Blessen Jacob is a Manager of Energy Market Forecasting and Analytics, specializing in statistical data analysis using deterministic and stochastic methods to support strategic decision-making across the California Independent System Operator (CAISO), the bilateral Western Interconnection, and the Electric Reliability Council of Texas (ERCOT) markets.
Responsibilities include:
- Developing, maintaining, and applying multiple load forecasting algorithms based on historical load data and weather patterns to forecast hourly energy usage, with a focus on minimizing forecast error and associated energy costs
- Developing long-term price forecasts to support Power Purchase Agreement (PPA) evaluations and energy asset valuation
- Preparing and reviewing data-driven reports on a weekly and bi-weekly basis to help clients understand the financial impacts of market participation
- Conducting technical analyses of Congestion Revenue Rights (CRRs) in California to identify congestion patterns and develop hedging strategies aligned with client risk policies
- Participating in monthly and annual CRR allocation and auction processes for load-serving entity clients
- Maintaining and enhancing analytical models from third-party vendors to complement existing market services
- Managing renewable generation and battery storage assets through bid strategy development and operational scheduling
Prior to joining ZGlobal, Blessen worked as an Electrical Engineer on commercial and residential high-rise building projects in facility and project management roles.
Recent Accomplishments
- Implemented multiple load forecasting strategies for more than 11 GWh of annual load across load-serving entity clients, utilizing over one million customer meter records and achieving forecast accuracy within 6% while maintaining associated costs below 2%.
- Developed congestion revenue portfolios through CRR allocation and auction processes, achieving over 60% hedge coverage to offset congestion costs for client supply and demand schedules.
- Supported the management of five renewable generation and energy storage assets, delivering more than 400 MW of hourly energy to the grid.
Education
Blessen holds a Bachelor of Engineering in Electrical and Electronics Engineering from Birla Institute of Technology and Science–Pilani and a Master of Science in Industrial Engineering from Arizona State University.