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













