Hydro Rein

Oslo

You can now be part of the Market Intelligence (MI) department in Hydro Energy Markets.
Hydro Energy has more than 100 years of experience in the production of renewable energy. Today, we are one of the three largest operators of hydropower production in Norway and a large power market player in the Nordic region and Brazil. We are responsible for developing new business opportunities and providing support to Hydro's business areas on contracts, security of supply, and energy framework conditions. Energy Markets is responsible for maximizing the value of Hydro's energy portfolio and its management for our aluminum activities.
Market Intelligence in Hydro's Energy Markets center of competence and innovation in power market analysis, asset optimization and trading support. We deliver cutting-edge insight and custom solutions quickly to capitalize from changes in the market or technology landscape. We actively support decisions of those planning power production, trading on European markets and sourcing energy. We deliver Nordic power price prognosis up to 5-10 years ahead, follow market developments and trends, and manage a portfolio of models, and decision-support tools.
<h4 class="aksel-heading aksel-heading--xsmall aksel-typo--spacing">What we offer you</h4>
<li>**A balanced work life.**The health and well-being of our employees are very important. To be the best version of yourself at work, you also need time to be social, pick up your children, attend lectures, etc. We therefore encourage employees to use our flexible working hours scheme.</li>

<li>**An inclusive work environment.**Our differences make us stronger - we believe that diversity provides a competitive advantage. With us, everyone should be able to be themselves at work, and feel at home, accepted, and valued.</li>

<li>**Rewards.**We offer competitive salaries, bonus schemes, and an employee share purchase scheme.</li>

<li>**Benefits.**Gym, squash court, activity groups. Cabins in Norway (sea and mountains) and Spain.</li>
<h4 class="aksel-heading aksel-heading--xsmall aksel-typo--spacing">What you will be doing</h4>
The MI team delivers short- to medium-term analysis and digital solutions supporting Hydro's power market activities in Europe. As our responsibilities are dynamic and evolve over time, we are looking for candidates who are adaptable and eager to contribute to various aspects of our operations.We are looking for a Power Market / Data Scientistfocused on analysis to join our team of 15 highly skilled professionals, to cover the following deliveries:
<ul><li>
Join our daily operational duties producing short-term power price forecasts (specifically for NO2 &amp; NO5) and presenting them to Market Operations and Trading, alongside key weather and market drivers
</li><li>
Develop and improve the interaction between price forecasts and stochastic hydropower modelling (e.g. Prodrisk)
</li><li>
Engage with our power portfolio modelling to manage exposure and risk in the short term and several years ahead
</li><li>
Contribute to discussions and analyses with relevant subject matter knowledge within weather, hydrology, hydropower, power grid, etc.
</li></ul>
MI's Power Market / Data Scientists all work at the intersection of market analysis and development and:
<ul><li>
Collect and analyze data, conduct market research, and forecast to assess current and future technologies, regulations and trends
</li><li>
Run existing and develop new quantitative models (both fundamental and statistical) to support decision-making and trading strategies in European Energy Markets
</li><li>
Perform short- and medium-term analysis for the Nordic and German power markets
</li><li>
Work with digital solutions, automation, data handling, management, and infrastructure
</li><li>
Use machine learning (ML) and artificial intelligence (AI) for model and application development
</li><li>
Assist other departments in energy-related adhoc analysis and projects, e.g. investment decisions in new hydropower projects
</li><li>
Present to internal stakeholders (e.g. Hydro Energy's Management Group or Hydro's Executive Leadership Team)
</li><li>
Collaborate with internal strategic stakeholders (e.g. IT), external model developers, R&amp;D partners, and service and data suppliers
</li></ul>
<h4 class="aksel-heading aksel-heading--xsmall aksel-typo--spacing">What will make you successful?</h4>
To thrive and succeed in this role, we believe the right candidate has the following qualifications:
<ul><li>
A Master's degree in economics, mathematics, statistics, optimization, computer science, engineering, or a related field
</li><li>
3-5 years relevant experience from the power industry and electricity markets
</li><li>
Strong quantitative and analytical skills, with solid programming competency in Python
</li><li>
Experience with short and medium-term power market models
</li><li>
A proven track record in using various tools for data handling, management, and analytics
</li><li>
Experience working in cross‑functional and ‑cultural environments
</li><li>
Fluency in English, written and spoken; Norwegian proficiency is an advantage
</li></ul>
As a person, we believe you recognize yourself in the following:
<ul><li>
Motivated and results-oriented with a strong focus on quality and continuous improvement
</li><li>
Collaborative team player who enjoys working towards shared goals and building relationships across the organization
</li><li>
Structured and self-driven, with the ability to work independently and proactively develop new skills
</li><li>
Excellent communicator with a commercial mindset, capable of enhancing both models and business processes
</li></ul>
<h4 class="aksel-heading aksel-heading--xsmall aksel-typo--spacing">Equal opportunities</h4>
At Hydro, we believe diversity makes us stronger. We welcome diverse experiences and perspectives, and invite all qualified candidates to apply. We review every application fairly and strive to provide equal opportunities for everyone to grow and succeed.
Please enclose relevant transcripts/diplomas with your application. As part of our recruitment process, we use Semac for background check.
Apply before: June 7, 2026
Interviews will be conducted in June, with the aim to conclude the process by end of June.
If you have any questions, please contact:
Head of Energy Markets 
Ellen Charlotte Stavseth Paaske 
Mobile: (Norway +47) 97038769
Head of Market Intelligence: 
Clémence Carnerero
Recruiter: 
Siri Randen 
Mobile: (Norway +47) 94821618

Do you want to join our innovative and forward-thinking department at the forefront of renewable energy and technology?