Mark Herrmann Email and Phone Number
With over 15 years of experience in Commercial Operations, I am an executive who leads teams in Origination, Trading, and Structuring for conventional and renewable energy assets. As the Chief Commercial Officer, I am responsible for creating and executing Go-To-Market strategies, negotiating PPAs, and fostering strategic customer relationships with data centers, utilities, and C&I customers. At NRG Energy, I was responsible for commercial optimization and trading for a $3B/yr. / 23 GW portfolio in all U.S. competitive markets. Managing wholesale market-facing activities including hedging, fuel procurement, and offtake structuring. I was responsible for leading the team to mitigate commodity risk and basis exposure while heading commercial due-diligence and integration of over $10B in energy infrastructure acquisitions. My expertise spans conventional, renewable, and storage assets, as well as power and gas markets.. I specialize in trading and origination in power and nodal markets, structuring energy offtakes, and applying data science and machine learning to manage risk and improve profitability. I hold an MBA from Cornell University, and I am a Wharton Fellow. My mission is to drive the energy transition and deliver customer success and value.
Jera Americas
View- Website:
- jera.co.jp
- Employees:
- 764
-
Head Of Trading I Commercial OperationsJera AmericasHouston, Tx, Us -
Head Of Trading I Commercial Operations I Ipp BusinessJera Americas Mar 2024 - PresentUnited StatesLead commercial and trading capabilities for North America. -
Chief Commercial OfficerBrightnight Jul 2020 - Mar 2024• Originating and product structuring of utility scale renewables and clean power products• Go-To-Market creation and PPA offtake execution for data centers, utilities, and C&I customers -
Vice President, Commercial Operations I Trading I Structuring I OriginationNrg Energy, Inc. Feb 2012 - Jul 2020• Executing trading optimization of a $3B annual P&L for power, fuel, emissions of the U.S. generation and retail electric and gas portfolio (23 GW of generation / storage, 4M retail customers, in all competitive U.S. markets - ERCOT, PJM, NYISO, NEISO, CAISO, MISO)• Led Commercial Operations: Trading, Structuring, Market Analytics teams• Combined wholesale / retail Trading operations into one "Net Position", generating $300M in collateral & market savings into earnings guidance• Launched a new Congestion Trading Platform to manage $500M/yr. asset node-hub risk and speculative trading. The data science-led, machine learning platform provides millions of trade combinations to optimize win ratios (ERCOT, PJM, NY, CAISO, MISO)•. Constructed a 5 GW synthetic renewable portfolio in ERCOT, PJM to provide 24/7 shaped and as-produced power and REC's to retail customers -
Director, Risk Management / Director, StructuringNrg Energy Sep 2006 - Jan 2012• Established Structuring, Load Analytics, Fundamentals Teams• Implemented a Generation Outage Optimization strategy for planned and unplanned plant outages using financial derivative and insurance products to reduce operational risk and improve profitability -
Director Structuring And OriginationConstellation May 2001 - Sep 2006Conectiv Energy / Pepco Holdings Division• Traded a cross-commodity power and gas portfolio• Structured and managed over 150 power / gas options, HRCO's, tolling, and full-requirements load transactions ranging $5M to $1B in notional value• Spearheaded origination efforts supporting key customers -
Portfolio Manager, TradingNui Energy, Inc. Jan 1997 - May 2001• Trading and hedge optimization of a natural gas retail portfolio sold to Amerada Hess / Direct Energy• Developed and executed trading strategies managing basis and fixed price risk, with weather derivatives hedging volumetric throughput. Established firm’s weather derivatives desk
Mark Herrmann Education Details
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Master Of Business Administration - Mba -
Wharton Fellow -
Bachelor'S Degree
Frequently Asked Questions about Mark Herrmann
What company does Mark Herrmann work for?
Mark Herrmann works for Jera Americas
What is Mark Herrmann's role at the current company?
Mark Herrmann's current role is Head of Trading I Commercial Operations.
What schools did Mark Herrmann attend?
Mark Herrmann attended Cornell University - S.c. Johnson Graduate School Of Management, University Of Pennsylvania - The Wharton School, Rutgers University–new Brunswick.
Who are Mark Herrmann's colleagues?
Mark Herrmann's colleagues are 野田信悟, 青木基, Koji Yasumoto, 井村仁哉, 小柴宏之, 佐藤洋行, 佐藤笙一郎.
Not the Mark Herrmann you were looking for?
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1aruplab.com
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Mark Herrmann
Associate Director For Weapon Physics And Design Lawrence Livermore National LaboratoryLivermore, Ca3comcast.net, llnl.gov, llnl.gov -
Mark Herrmann
Director Of Leadership And Alumni Engagement At Purdue Research Foundation - John Purdue Club, Purdue AthleticsIndianapolis, In3ncaa.org, purdue.edu, ncaa.org2 +120258XXXXX
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2agreliantgenetics.com, gmail.com
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Mark Herrmann
President Trustmark Mergers & Acquisitions / Carolina Business Advisory ServicesBlowing Rock, Nc2urbanhomemagazine.com, urbanhomemagazine.com2 +170433XXXXX
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