about you.
• We are defined by our “Working as One” culture and truly care about team’s interaction. That is why we plan trips for teams to get together in person, enjoy fun team-building activities and events, and feel more connected.

🌍 What We Do / About RTI

Real-Time Innovations (RTI) is the data-streaming company for intelligent distributed systems. RTI Connext® software is the critical nervous system for over 2,000 designs across Aerospace and Defense, MedTech, Automotive, and Robotics. Connext is the only real-time data streaming platform that can both control demanding physical systems and integrate them with cloud applications. RTI helps organizations develop, deploy, and scale intelligence and physical AI from edge to cloud, faster. RTI Runs a Smarter World™. Learn more at www.rti.com.

RTI is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age status as a protected veteran, or status as a qualified individual with disability.

The compensation range for this role is 170K - 240K for Sunnyvale, California. The salary range displayed on this job posting reflects a minimum and maximum target. Individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Please note that this range reflects the base salary target range only, and does not include bonus, equity, or benefits.

For more information about how we collect and use your data, please see our Privacy Notice for US Job Applicants and Employees.

Are you a creative, risk-taking researcher who excels at driving innovation from the lab into the real world? Do you thrive on solving the greatest challenges in distributed systems—from AI at the edge and cybersecurity to software-defined networking—for the world’s most important autonomous machines? If you are a long-term thinker who wants to work at the intersection of product development and field-proven technology, this role is for you! 

In this role, you will join a unique research team rated in the top 1% in the country for research commercialization success. As our Distributed Systems Research Engineer, you won't just be conducting research that "dies in the lab"—you will be the driving force maintaining our status as the most advanced software infrastructure in the industry, ushering in the new era of autonomous vehicles, medical robotics, and smart power systems. You will conduct cutting-edge research in distributed systems — building on a proven, data-centric foundation while exploring the hardest open problems across the full stack, from how intelligent machines communicate to how they decide and act in the real world.

✨ What You’ll Do / Responsibilities

You will work with a team of experts researching emerging technologies, coming up with novel solutions for the problems posed by our research sponsors, exploring new concepts for products, prototyping ideas, and leading small teams to develop and to enhance advanced features related to RTI’s secure real-time connectivity platform, Connext. This is an individual contributor role. Duties will include:

• Innovate new solutions that will form the foundation of secure, adaptable, and fast distributed systems.
• Create and execute long-term strategic research activities.
• Work with the business development team to define research areas of interest and define interesting research proposal topics.
• Write research proposals and project reports.
• Execute and lead research contracts to push our technology forward. Serve in the role of Principal Investigator and/or Staff Member on externally-funded research projects.
• Actively interface with research project sponsors, customers, research partners, and prospects.
• Keeping abreast of emerging technology trends and sharing your insights across RTI.
• Communicate technical innovations through papers and presentations.
• Support the transition of promising technical innovations to product including customer trials, coordinating with product management, and working closely with the engineering team to design, develop, test and support this transition.

🎯 What We’re Looking For / Requirements

• Ph.D. degree in Computer Science, Computer Engineering or related field. Studies related to distributed systems, peer-to-peer networks, or computer networking. Solid understanding of computer network protocols; network and system programming, and real-time and/or high-performance applications.
• 7+ years of experience in distributed systems research.
• Excellent written communications skills, and evidence of research publications. Experience writing and winning proposals, and research project management.
• Solid programming skills (e.g. C/C++, Java, Python or other scripting languages).
• Demonstrated ability to work with cutting edge technology/hardware with little to no support.
• Ability to work successfully / actively engage with a highly distributed team.
• US Person requirement *Due to applicable laws, government regulations and contract specifications, we are required to fill this position only with an individual who qualifies as a "U.S. Person."

Don’t meet every single requirement? At RTI, we are dedicated to building a fair and inclusive workplace so if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway! You may be just the right candidate for this or another one of our open roles. Learn more about our commitment to our team, here!

🌟 What We Offer You 

• Flexible working schedule. 
• Hybrid working + Home Office Stipend to cover the costs of working from home.
• Flexible Paid Time Off + “Real Vacation Bonus,” an additional bonus for taking more than 1-week of uninterrupted vacation.
• Competitive compensation including annual bonus based on individual and company performance 
• We recognize employees for their achievements, offer great opportunities for career growth and development, and provide the tools they need to succeed.

💙 How is life at RTI

• We have been certified as a Great Place to Work for seven consecutive years both in Spain and the US. In addition, we were listed as one of the Best Companies for Women to Advance. 
• We live and work by our core values, which emphasize excellence, teamwork, and reaching your potential. Our motto is “Enjoy the journey,” above all we must enjoy what we do and have fun at work. At RTI, you will work in a positive, supportive, diverse environment with a team that truly cares about you.
• We are defined by our “Working as One” culture and truly care about team’s interaction. That is why we plan trips for teams to get together in person, enjoy fun team-building activities and events, and feel more connected.

🌍 What We Do / About RTI

Real-Time Innovations (RTI) is the data-streaming company for intelligent distributed systems. RTI Connext® software is the critical nervous system for over 2,000 designs across Aerospace and Defense, MedTech, Automotive, and Robotics. Connext is the only real-time data streaming platform that can both control demanding physical systems and integrate them with cloud applications. RTI helps organizations develop, deploy, and scale intelligence and physical AI from edge to cloud, faster. RTI Runs a Smarter World™. Learn more at www.rti.com.

RTI is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age status as a protected veteran, or status as a qualified individual with disability.

The compensation range for this role is 145K - 170K for Denver, Colorado. The salary range displayed on this job posting reflects a minimum and maximum target. Individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Please note that this range reflects the base salary target range only, and does not include bonus, equity, or benefits.

For more information about how we collect and use your data, please see our Privacy Notice for US Job Applicants and Employees.

Are you a creative, risk-taking researcher who excels at driving innovation from the lab into the real world? Do you thrive on solving the greatest challenges in distributed systems—from AI at the edge and cybersecurity to software-defined networking—for the world’s most important autonomous machines? If you are a long-term thinker who wants to work at the intersection of product development and field-proven technology, this role is for you! 

In this role, you will join a unique research team rated in the top 1% in the country for research commercialization success. As our Distributed Systems Research Engineer, you won't just be conducting research that "dies in the lab"—you will be the driving force maintaining our status as the most advanced software infrastructure in the industry, ushering in the new era of autonomous vehicles, medical robotics, and smart power systems. You will conduct cutting-edge research in distributed systems — building on a proven, data-centric foundation while exploring the hardest open problems across the full stack, from how intelligent machines communicate to how they decide and act in the real world.

✨ What You’ll Do / Responsibilities

You will work with a team of experts researching emerging technologies, coming up with novel solutions for the problems posed by our research sponsors, exploring new concepts for products, prototyping ideas, and leading small teams to develop and to enhance advanced features related to RTI’s secure real-time connectivity platform, Connext. This is an individual contributor role. Duties will include:

• Innovate new solutions that will form the foundation of secure, adaptable, and fast distributed systems.
• Create and execute long-term strategic research activities.
• Work with the business development team to define research areas of interest and define interesting research proposal topics.
• Write research proposals and project reports.
• Execute and lead research contracts to push our technology forward. Serve in the role of Principal Investigator and/or Staff Member on externally-funded research projects.
• Actively interface with research project sponsors, customers, research partners, and prospects.
• Keeping abreast of emerging technology trends and sharing your insights across RTI.
• Communicate technical innovations through papers and presentations.
• Support the transition of promising technical innovations to product including customer trials, coordinating with product management, and working closely with the engineering team to design, develop, test and support this transition.

🎯 What We’re Looking For / Requirements

• Ph.D. degree in Computer Science, Computer Engineering or related field. Studies related to distributed systems, peer-to-peer networks, or computer networking. Solid understanding of computer network protocols; network and system programming, and real-time and/or high-performance applications.
• 7+ years of experience in distributed systems research.
• Excellent written communications skills, and evidence of research publications. Experience writing and winning proposals, and research project management.
• Solid programming skills (e.g. C/C++, Java, Python or other scripting languages).
• Demonstrated ability to work with cutting edge technology/hardware with little to no support.
• Ability to work successfully / actively engage with a highly distributed team.
• US Person requirement *Due to applicable laws, government regulations and contract specifications, we are required to fill this position only with an individual who qualifies as a "U.S. Person."

Don’t meet every single requirement? At RTI, we are dedicated to building a fair and inclusive workplace so if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway! You may be just the right candidate for this or another one of our open roles. Learn more about our commitment to our team, here!

🌟 What We Offer You 

• Flexible working schedule. 
• Hybrid working + Home Office Stipend to cover the costs of working from home.
• Flexible Paid Time Off + “Real Vacation Bonus,” an additional bonus for taking more than 1-week of uninterrupted vacation.
• Competitive compensation including annual bonus based on individual and company performance 
• We recognize employees for their achievements, offer great opportunities for career growth and development, and provide the tools they need to succeed.

💙 How is life at RTI

• We have been certified as a Great Place to Work for seven consecutive years both in Spain and the US. In addition, we were listed as one of the Best Companies for Women to Advance. 
• We live and work by our core values, which emphasize excellence, teamwork, and reaching your potential. Our motto is “Enjoy the journey,” above all we must enjoy what we do and have fun at work. At RTI, you will work in a positive, supportive, diverse environment with a team that truly cares about you.
• We are defined by our “Working as One” culture and truly care about team’s interaction. That is why we plan trips for teams to get together in person, enjoy fun team-building activities and events, and feel more connected.

🌍 What We Do / About RTI

Real-Time Innovations (RTI) is the data-streaming company for intelligent distributed systems. RTI Connext® software is the critical nervous system for over 2,000 designs across Aerospace and Defense, MedTech, Automotive, and Robotics. Connext is the only real-time data streaming platform that can both control demanding physical systems and integrate them with cloud applications. RTI helps organizations develop, deploy, and scale intelligence and physical AI from edge to cloud, faster. RTI Runs a Smarter World™. Learn more at www.rti.com.

RTI is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age status as a protected veteran, or status as a qualified individual with disability.

The compensation range for this role is 170K - 210K for Sunnyvale, California. The salary range displayed on this job posting reflects a minimum and maximum target. Individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Please note that this range reflects the base salary target range only, and does not include bonus, equity, or benefits.

For more information about how we collect and use your data, please see our Privacy Notice for US Job Applicants and Employees.