Senior Specialist, Investment Analysis and Business Cases

Location: Wrocław / Hybrid

At Fortum, we are driving the decarbonization of district heating and the energy system and developing innovative energy solutions that support the transition towards a cleaner and more flexible energy future.

We are looking for an experienced and analytical professional to work with investment analysis and business case development, assessing project economics and providing recommendations for strategic investments across Fortum's energy portfolio.

The role will be 50/50 split between supporting investment decision-making in heat and energy business in Poland and working closely with our Nordic and international battery energy storage (BESS) team on the development and assessment of battery storage investments and new energy system solutions.

The successful candidate will work at the intersection of engineering, economics, and business strategy, supported by technical, commercial and market experts across Fortum. The role may also involve developing more advanced techno-economic and simulation-based business cases, including hybrid solutions combining BESS with generation, industrial loads, data centres and other flexible assets.

The role will be placed in the international BESS team of Fortum within Renewables organisation, led by Director, BESS, while supporting the investment analysis cases of the wider team in Poland.

About the role 

• Developing financial and economic analyses for investment projects across Fortum's heat,energy and BESS businesses
• Building and maintaining business case models, including cash flow forecasts, sensitivity analyses, and scenario modelling
• Preparing investment applications and decision-making materials for internal governance and investment committees
• Evaluating project profitability using investment appraisal methodologies such as NPV, IRR, payback period, and sensitivity analysis
• Assessing the impact of market developments, energy prices, fuel costs, CO₂ prices, and regulatory changes on project economics
• Supporting feasibility studies and strategic assessments for new technologies and business opportunities
• Working closely with technical experts to define project assumptions and translate technical concepts into financial outcomes
• Supporting investment planning and portfolio prioritization
• Developing and improving standards, methodologies, and tools for investment analysis and business case preparation
• Contributing to projects related to:
  
  - district heating decarbonization,
  - large-scale heat pumps,
  - electric boilers,
  - energy storage systems,
  - waste heat utilization,
  - renewable energy solutions,
  - industrial decarbonization.

About you

• University degree in Engineering, Economics, Finance, Mathematics, Energy Systems, or a related field
• At least 3–5 years of experience in investment analysis, project economics, financial modelling, techno-economic analysis or business case development
• Experience in the energy, utilities, infrastructure, industrial, or consulting sectors
• Strong understanding of capital investment evaluation methodologies
• Advanced Excel modelling skills and experience building financial models from scratch
• Ability to analyse complex technical and commercial data and convert it into clear business recommendations
• Experience preparing presentations and decision-making materials for senior management
• Interest in combining financial modelling with technical and energy-system analysis, interest in AI-utilization development
• Strong analytical, problem-solving, and communication skills
• Ability to work effectively with multidisciplinary and international teams
• Professional proficiency in English

Additional advantages:

• Experience in BESS, flexibility, district heating, power generation, renewable energy or energy storage
• Knowledge of energy markets and regulatory frameworks
• Experience with Power BI, Python, VBA, SQL, or other analytical tools, AI
• Familiarity with techno-economic modelling and optimization tools
• Experience working with large-scale CAPEX investment projects

We offer you

• Opportunity to shape major investment decisions and contribute to Fortum's energy transition strategy in a unique 50/50 role combining investment analysis with hands-on exposure to the rapidly developing BESS business
• Participation in high-impact decarbonization and growth projects
• Exposure to strategic investment planning and new business development initiatives
• Cooperation with experienced professionals across technical, commercial, and financial disciplines
• Professional development in investment analysis, energy markets, and emerging energy technologies
• Competitive compensation package and comprehensive employee benefits
• Flexible hybrid working model
• Open, collaborative, and international working environment

We are Fortum 

Fortum is a Nordic energy company. We generate and deliver reliable energy to our customers and the Nordic energy system while at the same time helping industries decarbonise their processes and grow. Our core operations comprise efficient and best-in-class low-carbon power generation, customer services, and heating and cooling. Fortum’s power generation is already 99% from renewable or nuclear sources with one of the lowest specific CO2-emissions in Europe. We are guided by our ambitious SBTi-validated emission reduction targets on our way towards net-zero by 2040. For our ~4,500 employees, we commit to be a safe and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com

Interested? 

Please submit your application the latest on 14th of November 2026.

In case of any questions, please reach out to Elina Kärkimaa, Director, Battery Energy Storage Systems: elina.karkimaa@fortum.com or Mariusz Dzikuć, Director, Strategy and Growth: Mariusz.Dzikuc@fortum.com

As part of our recruitment process, we use assessment tests, reference checks and Microsoft Copilot to transcribe interviews. This helps us ensure a structured, fair and high-quality process for all candidates. 

GDPR Clause

Pursuant to Article 13 of Regulation (EU) 2016/679 of the European Parliament and
of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (commonly known as the General Data Protection Regulation or GDPR), we hereby inform you that:

1. The administrator of your personal data is Fortum Power and Heat Polska sp. z o.o., with its registered office at ul. Słonimskiego 1A, 50-304 Wrocław, entered in the Register of Entrepreneurs of the National Court Register under KRS number 0000033402, Tax Identification Number (NIP) 1181606467.
2. Your personal data will be processed for the purpose of conducting the recruitment process.
3. You have the right to access your personal data and have it rectified, as well as the right to request the erasure of your data, restriction of processing, data portability, and the right to object to the processing of your data. You also have the right to lodge a complaint with the competent supervisory authority for personal data protection, namely the President of the Personal Data Protection Office.
4. Detailed information regarding the processing of your personal data is available here: Fortum Privacy Policy for Job Applicants. We encourage you to read the full information concerning the processing of personal data by the Administrator.

Should you have any questions or concerns regarding this information, please contact us at: rodo@fortum.com.

Please include the following consent clause in your application:

“I consent to the processing by Fortum Power and Heat Polska sp. z o.o., with its registered office at ul. Słonimskiego 1A, 50-304 Wrocław, acting as the data administrator, of my personal data contained in this application for the purpose of conducting the recruitment process for the position of Senior Specialist, Investment Analysis and Business Cases.”

Please note that you have the right to withdraw your consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal.

Please also note that we will contact only selected candidates directly.

If you are interested in this position, please submit your CV via our online recruitment tool by clicking the “Apply” button. Only applications submitted through the online recruitment tool will be considered.