Asset Manager

Who are Eku Energy.... 

Eku Energy is a leading global energy storage business working across the full project lifecycle to develop, build and manage utility scale energy storage assets for the long term. 

Our portfolio of digitally enabled, flexible utility-scale storage projects will provide vital grid services in key markets around the world including Australia, Italy, Japan and the UK. 

Initially established by Macquarie’s Green Investment Group, Eku Energy is jointly owned by a Macquarie Asset Management managed fund and British Columbia Investment Management, two financial powerhouses advancing the renewable energy transition. 

Due to Eku’s accelerated growth period since launching in November 2022, the company now has 4.6GWh in development, construction and operation across the UK, Australia, Italy and Japan with the aim of delivering 9GWh by 2028.

Introduction to the role  

Eku Energy is seeking an Asset Manager for our global battery storage business. In this pivotal role, you will prepare for and manage the operational phase of battery energy storage system (BESS) projects under construction and in operations within Japan and establish best practise and process for Eku asset management globally. 

This role will be based in Tokyo with flexible working arrangements available. Join us in advancing the transition to a low-carbon, sustainable global economy with battery storage investments. 

Responsibilities of the role 

During the Development Phase; 

• Assist in collating and reviewing information forming the Final Investment Decision Memo, ensuring that items relevant to Operations are sufficiently reviewed and considered prior to Final Investment Decision 

During the Construction Phase; 

• Prepare projects for operations in line with Eku onboarding protocols and processes. 

• Administer the SFA / Project Loan agreement, including reviewing and confirming relevant Covenant Confirmations, assisting in submitting drawdown requests and managing relationships with lenders / lender agents 

• Working alongside the Eku Construction Team, remain up to date with ongoing construction work, issues arising and variations under the EPC / Construction agreement. 

During the Operations Phase; 

• Develop and maintain the Project Compliance Dashboard (Microsoft Planner), including tracking of all deliverables and relevant project milestones to ensure the Projects operate in line with contractual and regulatory requirements. This will include, but not be limited to, incoming and outgoing reporting, tracking of warranties and insurances, expiry and replacement of bank guarantees, relevant project registrations and company secretarial items. 

• Actively monitor plant performance, responding promptly to plant outages and restrictions and coordinating with relevant contractors and market operators to ensure assets maintain high availability for energy trading purposes. 

• Promptly escalate plant issues (faults, outages, emergencies) to internal stakeholders and coordinate resources within Eku to resolve plant issues, in line with the Projects’ Emergency Management Plans and Communications Plans 

• Prepare and collate regular reporting (technical, WHSE, commercial and financial elements) for the Eku company board, project lenders and other stakeholders. Review reporting prepared by other internal and external parties. Prepare and critically assess financial performance and revenue performance aspects that are closely linked to the technical performance of the project. 

• Administration of all Project Contracts. Role will be supported by the Contracts Manager, but the Asset Manager will be ultimately responsible for SPV Contract administration. This will include negotiation of new contracts and active management of existing contracts. Including but not limited to: 

• Operations and maintenance contracts 

• Route-to-Market / Offtake contracts 

• Financial / loan agreements 

• Grid connection agreements and generator performance standards 

• Insurance and warranty items.  

• Specialist HV / landscaping / security / CCTV / third-party auditors 

• Manage operations budgets and revenue reporting to feed into project budgets and financial forecasts for future projects. 

• Lead ongoing progress meetings and internal meetings. Provide briefings and project updates on a regular basis to relevant stakeholders 

• Ensure best-in class technical performance of BESS projects and create a feedback-loop with the trading team to maximise asset revenue. 

• Management of all project invoicing and market settlements where relevant. 

• Assist in obtaining and maintaining necessary licenses (generation license etc.) for project operation.