Summary
Overview
Work History
Education
Timeline
Generic

Iliana Varadzhakova

Energy Business Development Executive
New York

Summary

A recognized energy professional with extensive leadership experience in transaction structuring, origination, finance and trading for power, natural gas and renewables. Proven track record of managing multi-million dollar energy portfolio and creating financial risk management programs for various energy consumers across the U.S. Recognized expert in data center development: site scoping and load study development, infrastructure buildout, energy procurement and risk management, demand response and coincident peak management, regulatory expertise, billing optimization, onsite generation management.

Overview

24
24
years of professional experience
3
3
Languages

Work History

Principal

Environ Energy
10.2025 - Current

Lead all business development for data center customers and site sourcing across all U.S. deregulated and regulated markets.

Vice President of Business Development

Scioto Energy
01.2020 - 10.2025

Built a book for 500+ MW of datacenter load across OH, PA and IL

Originated 20+ new customers various energy needs:

  • Located, researched and secured datacenter sites
  • Negotiated LOA and ESA agreements and load studies with utility
  • Managed entire energization process
  • Negotiated supply agreements
  • Managed procurement process (hedging, PLC avoidance, sleeving)
  • Supervised bill auditing and cost optimization
  • Responsible for demand response management and optimization

Originated and managed procurement process of large non-datacenter clients

Provided wholesale market advice and create unique products based

on market opportunities

Provided auxiliary consulting services (tax, legal, regulatory, outside vendors)

Provided PPA/tariff review, manage load studies for customers in regulated markets; Execute wholesale hedges in markets where allowed

Director/Senior Portfolio Manager

Calpine Energy Solutions
03.2010 - 09.2018
  • Managed all of Calpine's Midwest portfolio and Structuring Desk
  • Managed a book of 2,000+ MW of load across PJM and MISO
  • Supervised all retail transactions: origination, pricing, contract execution. hedging, risk management, settlements
  • Managed all wholesale counterparty transactions: credit, short and long term hedging and optimization, contract negotiation
  • Managed Calpine's RPS and voluntary RECs book; negotiated all bilateral REC transactions
  • Managed all FTR and ARR auctions for the book
  • Provided market and regulatory advisory services to customers

Director of Structured Energy Transactions

Sempra Energy
06.2004 - 06.2010

Managed Northeast & Midwest Structuring Desk

Lead all structuring for retail deals in PJM, MISO, NYISO and NEPOOL

Managed ERCOT structuring for large national accounts

Senior Financial Analyst

American Electric Power, AEP
09.2001 - 05.2004
  • Wholesale Electricity Structuring: evaluated large muni and coop transactions for the sale of full requirements electricity in PJM
  • Natural Gas Structuring: modeled the economics of two natural gas storage facilities and evaluated the gas supply contracts of several large gas customers in ERCOT
  • Renewables Structuring: built cash flow models for investments in wind facilities


Education

MBA - Finance

The Ohio State University
Columbus, Ohio, OH
05.2001 -

Bachelor of Arts - Business & International Relations

The American University in Bulgaria
Blagoevgrad, Bulgaria
05.2001 -

Timeline

Principal

Environ Energy
10.2025 - Current

Vice President of Business Development

Scioto Energy
01.2020 - 10.2025

Director/Senior Portfolio Manager

Calpine Energy Solutions
03.2010 - 09.2018

Director of Structured Energy Transactions

Sempra Energy
06.2004 - 06.2010

Senior Financial Analyst

American Electric Power, AEP
09.2001 - 05.2004

MBA - Finance

The Ohio State University
05.2001 -

Bachelor of Arts - Business & International Relations

The American University in Bulgaria
05.2001 -
Iliana VaradzhakovaEnergy Business Development Executive