Energy Origination & Hedging Manager
$233,000–$365,000 year
RemoteUnited States or San Francisco, California, United States
United States or San Francisco, California, United StatesRemoteFull Time$233,000–$365,000 yearSmall
Full TimeSmall
Job Summary
Lead energy origination by structuring PPAs, utility interconnection agreements, and supply contracts while negotiating directly with utilities and fuel suppliers. Develop investment cases through LCOE, NPV, and IRR analyses to compare power strategies, then execute hedging strategies using swaps, options, and NYMEX instruments to de-risk GPU financing. Model peak demand exposure and forecast site-level energy costs using market price curves and tariff structures. Maintain working knowledge of RTO/ISO processes and regulatory risk to support Lambda's data center growth.
Required Qualifications
- Meaningful experience in energy origination, commodity/power trading, or utility-scale power markets
- Direct exposure to contract negotiation and deal execution
- Comfortable building and pressure-testing LCOE, NPV, and IRR models comparing competing power supply strategies
- Hands-on experience evaluating or executing power and gas hedges (swaps, options, NYMEX/OTC)
- Prior experience holding commodity risk
Desired Qualifications
- Experience in a data center context
- Prior experience procuring or structuring power for data centers, hyperscale, or other large industrial/AI infrastructure loads
- Working familiarity with RTO/ISO markets (ERCOT, PJM, MISO, CAISO, SPP, etc.) and their tariff and settlement structures
- Exposure to project or asset financing where power costs and hedges are a driver of the financing structure (e.g., GPU or infrastructure financing)
- Background at a utility, energy trading desk, IPP, data center developer, or commodity risk management group
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