Director, US Thermal Business Development

A little about Capital Power

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system. We're a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We're here to partner with you so you can learn, grow, and forge a career that's meaningful to you. Join us in powering North America!

Director, US Thermal Business Development

Washington, DC (Hybrid)

Your Opportunity

Capital Power (TSX: CPX) is a growth-oriented North American power producer delivering responsible energy solutions across Canada and the United States.

We are seeking a Director, US Thermal Business Development to lead the origination and execution of a multi-year pipeline of utility-scale thermal generation opportunities across the U.S. This is a high-impact, externally facing role shaping Capital Power’s thermal growth strategy and translating evolving utility reliability and capacity needs into long-term contracted assets.

This results driven leader will operate with significant autonomy - originating proprietary opportunities, building senior utility relationships, and advancing projects through financial close to drive meaningful capacity growth and long-term value.

What You’ll Do

• Build and execute a multi-year development pipeline with clear line of sight to contracted MWs and financial close
• Originate proprietary brownfield and greenfield opportunities, including site control and interconnection strategy
• Define and execute market entry and origination strategies across key ISO/RTO markets
• Lead and deepen executive-level relationships with utilities, co-ops, and load-serving entities
• Convert utility procurement needs and IRP insights into actionable development opportunities
• Lead cross-functional teams with direct accountability for advancing projects through the full development lifecycle. Own project execution, including business cases, financial analysis, and risk assessment
• Structure development opportunities for successful contracting and commercialization
• Provide market intelligence on capacity markets, regulatory shifts, and competitive dynamics
• Influence strategy, capital allocation, and pipeline priorities with senior leadership

What You Bring

• Bachelor’s in Engineering, Business, Finance, Economics, or related field (MBA preferred)
• 10–15+ years in power development, business development, or project finance with a strong U.S. thermal track record
• Proven success originating and advancing projects through financial close
• Deep, established relationships with utility procurement and executive teams (e.g., PJM, MISO, ERCOT)
• Strong knowledge of ISO/RTO markets, capacity structures, and interconnection processes
• Experience leading complex, cross-functional project execution
• Advanced financial modeling, valuation, and investment analysis capabilities
• Expertise in structuring and negotiating power sector commercial agreements
• Technical understanding of thermal generation (peakers, CCGT, flexible capacity)
• Executive presence, strong judgment, and an ownership mindset with the ability to drive results independently

Working Conditions:

• Hybrid office/work from home position based in our Washington DC office.
• This position requires up to 40% travel, reflecting the relationship-intensive nature of utility origination across multiple US markets.

Additional Details:

The pay range for this position is $180,000 to $250,000.  

The specific rate will depend on the successful candidate’s qualifications and prior relevant experience. 

This position is eligible for health care benefits, retirement benefits, paid time off, and annual bonus. 

In order to be considered for this role you must be legally eligible to work in ​United States of America​. 

The successful candidate for this position will undergo an education verification, reference checks and criminal record check. 

How To Apply and Next Steps

Capital Power only accepts resumes via online application at www.capitalpower.com/careers. If you choose to submit your resume by any other means, we cannot guarantee that your application will be considered for vacancies.

Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats, communication support, or other accessibility assistance by contacting careers@capitalpower.com.

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.

Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.