Legal Counsel

1 month ago

Austin, United States Jupiter Power Full time
Job DescriptionJob Description

Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by BlackRock’s Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of 787.5 MW/1375 MWh of utility-scale energy storage projects operating or in construction in the U.S., with a leading pipeline of over 11,000 MW in active development.

Jupiter seeks to grow its team with the recruitment of a highly motivated attorney to serve as Legal Counsel, reporting to the General Counsel and VP, Corporate. The ideal candidate will have experience in a broad range of legal disciplines, including project development and finance, associated agreements and transactional work, preferably in energy storage, renewable energy and/or power markets. The successful candidate will be able to work on a range of legal issues for the company, as well as business and strategy matters.

Key Responsibilities

Work across teams within Jupiter Power to support execution of key tasks including those listed below.

  • Advise and lead all financing transactions including construction, project finance, and tax credit monetization transactions. Such responsibilities include directing due diligence efforts, review, draft and effectively negotiate transaction documents (loan agreements, promissory notes, security agreements, and ancillary documents), manage closing and advising on post-closing covenants. Ability to spearhead and implement internal processes to maximize efficiency in aforementioned areas is crucial.
  • Advise and lead tax credit monetization transactions and tax equity compliance, challenges and audits, and dispute matters arising from time to time.
  • Advise and manage financing covenant compliance including implementation of internal processes.
  • Advise and provide legal support for development, transmission and origination departments on project development related matters including interconnection matters, permitting and governmental contracts, ISO market participant matters, and origination RFP submittals.
  • Manage and finalize late-stage development action items for projects to ensure finance readiness.
  • Supervise and mentor transactional support personnel.
  • Advise and work on other areas of legal matters as needed including garden variety contracts such as professional services agreements, licenses, confidentiality agreements and similar contracts.
  • Hire and manage outside legal counsel and billings.
  • Collaborate with, and advise, cross-functional teams to ensure legal compliance and risk management including the company’s development, finance, construction, market operations and asset management departments related to the financing, construction, and operation of battery storage projects.

Requirements

  • Bachelors and JD required.
  • Must be licensed to practice law in the jurisdiction of applicable office location.
  • At least 3 years of legal experience required.
  • In-house experience preferred.
  • Expertise in a variety of financing transactions including construction, project finance, and tax credit monetization transactions.
  • Comfortable with ambiguity and making business decisions with limited information.
  • Eager to wear multiple hats depending on business needs and project priorities.
  • High comfort level with leading and supervising teams, with the curiosity and enthusiasm to innovate and formulate new ideas and motivate co-workers.
  • Must be able to take ownership and initiative, in order to be to be effective within a highly motivated, fast-moving team and complete tasks in a timely manner.
  • Will often require work outside of normal business hours, especially during financing closings.
  • (Preferred) Familiarity with energy storage, renewable energy technologies and deployments, and generation, transmission and power markets.

Benefits

Compensation and benefits offered will be commensurate with the experience and qualifications of the candidate. The location for this role is Austin or Houston, Texas or Chicago, Illinois. This position will be eligible for a hybrid schedule for remote and in office requirements. Jupiter Power LLC is an equal opportunity employer that prioritizes diversity of experience and background.

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