BESS & Power Trading Analyst, Japan

About Us

Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities.  Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.

In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.

Our talented and experienced individuals work together according to its four company values: be bold, be collaborative, be proactive, be your best.

Physical Power Trading and BESS Analyst – Tokyo, Japan

About the Role

Engelhart is seeking an analyst to join their Tokyo office, working on the delivery of their power trading strategies and battery optimisation business. This dynamic role offers a diverse range of responsibilities, ideal for an inquisitive and innovative technical thinker.

You will collaborate closely with best-in-class trading and technical teams in an exciting and entrepreneurial environment, helping to establish an entirely new business segment. Supported by the team, you will develop deep expertise in the short-term physical power stack, ancillary services markets, and battery operations. You will play a key role in calibrating stack models and supporting hour-ahead trading and optimization activities.

In time, the right candidate will have multiple avenues for career development and progression.

This will be a full-time role, owning the following responsibilities:

• Act as the key communication interface between the virtual power plant development team, the optimisation teams based in Germany, and local partners, transmission and distribution operators, exchanges, and regulators in Japan.
• Understand, interrogate, and interpret local technical BESS specifications and regulations, and explain the technical and commercial implications of these to the wider business.
• Understand and develop processes and systems to manage regulatory reporting requirements that are associated with the BESS assets.
• Develop a deep understanding of the Japanese power stack, and the regulatory and the dispatch limitations of assets therein.
• Contribute to the company understanding and models of the bidding behaviour of competitor businesses in the ancillary services, day ahead and intraday markets, and communicate these to the trading and BESS optimisation teams.
• Assist the maintenance and development of the Japanese fundamental power model including the daily model calibration.
• Support the financial power trading desk with views from day-ahead and intraday events.
• Develop analytical dashboards and visualizations for the power trading team to support trading activities.
• Support physical power scheduling activities across the business.
• In time, become the subject matter expert for all topics related to the operation of batteries and the short-term power stack in the Japanese market.

About You

You are a sharp, technically minded individual with a strong academic background and a deep curiosity about energy markets and trading. You enjoy solving complex problems and can communicate your findings clearly to wider teams. You thrive in a collaborative, fast-paced setting and are highly motivated by the opportunity to shape how new energy technologies interact with real-world markets.

The following education, skills and experiences are essential for application:

Education

• A bachelor’s or master’s degree in engineering, physics, mathematics, computer science, or a closely related quantitative discipline from a leading university.

Technical & Analytical Skills

• Business-level Japanese and English (spoken and written) is essential.
• Strong proficiency in Python (preferred) or R, with experience in data processing, analysis, and visualization.
• Proven ability to break down complex systems and present insights clearly, ideally in a commercial context.
• Familiarity with SQL and working with time series data or APIs is desirable but not required.
• Familiarity with power markets (especially Japan, Germany, or US.) and/or BESS technologies.

Experience (highly desirable but not required)

• Some working experience (including internships) with energy markets, utilities, battery operations, trading, or regulatory environments.

Interpersonal Skills

• Strong communication skills and the ability to translate technical and regulatory complexity into actionable insight.
• Organised, self-motivated, and able to manage multiple tasks in a high-paced environment.
• Collaborative mindset, with the confidence to work across time zones and cultures.
• High attention to detail and intellectual curiosity - constantly looking to refine models and question assumptions.

What we offer

•  Competitive compensation and participation in Engelhart’s discretionary bonus plan.
• 20 days of annual holiday entitlement, excluding Japan public holidays.
• Commuting allowance.
• Eligibility to receive external and internal training in accordance with our Training & Development Policy.

We believe in inclusivity and are therefore dedicated to ensuring all employees – across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more – feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.