Energy Origination – Hedging Manager

This is a fully remote position, open to applicants in United States.

📋 Description

• Spearhead the origination of Power Purchase Agreements (PPAs), utility interconnection agreements, and energy supply contracts.

• Conduct analyses of Levelized Cost of Energy (LCOE) and Net Present Value/Internal Rate of Return (NPV/IRR) to compare utility, hybrid, and islanded power strategies.

• Assess and implement power and fuel price hedging strategies to mitigate risks and facilitate GPU financing.

• Structure fixed-price contracts, heat rate call options, financial swaps, basis swaps, and NYMEX and OTC gas instruments.

• Model peak demand exposure and pinpoint tariff, demand response, or Battery Energy Storage System (BESS) strategies to minimize costs.

• Generate site-specific energy cost forecasts utilizing tariff structures and market price trends.

• Engage in negotiations with utilities, Solaris, VoltaGrid, and fuel suppliers.

• Maintain an up-to-date understanding of RTO/ISO processes, tariff structures, state regulatory risks, and energy market dynamics.

• Simplify complex risk and financial analyses for senior leadership.

⛳️ Requirements

• Substantial experience in energy origination, commodity/power trading, or utility-scale power markets.

• Direct involvement in contract negotiation and deal execution.

• Proven ability to build and rigorously test LCOE, NPV, and IRR models.

• Practical experience in evaluating or executing power and gas hedges, including swaps, options, NYMEX, or OTC gas.

• Previous experience managing commodity risk is a significant advantage.

• Strong negotiation skills with utilities and counterparties.

• Ability to communicate complex risk and financial analyses to senior leadership effectively.

• Experience in procuring or structuring power for data centers, hyperscale operations, or large industrial/AI infrastructure loads is preferred.

• Familiarity with RTO/ISO markets such as ERCOT, PJM, MISO, CAISO, and SPP, along with their tariff and settlement structures is preferred.

• Exposure to project or asset financing where power costs and hedges influence financing structures is preferred.

• Background in a utility, energy trading desk, Independent Power Producer (IPP), data center development, or commodity risk management group is preferred.

• Legally authorized to work in the United States.

🏝️ Benefits

• Competitive cash and equity compensation.

• Health, dental, and vision insurance for you and your dependents.

• Wellness and commuter stipends for select positions.

• 401k plan with a 2% company match for employees in the USA.

• Flexible paid time off plan.