Vice President, Head of Asset Management

About Lydian Energy

Lydian is an established energy development company specializing in the development and construction of utility-scale solar and battery energy storage system (BESS) projects in North America.  Lydian owns 14 assets in development, construction or under operation, consisting of both solar and storage, which reached or are expected to reach FNTP from 2024-2028.     

Lydian is backed by Excelsior Energy Capital (“EEC”), a leading private equity fund manager with more than $1.5B in assets under management, that is exclusively focused on north American middle market renewables investing.  Lydian’s relationship with EEC provides several critical advantages, including access to (i) a specialized team of value-add investor-operators with decades of renewables development, construction, and transaction experience and (ii) committed discretionary equity capital, strong relationships with debt and tax equity investors, and deep experience structuring tax equity and project financings. 

Job Scope

The Vice President of Asset Management reports to the Chief Operating Officer and is responsible for maximizing the long-term performance and financial returns of the company’s operating renewable energy portfolio. This leader oversees third-party O&M provider management, revenue optimization, operating cost control, and all third-party reporting obligations including to lenders, tax equity investors, and offtakers. Working at the intersection of technical operations and commercial performance, the VP Asset Management ensures the portfolio delivers against its underwritten production, revenue, and availability targets throughout the asset life.

Responsibilities

Portfolio Performance & O&M Oversight

• Oversee portfolio-wide energy production, availability, and performance ratio metrics against underwritten baselines.
• Manage third-party O&M service provider relationships, including performance accountability, SLA enforcement, and contract compliance.
• Direct corrective and preventive maintenance planning, outage coordination, and equipment reliability programs.
• Implement remote monitoring and SCADA-driven performance analytics to proactively identify and remediate underperformance.
• Lead annual O&M budget development and cost control initiatives across the operating fleet.

Revenue Optimization & Commercial Management

• Oversee PPA contract compliance and revenue metering, billing, and settlement processes.
• Lead battery storage dispatch optimization and revenue stacking strategies (energy arbitrage, capacity, ancillary services).
• Manage curtailment tracking, dispute resolution with utilities/ISOs, and curtailment mitigation strategies.
• Identify and pursue grid services participation opportunities including frequency regulation, spinning reserves, and demand response.
• Coordinate with development and finance teams on merchant revenue management and hedging strategies for uncontracted assets.

Financial Management & Reporting

• Own operating expense budgets and manage cost reduction initiatives across the portfolio.
• Prepare and deliver comprehensive reporting packages to project lenders, tax equity partners, and offtakers per contractual requirements.
• Ensure compliance with lender covenant requirements including DSCR maintenance, insurance obligations, and reserve accounts.
• Oversee warranty management, insurance claim processes, and major maintenance reserve planning.
• Support tax equity and financing partner diligence requests and annual audits.

Asset Transitions & Lifecycle Management

• Manage construction-to-operations handoff, ensuring receipt of as-built documentation, O&M manuals, and warranty registrations.
• Lead asset management planning for repowering, equipment upgrades, and life extension initiatives.
• Oversee decommissioning planning and bond/security obligation compliance where applicable.
• Support M&A diligence on potential portfolio acquisitions, providing technical and operational assessments.

Regulatory & Compliance

• Ensure compliance with NERC reliability standards, FERC reporting requirements, and applicable utility tariffs.
• Manage property tax assessment appeals and real estate obligation compliance.
• Oversee environmental compliance obligations (SPCC, stormwater, wildlife agency commitments) for operating assets.
• Coordinate with legal team on regulatory filings, interconnection agreement compliance, and permit renewals.

Data Management & Technology

• Direct asset management information systems, performance databases, and reporting platforms.
• Drive adoption of predictive analytics and machine learning tools for performance forecasting and maintenance optimization.
• Ensure data integrity across metering, SCADA, and financial reporting systems.

Qualifications

Equal Employment Opportunity

We are committed to equal-employment principles and are dedicated to diversity and the strength it brings to the workplace.  All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, gender (including pregnancy, childbirth or medical condition related to pregnancy or childbirth), gender identity or expression, religion, physical or mental disability, medical condition, legally protected genetic information, marital status, veteran status, military status, sexual orientation or any other protected category or class that may be applicable.