Matthew Carnachan
Co-founder / Head Of Trading And Energy Markets
Sydney
Summary
11+ years leadership in global power, gas, hydrogen and carbon markets. Specializing in green hydrogen projects, energy trading, risk management and energy regulations.
In 2017 Matt co-founded a world leading green hydrogen energy company called Hiringa Energy, Hiringa is currently constructing green hydrogen projects to de-carbonize heavy transport and industrial feed-stock in New Zealand. Matt currently leads the commercial and energy trading side of Hiringa's green hydrogen supply chain, from the procurement, generation and trading of green electricity and bio-gas, through to optimization and supply of green hydrogen to various off-take markets. In addition Matt has been critical to Hiringa's business development activates in Australia to establish key partnerships and a pipeline of projects for Hiringa's Australian business.
Prior to Hiringa, Matt held senior roles at major energy companies around the world, leading teams to develop trading and risk management strategies that ensure aggressive market growth and financial targets are exceeded. Matt's strong commercial background and deep understanding of global hydrogen, power, gas and carbon markets places Matt as a leading powerhouse in the future of green energy.
Overview
14
14
years of professional experience
8
8
years of post-secondary education
Work History
Co-Founder & Head of Trading and Energy Markets
Hiringa Energy
Sydney
01.2017 - Current
- Co-founder of Hiringa Energy - a vertically integrated renewable energy company focused on the commercialization of green hydrogen. https://www.hiringa.co.nz/
- Final investments decision reached on two world leading green hydrogen projects
- Developed Hiringa's renewable electricity procurement and trading strategy to deliver green electrons to Hiringa assets at lowest possible cost
- Establishment Hiringa's Australia business and originated key partnerships and a pipeline of projects
- Lead the origination, analysis, negotiation and execution of renewable electricity contracts and hydrogen supply agreements
- Commercial lead for Hiringa's Australian business
Commodity Risk Lead - Global Environmental Product
BP
London
09.2018 - 08.2019
- Strategic lead for BPs risk management for European emissions and environmental trading portfolio including renewable electricity credits in regulated and voluntary markets
- Assessed new contract terms and advised senior originators and traders on the commercial and risk implications of multimillion dollar deals
- Director of strategy for new and emerging global carbon markets and associated renewable energy certificates
- Managed and mentored a team of analysts responsible for all daily commodity risk associated activities
- Single point of expertise for PNL drivers and risk metrics associated with the Global Emissions trading portfolio
Commodity Risk Analyst - Environmental Products
BP
London
10.2016 - 09.2018
- Director for all PNL reporting drivers and risk metrics associated with the Global Emissions trading portfolio
- Independently assessed new commodities, markets, regulation and global trading activity
- Improved and optimized reporting and processes to ensure they are fit for purpose and able to drive decision making
Senior Energy Trader
Todd Corporation
Wellington
01.2011 - 04.2016
- Strategically led the trading team in managing New Zealand’s largest asset-backed gas portfolio and associated electricity portfolio
- Originated, negotiated and executed large wholesale energy contracts, bother on exchange and over the counter
- Developed, implemented and monitored trading and risk management strategies to support and exceed aggressive KPIs, including doubling electricity market share
- Influenced significant regulatory changes by effectively representing the company at industry working groups, building valuable stakeholder relationships
- Managed spot/short term trading activities and energy asset production and generation decisions
- Analyzed and identified market trends/competitor behavior to improve and optimized electricity generation/gas production decisions and hedging strategies
- Identified, implemented and enhanced key trading and risk metric reporting
- Developed and improved complex models to monitor and predict electricity spot prices
Education
Bachelor of Science - Business Studies
Massey University
New Zealand 01.2002 - 12.2005
Bachelor of Science - Applied Statistics & Math
Massey University
New Zealand 01.2002 - 12.2005
Timeline
Commodity Risk Lead - Global Environmental Product
BP
09.2018 - 08.2019
Co-Founder & Head of Trading and Energy Markets
Hiringa Energy
01.2017 - Current
Commodity Risk Analyst - Environmental Products
BP
10.2016 - 09.2018
Senior Energy Trader
Todd Corporation
01.2011 - 04.2016
Bachelor of Science - Business Studies
Massey University
01.2002 - 12.2005
Bachelor of Science - Applied Statistics & Math
Massey University
01.2002 - 12.2005
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