Development Manager
About The Position
The Development Manager, Energy Solutions will shape how Fervo Energy projects deliver power to customers with distinct or complex energy needs, including flexible, on-site, and behind-the-meter configurations that bridge the timing gap between generation and load. The role owns the commercial and technical integration of these energy solutions from early concept through financeable, executable agreements, working closely with Transmission & Interconnection, Commercial, Finance, and Legal teams. Reporting directly to the Head of Development, the position calls for someone comfortable with deal structuring, technical feasibility, and stakeholder management, and who can help build a new capability within a fast-moving development organization. Fervo Energy is a modern power company developing next-generation geothermal resources to provide affordable, reliable, around-the-clock carbon-free energy. The company combines horizontal drilling, fiber-optic sensing, and advanced reservoir engineering to develop utility-scale enhanced geothermal systems. Its flagship Cape Station development in Utah is planned to deliver 500 MW, and it is advancing a development pipeline of more than 50 GW. The role is hybrid, with regular in-office work required at one of Fervo Energy’s offices in Houston, Golden, Reno, Oakland, or Salt Lake City. Employees are expected to work in the office three days per week.
Requirements
- Bachelor’s degree in engineering, finance, business, or a related field.
- At least 7 years of experience in power project development, structured or project finance, or commercial roles within power generation or energy infrastructure.
- Experience structuring or negotiating commercial agreements for power delivery, such as PPAs, interconnection agreements, or EPC/O&M agreements.
- Working knowledge of behind-the-meter and on-site generation, interconnection processes, and flexible generation economics.
- Ability to read and pressure-test financial models and technical studies, and translate complexity into clear recommendations for senior leadership.
- Highly organized, self-starting approach, with comfort managing multiple workstreams and ambiguity in a fast-paced environment.
Nice To Haves
- Experience serving hyperscaler or other large-load customers.
- Familiarity with IRA incentives and financing or credit structures, such as tax equity and transferability.
- Existing relationships with utilities, independent power producers, or equipment providers relevant to flexible or on-site generation.
- Advanced degree in engineering, finance, business, or a related field.
Responsibilities
- Own the path from concept to a financeable, executable agreement for advanced energy delivery arrangements, including decision logs, risk registers, and critical-path tracking, while keeping commercial terms and technical requirements aligned.
- Structure and negotiate commercial terms for flexible and on-site power arrangements, partnering with Legal and Origination on contract frameworks, term sheets, and deal comparisons.
- Coordinate with the Transmission & Interconnection team on technical feasibility, interconnection pathways, and utility requirements that inform deal structure and schedule.
- Partner with subsurface, drilling and completions, and engineering teams to align the geothermal resource plan with microgrid design and on-site load requirements.
- Translate resource characteristics, generation profiles, and technical constraints into commercial and financing assumptions for behind-the-meter and microgrid deals.
- Connect the geothermal resource, microgrid, and on-site power needs so they are engineered, built, and operated as one coherent system.
- Translate technical and commercial inputs into a lender-ready narrative in partnership with Finance and Capital Markets.
- Identify and track risks, dependencies, and open issues that could affect financeability or executability, and drive them toward resolution across internal and external stakeholders.
- Prepare materials that clearly communicate deal status, tradeoffs, and recommendations for senior leadership.
- Serve as a key point of contact for customers and partners exploring energy solutions with Fervo, building trust through clear, responsive communication.
- Develop and maintain relationships with utilities, independent power producers, equipment providers, and other relevant market participants.
- Track market, regulatory, and technology trends relevant to flexible generation and energy delivery, and translate them into implications for Fervo’s development strategy.
- Help build playbooks, templates, and internal tools to scale the work as the energy solutions opportunity pipeline grows.
Benefits
- Medical, dental, and vision plan options.
- Employer-paid basic life insurance and short-term and long-term disability coverage.
- 401(k) plan with up to a 6% employer match.
- Flexible paid time off.
- Paid parental leave.
- Family-building, fertility, hormonal health, pregnancy, postpartum, and parenting support through Carrot.
- Dependent care FSA for eligible child and elder care expenses.
- Annual Lifestyle Spending Account for eligible wellness expenses, including fitness, financial planning, pet insurance, and pet care.
- Employee ownership opportunities through an Employee Stock Purchase Program and stock option grants for eligible roles.
- Bonus opportunities for eligible roles.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
