Fervo’s Mission is to use innovation in geoscience to accelerate the world’s transition to sustainable energy. To accomplish that goal, Fervo has developed groundbreaking technology solutions that have advanced the state-of-the-art of geothermal energy decades ahead of schedule, including the world’s most successful commercial enhanced geothermal system completed in 2023. Fervo has raised over $400 million from leading investors and has secured a multi-billion-dollar project pipeline to meet the world’s growing need for 24/7 carbon free energy. Join us and work alongside world-class engineers, researchers, investors, and developers in making geothermal a key pillar of our climate-friendly energy future.

Description

The Asset Management Associate will be the first hire into a growing Asset Management team and will be responsible for managing contractual compliance of executed Power Purchase Agreements (PPAs) and optimization of Fervo’s commercial operations. The successful applicant will implement these strategies by assessing asset operations and economics, establishing procedures to guide operations, providing commercial support to project development teams, and managing offtaker engagements. This position is part of a team of professionals responsible for maximizing the value of Fervo’s operating assets and ensuring projects are delivered on time and in compliance with contractual requirements. This position will report to the Asset Manager.

Responsibilties

• Assist in technical and financial analyses to support project development and commercial operations
• Contribute to cross-functional benchmarking of operational data and assist in identifying opportunities for asset performance optimization
• Monitor and track key project milestones under Material Asset Agreements (e.g., PPA milestones) and ensure timely communication within the company
• Support the preparation of recurring progress reports for external stakeholders, including PPA offtakers, and participate in discussions as needed
• Conduct research on power market trends and dynamics, leverage understanding of PPAs to support origination efforts
• Collaborate with legal and project teams to identify and escalate potential asset risks
• Provide assistance to the financial team in addressing investor inquiries and preparing due diligence materials
• Demonstrate flexibility and initiative to address evolving needs, with up to 50% of time initially allocated to assisting with interconnection-related tasks

Qualifications

• 3+ years’ experience related to power generation, project development, contract management, plant operations, or finance/commercial
• Bachelor’s degree in finance, business, or engineering discipline
• Experience related to negotiating, implementing, or administering PPA contracts
• Understanding of power markets and power plant operations, ability to build commercial models with economic sensitivities to drive insights into asset value
• Must be self-starting and able to work cross functionally at a dynamic corporate organization under pressure of tight deadlines and aggressive expectations

Preferred Qualifications

• Hands-on-experience in renewable power plant development
• Extensive understanding of PPAs
• Financial and technical understanding of wellfield or power plant operations including operating metrics, plant systems, and asset management/data analytics software (SAP, PowerBi, PLEXOS)
• Experience with ISO markets, scheduling, operations, and contracts
• Experience or knowledge of state and federal regulations applicable to the power markets and operations
• Thorough understanding of Western energy markets, including, but not limited to supply and demand, logistics, regulations and operations
• Ability to operate in a fast-paced dynamic commodity market environment

Location

Fervo Energy is headquartered in Houston, TX. This position will be eligible for some hybrid work flexibility, but regular in-office presence at the Houston office will be required. Minimal travel is required for this position.