Strategy & Finance Associate

XL BatteriesBoston, MA

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

Hybrid remote

Job Description

Do you want to help build the world's energy future?

XL Batteries is an American energy technology company commercializing a next-generation, non-lithium / non-critical minerals energy storage system designed for data centers, utilities, and industrial customers. Our technology enables safe, low-cost, flexible duration energy storage that supports grid resilience and the rapidly growing power demands of AI, data centers, and electrification.

XL is at an exciting inflection point – transitioning from pilots to first commercial deployments – and we are growing our high impact commercial team in our newly opened Boston office. Our work has been featured in publications including Bloomberg, the Financial Times, Utility Dive, Energy Storage News, Latitude, and others.

The Role

The Business Development and Strategy team at XL Batteries is seeking a Strategy & Finance Associate to support XL's commercial, financial, and go-to-market efforts. You will work directly with the VP of Strategy & Business Development and act as the analytical backbone supporting:

Customer proposals and pricing
Capital raising and investor communications
Financial and cost modeling
Commercial analytics, CRM, and market intelligence

This role is ideal for someone with strong financial training who enjoys operating at the intersection of finance, strategy, technology, and commercial execution in a fast-moving startup environment.

Responsibilities

Build, maintain, and iterate on 3-statement financial models and scenario analyses for current and future investors
Develop project-level economics (pricing, margins, IRR, levelized costs, tolling structures) to support customer proposals for commercial deployments
Partner with engineering and operations to build and refine system-level cost models
Create customer-facing materials including ROI analyses and economic comparisons
Support RFP / RFI responses and customer diligence requests
Prepare investor decks and maintain diligence and data room materials
Manage CRM, pipeline analytics, and target account lists
Track competitors, markets, and comparable projects
Help standardize commercial tools, templates, and reporting

Qualifications

2-5 years of experience in investment banking, management consulting, energy or infrastructure investing, energy / power markets, or related roles
Understanding of U.S. power market fundamentals and dynamics
Advanced Excel and PowerPoint skills; comfortable building financial models from scratch
Passionate about energy, infrastructure, climate tech, or complex technical products
Analytical, detail oriented, and intellectually curious
Comfortable operating in an entrepreneurial, fast-paced environment; bias toward action and problem-solving

Compensation: Competitive salary + equity

Location: Boston (Hybrid)

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FAQs About Strategy & Finance Associate Jobs at XL Batteries

What is the work location for this position at XL Batteries?

This job at XL Batteries is located in Boston, MA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at XL Batteries?

Employer has not shared pay details for this role.

What employment applies to this position at XL Batteries?

XL Batteries lists this role as a Full-time position.

What experience level is required for this role at XL Batteries?

XL Batteries is looking for a candidate with "Senior-level" experience level.

What is the process to apply for this position at XL Batteries?

You can apply for this role at XL Batteries either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.