Data
Products
Overview
Data Products is a world-leading source of data, providing accurate, up-to-the-second insights for highly specialized businesses. Our Data Products business thrives in an era of commoditized information by taking data and applying intellectual capital, enhancing to the point where refined data has instant applicability and value.
Who thrives here? Curious, analytical minds. Whether you are sourcing market data from new or existing providers, or processing complex financial data, your work will enhance your research skills and bolster your financial knowledge.
Successful Analysts are those who strive to make things better through continual process improvements, finding new relevant data sets and searching for new answers in existing data.
Case Study: BNEF Levelized Cost of Energy (LCOE)
Bloomberg New Energy Finance launched the Levelized Cost of Energy function in 2010 as part of its ongoing analysis of power costs across technologies. The first of its kind, this tool enables clean-energy producers to track their renewable energy costs against traditional sources and their own projects.
What is the Levelized Cost of Energy?
Electric power is generated from a variety of sources, from coal-fired plants to wind farms and solar panels. Power generators with the lowest cost of energy will gain market share while higher-cost sources will be phased out. Renewable energy technologies are in most cases not cost-competitive. Yet due to global climate change and energy security, governments have subsidized these sources to reduce production costs and generate power at a competitive rate.
To assess on an apples-to-apples basis the progress of clean technologies in bringing down expenses, an LCOE must be calculated, taking into account the latest prices and rates for equipment, fuel, financing and labor.
What does the function do?
The LCOE function tracks the cost of renewable power technologies against natural gas- and coal-fired energy on a quarterly basis. The analysis uses data collected by BNEF analysts in each renewable energy sector and makes estimates based on their knowledge of technology and market developments.
The LCOE model runs through the entire accounting of the project under evaluation, based on a set of inputs. This allows us to capture the impact of costs on the timing of cash flows, development and construction costs, multiple stages of financing, interest and tax implications of long-term debt instruments and depreciation. Outputs include sponsor equity cash flows, through which users can calculate the resulting internal rate of return.
How does it help clients?
Developers can add their own projects to the LCOE chart in order to evaluate their performance and make strategic decisions. For example, a project owner can use the function to find that their wind farm has an LCOE of $100/MWh. Based on this information, they would then know that they need to sign a power purchase agreement of at least $100/MWh to achieve the minimum equity return required to allow the project to proceed.
The LCOE function is not a "black box"; it gives complete transparency by allowing users to view the inputs employed to calculate costs for a particular source. With this information, clean-energy producers can pinpoint where to trim expenses in order to come closer to cost-competitiveness with traditional energy sources.
BNEF's work on LCOE is respected for its robustness and has quickly become the industry standard.
Business - Global Data
Bloomberg is the most trusted source of financial and business data in the world. Our Analysts produce and populate the numbers, figures, algorithms, research notes and analysis displayed on all Bloomberg products, delivering tangible insights utilized by more than 300,000 subscribers.
Our Analysts roll up their sleeves and dive in deep, applying information to immediate applications and client workflows. We constantly ask ourselves: what more intelligence can we glean from a single piece of data? What more value can we deduce and/or interpret?
Business - Bloomberg New Energy Finance (BNEF)
Bloomberg New Energy Finance (BNEF) is the world’s leading provider of information and analysis in clean energy, carbon markets and low-carbon technologies.
What sets us apart? Our ability to take evidence-based stances on the future of new energy markets. Every day, our team of 150+ publishes reports on topics in new energy. In addition, we curate and produce investment data, research, advisory services and executive events.
BNEF leads a very young industry. Founded in 2004, we became a business around the time "clean energy" was entering the common vernacular. As one could imagine, opportunities to make your career in new energy are extensive.
Internships
Summer Internship opportunities are available for candidates with a passion for data analysis and research. Through training, seminars and social and philanthropic events, you’ll gain firsthand insight into Bloomberg. You’ll also have immediate responsibility: helping source, update and maintain relevant data for designated market areas. You’ll gain exposure to the products we offer through the Bloomberg Professional® service, as well as our Bloomberg Data Solutions products.
Specialized Internship Programs
BNEF Academic Outreach Internship Program
Identifying, encouraging and supporting career opportunities for new talent is a pillar of BNEF. BNEF interns are hired as part of a rolling annual application process.
About The Program:
- 10-to-16 week opportunity for graduates and post-graduates from any degree background.
- Opportunity to gain targeted knowledge as a member of BNEF clean-energy or carbon-focused teams.
- Joint terminal training and business exposure with other Bloomberg interns.
- Opportunity to extend internship, dependent on type of projects assigned.
Successful interns demonstrate a desire to gain experience within the renewable and clean-energy sectors. In addition, they show a passion to learn about clean-energy investment and the broader carbon markets.
The ability to assimilate and assess new and technical information is as important as strong academic achievement and the ability to problem-solve, in teams and independently.
BNEF Fellowship Program
The BNEF Fellowship Program is tailored to maximize the acumen, talent and drive of our fellows. Fellows will work closely with BNEF teams to research and deliver an independent project.
About The Program:
- A six-month, full-time, paid position at one of BNEF’s global offices
- The option for a six-month continuous contract or two stages of three months each.
- Direct mentorship during the Fellowship from a BNEF executive
- Exposure and work experience within the clean-energy industry
- Development and completion of one independent project over the course of six months
- Presentation of recommendations and findings of the independent project to the executive management team of BNEF
- Attendance and recognition at the annual Bloomberg New Energy Finance Summit in New York
Successful Fellows demonstrate superior academic achievement in undergraduate and, ideally, graduate degree courses. In addition, they show an interest and competency for new-energy technologies and their markets.
Standout Fellows show clear evidence of leadership and initiative. Excellent written and verbal communication, fluency in English and other languages, analytical expertise and numeracy skills are key.
Potential Career Path
