Commonwealth Fusion Systems is on a mission to deliver the urgent transition to fusion energy.
Combining decades of research, top talent, and new technologies, we’re designing and building commercially viable fusion power plants. And working with policymakers and suppliers to build the energy industry of the future.
We’re in the best position to make it happen. Since 2018, we’ve raised nearly $3 billion in capital, making us the largest and leading private fusion company in the world.
Now we’re looking for more thinkers, doers, builders, and makers to join us. People who’ll bring new perspectives, solve tough problems, and thrive as part of a team.
If that’s you and this role fits, we want to hear from you.
Join the power movement as a Senior Techno-economics Analyst
For fusion power plants to be successful they must be economically competitive with other power generation technologies. The techno-economic analyst is responsible for developing models critical to evaluating fusion power plants' financial viability and commercial desirability. The candidate will work closely with internal CFS team members to create and evolve economic models, run sensitivity analysis, identify opportunities for improvement and provide input to design, engineering, and R&D on impacts. This role will serve an important function within the business development team supporting communicating the benefits of fusion energy to customers and key stakeholders.
Join the power movement as a Senior Techno-economics AnalystFor fusion power plants to be successful they must be economically competitive with other power generation technologies. The techno-economic analyst is responsible for developing models critical to evaluating fusion power plants' financial viability and commercial desirability. The candidate will work closely with internal CFS team members to create and evolve economic models, run sensitivity analysis, identify opportunities for improvement and provide input to design, engineering, and R&D on impacts. This role will serve an important function within the business development team supporting communicating the benefits of fusion energy to customers and key stakeholders.
Salary range for this full-time position + equity + benefits. The actual salary will depend on level, location, qualifications, and experience. The range displayed on each job posting reflects new hire salaries for the position across all US locations. Benefits include:
• Competitive compensation with equity
• 12.5 Company-wide Holidays
• Flexible vacation days
• 10 sick days
• Generous parental leave policy
• Health, dental, and vision insurance
• 401(k) with employer matching
• Professional growth opportunities
• Team-building activities
What you'll do:
Deliver:
Continue the development of techno-economic modeling at CFS to characterize the future costs and benefits of ARC, the world’s first commercial fusion power plant
Incorporate expectations for learning and experience benefits as the company develops additional power plants
Establish and maintain company best practices and lessons learned related to analytical methods and models. Systematically work to improve models and analysis over time
Develop and assess ARC pricing and go to market approaches, including alternative applications of ARC beyond electricity
Track and maintain current assessment of ARC competitiveness compared to other energy solutions
Model the economic impact of ARC power plants for communities, regions, and states
Support individual project level analysis, including regional and local specifics, financing structures, and incentives
Expand economic modeling to target foreign markets to help inform go-to-market strategies
Work closely with the Scientific Software team to maintain the modeling tools and their underlying assumptions over time
Collaborate closely with Research and Development (R&D), Engineering, Manufacturing, Scientific Software, System Engineers, Finance, Business Development, and external stakeholders to collect primary data, populate techno-economic models, productionalize the model, and validate model fidelity
Provide support for non-power plant business functions and other duties as assigned
Prepare briefing materials, write and publish research results in internal technical reports and public facing presentations, including collaborations with key external partners
Support Investor Relations, Business Development, Corporate Finance, and Engineering teams as needed, and on-demand with queries and reports
Strategize:
Work closely with procurement to refine estimates for costs for the power plant and associated systems
Identify key areas of risk, uncertainty, and variability within models and develop mitigation strategies with the business to alleviate where possible
Serve as a feedback loop to the R&D and engineering organizations to understand the key levers to continuously drive down ARC costs and LCOE
Synthesize quantitative results to provide insight into potential future technology research and development opportunities and design decisions
Problem Solve:
Apply quantitative and qualitative research, case studies, literature reviews, and learnings from internal and external subject matter experts to identify key variables and sensitivities important to determining the costs and value of ARC
Model the first-of-a-kind and future generations of fusion power plants under a wide range of development and deployment scenarios
Support the evaluation of new R&D opportunities, Open Innovation pathways, technology advancement, and market opportunities
Respectfully raise concerns, providing a sound rationale or data to support perspectives
Support potential customers, sponsors, partners, and investors in diligence processes
Support management in developing scope, budget, and schedule for new projects based on matching expertise and capabilities to research needs and project opportunities
What we're looking for:
Bachelor’s Degree in Engineering, Engineering Technologies, Business, Finance, Economics, Math, Physics or a related field
Exposure to or professional knowledge of energy systems
Experience working on quantitative analysis with probabilistic models
Experience working in cross-functional teams and facilitating collaboration across domains
Experience managing stakeholder relationships, including prioritizing and executing disparate sets of deliverables on tight timelines with clear communication
MS Excel - Mastery
MS Power Point - Proficiency
Probabilistic modeling and forecasting
Ability to work collaboratively in a team environment as well as autonomously to close gaps.
Capable of executing on mid to long-term assignments that are loosely defined
Understand the calculation, derivation, and drivers of variability of key industry metrics including, but not limited to, levelized cost of energy, overnight capital costs, internal rate of return, and utility return on equity
Professional knowledge and understanding of thermodynamics and engineering fundamentals, with ability to solve analytical problems related to energy usage and plant optimization from first principles
Generates work plans, defines milestones for own tasks, and helps define processes that impact direct work. Contributes to process improvement
Strong organizational abilities to manage many various cases and scenarios
Ability to map out and understand complex interconnected systems
Exquisite attention to detail applied across a multitude of systems, ensuring comprehensive analysis and identification of gaps in quality or detail
Reliable and persistent work ethic, seeing tasks through to completion. Stays determined in the face of uncertainty and setbacks
Ability to identify the right level of detail for a given task and flexibility to adapt to modeling both rough, quick estimates for establishing development priorities and detailed, reliable models for finalizing project specifications
Adaptability to a start-up environment, capability to take initiative, develop own tasks and timelines, and solve broad, ambiguous problems
Operates with general guidance from management and increasingly takes
Bonus points for:
5-10 years of relevant industry experience
Experience with detailed process modeling of emerging technologies and techno-economic models of new technologies and systems
Cross-functional experience in energy system engineering, business development, and financial modeling
Experience developing probabilistic models with a focus on energy system modeling and optimization
Comfort with mathematical modeling and tool development in python
Must-have requirements:
Ability to lift up to 50 lbs occasionally
Perform activities such as typing, standing, and sitting, for extended periods of time
Willingness to occasionally travel or work required nights/weekends/on-call
Work in a facility that contains industrial hazards including heat, cold, noise, fumes, strong magnets, lead (Pb), high voltage, high current, pressure systems, and cryogenics
#LI-Onsite
At CFS, we excel in fast-paced environments, driven by our values of integrity, execution, impact, and self-critique. As we grow, we’re eager to bring on mission-driven folks who offer diverse perspectives and fresh ways to tackle challenges.
We value diversity deeply and are proud to be an equal opportunity employer by choice. We consider all qualified applicants equally, regardless of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law.
This role requires compliance with U.S. laws concerning the export of controlled or protected technologies or information (collectively, “Export Control Laws"). Any offer of employment will be contingent on the need for compliance with such Export Control Laws.
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