Senior Business Development Associate

1 month ago

Toronto ON, Canada Hydrostor Full time

Title: Senior Associate, Business Development

Location: Toronto, ON – Hybrid (3+ days/week in office)

Job Type: Full-Time

Join the Clean Energy Revolution

Are you ready to shape the future of sustainable energy? Hydrostor, a pioneer in Advanced Compressed Air Energy Storage (A-CAES) systems, is seeking a Senior Associate of Business Development to join our team in Toronto. We’re enabling the energy transition to a cleaner, more reliable electricity grid, and invite you to be at the forefront of this groundbreaking journey.

Why Hydrostor?

Our cutting-edge A-CAES technology is uniquely positioned to revolutionize the energy landscape. Join us as we lead the way in shaping a greener, more sustainable future.

Your Mission

Hydrostor is looking for a Senior Associate to join our Business Development team in Toronto. This individual will play a key role in supporting the market strategy, early-stage development, and origination workstreams. As Hydrostor looks to develop a global footprint, this role is expected to have exposure to international markets and significant opportunities to take on additional responsibility as the company expands.

Your Day-to-Day Adventures

  • Lead research activities within different international markets, including Europe, the Middle East, Africa and the Americas in order to identify target markets for Hydrostor
  • Conduct research and analysis on local power market dynamics, prospective clients, and potential project partnership opportunities
  • Carry out financial analysis on prospective opportunities, including, collaborating with the technical and development team to develop operating and capital cost estimates as well as pricing offtake agreements to achieve target returns
  • Model future power market revenue streams (such as capacity payments, ancillary service payments, and price arbitrage) and cash flows for projects of various sizes based on expected market trends
  • Support the advancement of early-stage development activities, by understanding local process and progressing activities related to interconnection process, land acquisition, and permitting, etc.
  • Identify opportunities to participate in a variety of public funding/grant/consultations that allow for advancing long-duration energy storage project opportunities
  • Develop, implement, and maintain organizational tools to help manage BD efforts; and
  • Other responsibilities as required

Who You Are

The ideal candidate will be a highly motivated team player who is passionate about the clean energy transition and enjoys working in a fast-paced, growth environment. Experience in the power sector, particularly early-stage project development is a requirement, with international experience of particular value. In addition, experience in financial modelling for power-related or infrastructure projects would be considered a strong asset. The candidate will demonstrate an attention to detail, a willingness to learn and an ability to creatively problem solve and take initiative. Critical thinking, good judgment, and a can-do attitude will be important as the successful candidate will be called upon to support a wide range of business development activities. They will be a strong communicator who listens well and can deal effectively with multiple internal and external partners. The successful candidate will have a strong work ethic, be highly organized, and be able to succeed in an international business environment with many concurrent projects and deadlines.

What You Bring

  • Bachelor’s degree (business or engineering degree preferred)
  • 3+ years of professional work experience
  • Prior experience in the power sector, in a business development role focused on early-stage development is required
  • Understanding of how to interpret and modify a financial model to prepare required output to assess project/development opportunities is required
  • International development experience in a renewable development role is a strong asset
  • Excellent communication skills, written and oral
  • Critical thinker who takes initiative and has a strong work ethic
  • Highly organized and manages time effectively
  • Entrepreneurial spirit and a proactive problem solver
  • Ability to work well as part of a team
  • Ability to prioritize tasks and manage multiple projects simultaneously and independently
  • Strong MS Office and other software skills – mainly PowerPoint, Excel (i.e. financial modelling), Word, SharePoint, and Teams

To Apply:

To apply for this position, submit your resume by clicking “ Easy Apply ”.

We thank all applicants for their interest, however, only those selected to move forward in the interview process will be contacted.

For more information on Hydrostor and the exciting journey we’re on visit our website at

Equal Opportunity Employer

At Hydrostor, we know that fostering an inclusive workplace, which values diversity, inclusion, and belonging is paramount to our success.

To fulfill our mission, our goal is to attract people who come from all backgrounds and walks of life, who bring diverse perspectives with wide-ranging experiences, and who share in our common passion to drive innovation and change the global energy landscape.

Hydrostor proudly embraces the principles of equal opportunity and inclusion. We are committed to providing opportunities for all employees and candidates. We ensure that all qualified applicants are considered for employment without regard to race, creed, colour, religion, gender, gender identity, gender expression, age, sexual orientation, national origin, marital status, parental, pregnancy, citizenship status, veteran status, disability, or any other protected status protected by applicable law.

Hydrostor is committed to making our application and interview process accessible to everyone, and we encourage applications from people with disabilities. If you require reasonable accommodation at any stage, please contact us at careers@hydrostor.ca. In your application, we welcome you to specify your preferred pronouns (e.g. she/her/hers, he/him/his, they/them/theirs, etc.).

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