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Power Generation Asset Management Jobs (NOW HIRING)

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Power Generation Asset Management information

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$64.5K

$126.7K

$193.5K

How much do power generation asset management jobs pay per year?

As of Jun 15, 2026, the average yearly pay for power generation asset management in the United States is $126,736.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,000.00 and $156,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Power Generation Asset Management, and why are they important?

To excel in Power Generation Asset Management, you need a strong background in engineering, energy systems, and asset lifecycle management, often supported by a degree in engineering or a related field. Familiarity with asset management software (such as SAP, Maximo), predictive maintenance tools, and regulatory compliance standards is vital. Outstanding analytical thinking, problem-solving, and stakeholder communication skills help professionals optimize asset performance and coordinate across teams. These competencies are crucial for ensuring reliable power generation, maximizing asset value, and meeting safety and regulatory requirements.

What is power generation asset management?

Power generation asset management refers to the strategic oversight and optimization of assets involved in producing electricity, such as power plants, turbines, and related infrastructure. This role involves ensuring that these assets operate efficiently, reliably, and within regulatory compliance. Asset managers are responsible for maintenance planning, lifecycle management, risk assessment, and maximizing the return on investment for owners or operators. Effective asset management helps improve performance, reduce downtime, and extend the lifespan of power generation equipment.

What is the difference between Power Generation Asset Management vs Power Plant Operations Technician?

AspectPower Generation Asset ManagementPower Plant Operations Technician
CredentialsEngineering degree, certifications in asset management or reliabilityTechnical diploma or associate degree, operational certifications
Work EnvironmentOffice-based, field inspections, data analysisOn-site at power plants, equipment monitoring
Employer & Industry UsageUtilities, energy companies focusing on asset optimizationPower plants, energy generation facilities

Power Generation Asset Management focuses on optimizing the performance and lifespan of power plant assets through data analysis and strategic planning. In contrast, Power Plant Operations Technicians handle the day-to-day operational tasks and maintenance of equipment. While both roles support power generation, asset management emphasizes planning and reliability, whereas technicians focus on operational execution.

What are some common challenges faced by professionals in Power Generation Asset Management, and how can they be addressed?

Professionals in Power Generation Asset Management often face challenges such as balancing maintenance costs with reliability, navigating regulatory compliance, and integrating new technologies. Effective asset managers must prioritize predictive maintenance and data-driven decision-making to optimize asset performance while minimizing downtime. Collaboration with engineering, operations, and regulatory teams is essential to ensure assets meet safety and environmental standards. Staying updated on industry trends and leveraging asset management software can help address these challenges and drive continuous improvement.
Infographic showing various Power Generation Asset Management job openings in the United States as of June 2026, with employment types broken down into 5% As Needed, 85% Full Time, and 10% Part Time. Highlights an 65% Physical, 2% Hybrid, and 33% Remote job distribution, with an average salary of $126,736 per year, or $60.9 per hour.

Asset Manager, Generation Resources

Rayburn Electric

Rockwall, TX โ€ข On-site

Full-time

Posted 14 days ago


Job description

General Summary

Rayburn Electric Cooperative (Rayburn) is establishing a centralized Asset Management function to support its expanding generation portfolio and long-term power supply strategy. The Asset Manager, Generation Resources will lead this effort, serving as the technical and commercial owner of Rayburn's generation assets and ensuring safe, reliable, and economically optimized plant performance.

This role is ideal for an experienced mechanical or power generation engineer with a strong understanding of power plant operations, equipment performance, and reliability engineering. The position integrates plant engineering, operational performance monitoring, commercial asset management, and long-term asset strategy to maximize the value and reliability of Rayburn's generation resources.

As the first dedicated leader of this function, the Manager will establish asset management processes, oversee daily asset performance, coordinate with plant operators and commercial teams, and support long term capital resource planning.

Principal Duties and Responsibilities / Knowledge

Generation Asset Performance

  • Monitor and evaluate the operation performance of generation assets, including availability, reliability, heat rate, and mechanical equipment health.
  • Review operating data, outage reports, and maintenance plans to identify performance trends and improvement opportunities.
  • Analyze plant performance and operational constraints to support efficient dispatch and optimized plant operations.
  • Provide engineering support related to equipment reliability, forced outages, and performance degradation.
  • Participate in root cause analysis and corrective action development following significant operational events.

Mechanical Systems and Reliability

  • Evaluate performance of major plant systems including gas turbines, steam turbines, HRSGs, pumps, compressors, cooling systems, and balance-of-plant equipment.
  • Support development of maintenance strategies, outage scopes, and lifecycle management plans for critical equipment.
  • Monitor long-term equipment condition and performance trends to support reliability improvements and cost control.
  • Work with plant operators and third-party O&M providers to resolve complex mechanical and operational issues.

Commercial Asset Management

  • Serve as Rayburn's primary interface with plant operators and third-party O&M providers.
  • Manage and oversee compliance with operating agreements, interconnection agreements, and service contracts.
  • Track asset financial performance including operating costs, maintenance spending, and revenue impacts.
  • Coordinate with Rayburn's Trading and Commercial teams to support optimal asset dispatch and market participation.
  • Support coordination with ERCOT regarding operational, market, and compliance matters.

Strategic Asset Planning

  • Support long-term generation planning, asset lifecycle management, and capital investment decisions.
  • Evaluate opportunities for plant performance improvements, upgrades, and cost optimization.
  • Participate in technical and commercial evaluations of potential generation acquisitions and new development opportunities.
  • Develop and maintain asset risk assessment and mitigation strategies.

Leadership and Stakeholder Engagement

  • Establish and lead Rayburn's Asset Management function, including development of processes, reporting structures and performance metrics.
  • Build strong working relationships with internal teams including Operations, Trading, Finance, Accounting, and Legal.
  • Prepare performance summaries and recommendations for executive leadership and the Board of Directors.
  • Represent Rayburn in technical, operational, and industry discussions as the Asset Management program matures.

Key Accountabilities

  • Complies with all policies, procedures and confidentiality agreements effective as a result of employment with Rayburn.
  • Shares information with Rayburn management and staff, contractors, and other third parties in a timely manner, as required.
  • Delegates jobs and tasks to appropriate employees, providing complete information and resources to properly complete such jobs and tasks.
  • Provides Rayburn management with updates and/or reports on work and tasks as requested or required.
  • Performs other duties as assigned by supervisor or executive management.

Job Specifications / Skills Required

Education:

Bachelor's degree in Mechanical Engineering or related engineering discipline

Experience:

5-10 years of experience in power generation engineering, plant operations, or generation asset management.

Experience evaluating plant performance, maintenance activities, and equipment reliability

Experience with combined cycle or gas turbine power plants preferred

Experience working with independent power producers (IPP), utilities, or merchant generation assets preferred

Experience managing plant operating agreements or O&M contracts preferred

Previous leadership or supervisory experience preferred

Skills:

Strong knowledge of thermal power plant systems and large rotating equipment

Ability to interpret technical, operational, and financial data to support decision-making.

Strong communication and stakeholder coordination skills

Familiarity with ERCOT market structure and operational requirements preferred

Key Competencies

Power plant mechanical systems expertise

Equipment reliability and performance analysis

Generation asset optimization

Strategic and analytical thinking

Commercial and contract awareness

Leadership and team development

Strong cross-cultural collaboration

Physical Demands

Ability to perform repetitive motions in order to use a computer keyboard, test equipment and operate hand tools.

Must be able to lift 20 lbs.