Energy Origination – Hedging Manager

Posted 3hrs ago

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Job Description

Energy origination and hedging manager supporting Lambda’s AI cloud data-center expansion. Structuring power agreements, modeling energy economics, and managing commodity risk.

Responsibilities:

  • Lead origination of PPAs, utility interconnection agreements, and energy supply contracts
  • Develop LCOE and NPV/IRR analyses comparing utility, hybrid, and islanded power strategies
  • Evaluate and execute power and fuel price hedges to de-risk and support 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 identify tariff, demand response, or BESS strategies to reduce costs
  • Produce site-level energy cost forecasts using tariff structures and market price curves
  • Negotiate directly with utilities, Solaris, VoltaGrid, and fuel suppliers
  • Maintain working knowledge of RTO/ISO processes, tariff structures, state regulatory risk, and energy market dynamics
  • Translate complex risk and financial analysis for senior leadership

Requirements:

  • Meaningful experience in energy origination, commodity/power trading, or utility-scale power markets
  • Direct exposure to contract negotiation and deal execution
  • Experience building and pressure-testing LCOE, NPV, and IRR models
  • Hands-on experience evaluating or executing power and gas hedges, including swaps, options, NYMEX, or OTC gas
  • Prior experience holding commodity risk is a strong plus
  • Ability to negotiate directly with utilities and counterparties
  • Ability to translate complex risk and financial analysis for senior leadership
  • Experience procuring or structuring power for data centers, hyperscale, or large industrial/AI infrastructure loads preferred
  • Familiarity with RTO/ISO markets such as ERCOT, PJM, MISO, CAISO, and SPP, and their tariff and settlement structures preferred
  • Exposure to project or asset financing where power costs and hedges drive financing structure preferred
  • Background at a utility, energy trading desk, IPP, data center developer, or commodity risk management group preferred
  • Legally authorized to work in the United States

Benefits:

  • Generous cash & equity compensation
  • Health, dental, and vision coverage for you and your dependents
  • Wellness and commuter stipends for select roles
  • 401k Plan with 2% company match (USA employees)
  • Flexible paid time off plan