Power Market Data Scientist – Analysis Focused

Norsk Hydro

Power Market / Data Scientist responsible for power market analysis and forecasting in Hydro Energy. Join a team driving innovation in renewable energy at Hydro.

Posted 5/26/2026full-timeOslo • 🇳🇴 NorwayMid-LevelSeniorWebsite

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Join our daily operational duties producing short-term power price forecasts for NO2 & NO5.
Develop and improve the interaction between price forecasts and stochastic hydropower modelling.
Engage with our power portfolio modelling to manage exposure and risk in the short term and several years ahead.
Contribute to discussions and analyses with relevant subject matter knowledge within weather, hydrology, hydropower, power grid, etc.
Collect and analyze data, conduct market research, and forecast to assess current and future technologies, regulations, and trends.
Run existing and develop new quantitative models to support decision-making and trading strategies in European Energy Markets.
Perform short- and medium-term analysis for the Nordic and German power markets.
Work with digital solutions, automation, data handling, management, and infrastructure.
Use machine learning (ML) and artificial intelligence (AI) for model and application development.
Assist other departments in energy-related adhoc analysis and projects, e.g. investment decisions in new hydropower projects.
Present to internal stakeholders.

Requirements

What you’ll need

A Master’s degree in economics, mathematics, statistics, optimization, computer science, engineering, or a related field.
3-5 years relevant experience from the power industry and electricity markets.
Strong quantitative and analytical skills, with solid programming competency in Python.
Experience with short and medium-term power market models.
A proven track record in using various tools for data handling, management, and analytics.
Experience working in cross‑functional and ‑cultural environments.
Fluency in English, written and spoken; Norwegian proficiency is an advantage.

Benefits

Comp & perks

A balanced work life.
An inclusive work environment.
Rewards.
Benefits such as gym, squash court, activity groups.
Cabins in Norway and Spain.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

power price forecastingstochastic hydropower modellingquantitative modelsdata analysismarket researchmachine learningartificial intelligenceprogramming in Pythonshort-term power market modelsmedium-term power market models

Soft Skills

quantitative skillsanalytical skillscross-functional collaborationcross-cultural collaborationpresentation skills

Certifications

Master’s degree in economicsMaster’s degree in mathematicsMaster’s degree in statisticsMaster’s degree in optimizationMaster’s degree in computer scienceMaster’s degree in engineering