{"schemaVersion":"jobsearcher.job.v1","id":"aa1e01a62c8134df096e9690","url":"https://jobsearcher.com/jobs/aa1e01a62c8134df096e9690","canonicalUrl":"https://jobsearcher.com/jobs/aa1e01a62c8134df096e9690","title":"Energy Origination & Hedging Manager","description":"Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving tens of thousands of customers. Our customers range from AI researchers to enterprises and hyperscalers. Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence. One person, one GPU.\n\nIf you'd like to build the world's best AI cloud, join us.\n\nOriginator with analyst and hedging experience. This is one of the most critical hires on the team: the role bridges commercial deal-making, quantitative analysis, and energy risk management in support of Lambda's data center growth. For the right candidate with commodity risk experience, hedging analysis can become a core, ongoing responsibility rather than an occasional task.\n\nWhat You'll Do\n\nOriginate Energy Agreements: Lead origination of PPAs, utility interconnection agreements, and energy supply contracts; experience in a data center context strongly preferred.\n\nBuild the Investment Case: Develop LCOE and NPV/IRR analyses comparing utility (typically $1M–$3M guarantee), hybrid, and islanded (~$300K credit support) power strategies to inform site and structure decisions.\n\nOwn Hedging Strategy: Evaluate and execute power and fuel price hedges that directly de-risk and support GPU financing.\n\nStructure the Instruments: Work across fixed-price contracts, heat rate call options, financial swaps, basis swaps, and NYMEX and OTC gas to manage price exposure.\n\nManage Demand Charge Risk: Model peak demand exposure and identify tariff, demand response, or BESS strategies to reduce cost.\n\nForecast Energy Costs: Produce site-level energy cost forecasts at acquisition using tariff structures and market price curves.\n\nLead Negotiations: Negotiate directly with utilities, Solaris, VoltaGrid, and fuel suppliers on commercial and technical terms.\n\nTrack the Market: Maintain working knowledge of RTO/ISO processes, tariff structures, state regulatory risk, and broader energy market dynamics.\n\nYou\n\nBackground: Meaningful experience in energy origination, commodity/power trading, or utility-scale power markets, with direct exposure to contract negotiation and deal execution.\n\nAnalytical Rigor: Comfortable building and pressure-testing LCOE, NPV, and IRR models comparing competing power supply strategies.\n\nHedging Experience: Hands-on experience evaluating or executing power and gas hedges (swaps, options, NYMEX/OTC); prior experience holding commodity risk is a strong plus.\n\nCommunication Skills: Able to negotiate directly with utilities and counterparties, and to translate complex risk and financial analysis for senior leadership.\n\nNice to Have\n\nPrior experience procuring or structuring power for data centers, hyperscale, or other large industrial/AI infrastructure loads.\n\nWorking familiarity with RTO/ISO markets (ERCOT, PJM, MISO, CAISO, SPP, etc.) and their tariff and settlement structures.\n\nExposure to project or asset financing where power costs and hedges are a driver of the financing structure (e.g., GPU or infrastructure financing).\n\nBackground at a utility, energy trading desk, IPP, data center developer, or commodity risk management group.\n\nSalary Range Information\n\nThe annual salary range for this position has been set based on market data and other factors. However, a salary higher or lower than this range may be appropriate for a candidate whose qualifications differ meaningfully from those listed in the job description.\n\nAbout Lambda\n\nFounded in 2012, with 500+ employees, and growing fast\n\nOur investors notably include TWG Global, US Innovative Technology Fund (USIT), Andra Capital, SGW, Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, NVIDIA, Pegatron, Supermicro, Wistron, Wiwynn, Gradient Ventures, Mercato Partners, SVB, 1517, and Crescent Cove\n\nWe have research papers accepted at top machine learning and graphics conferences, including NeurIPS, ICCV, SIGGRAPH, and TOG\n\nOur values are publicly available: https://lambda.ai/careers\n\nWe offer generous cash & equity compensation\n\nHealth, dental, and vision coverage for you and your dependents\n\nWellness and commuter stipends for select roles\n\n401k Plan with 2% company match (USA employees)\n\nFlexible paid time off plan that we all actually use\n\nEqual Opportunity Employer\n\nLambda is an Equal Opportunity employer. Applicants are considered without regard to race, color, religion, creed, national origin, age, sex, gender, marital status, sexual orientation and identity, genetic information, veteran status, citizenship, or any other factors prohibited by local, state, or federal law.\n\nCompensation Range: $233K - $365K","company":"Lambda","rawCompany":"lambda","city":"Millbrae","state":"CA","isRemote":false,"isActive":true,"createdAt":"2026-08-19T12:53:05.767Z","occupations":[{"code":"11-3031.03","title":"Investment Fund Managers","slug":"investment-fund-managers"},{"code":"51-8012.00","title":"Power Distributors and Dispatchers","slug":"power-distributors-and-dispatchers"},{"code":"11-3021.00","title":"Computer and Information Systems Managers","slug":"computer-and-information-systems-managers"}],"industries":[{"code":"518210","title":"Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services","slug":"computing-infrastructure-providers-data-processing-web-hosting-and-related-services"},{"code":"221118","title":"Other Electric Power Generation","slug":"other-electric-power-generation"},{"code":"541512","title":"Computer Systems Design Services","slug":"computer-systems-design-services"}],"jobPosting":{"@context":"https://schema.org","@type":"JobPosting","title":"Energy Origination & Hedging Manager","description":"Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving tens of thousands of customers. Our customers range from AI researchers to enterprises and hyperscalers. Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence. One person, one GPU.\n\nIf you'd like to build the world's best AI cloud, join us.\n\nOriginator with analyst and hedging experience. This is one of the most critical hires on the team: the role bridges commercial deal-making, quantitative analysis, and energy risk management in support of Lambda's data center growth. For the right candidate with commodity risk experience, hedging analysis can become a core, ongoing responsibility rather than an occasional task.\n\nWhat You'll Do\n\nOriginate Energy Agreements: Lead origination of PPAs, utility interconnection agreements, and energy supply contracts; experience in a data center context strongly preferred.\n\nBuild the Investment Case: Develop LCOE and NPV/IRR analyses comparing utility (typically $1M–$3M guarantee), hybrid, and islanded (~$300K credit support) power strategies to inform site and structure decisions.\n\nOwn Hedging Strategy: Evaluate and execute power and fuel price hedges that directly de-risk and support GPU financing.\n\nStructure the Instruments: Work across fixed-price contracts, heat rate call options, financial swaps, basis swaps, and NYMEX and OTC gas to manage price exposure.\n\nManage Demand Charge Risk: Model peak demand exposure and identify tariff, demand response, or BESS strategies to reduce cost.\n\nForecast Energy Costs: Produce site-level energy cost forecasts at acquisition using tariff structures and market price curves.\n\nLead Negotiations: Negotiate directly with utilities, Solaris, VoltaGrid, and fuel suppliers on commercial and technical terms.\n\nTrack the Market: Maintain working knowledge of RTO/ISO processes, tariff structures, state regulatory risk, and broader energy market dynamics.\n\nYou\n\nBackground: Meaningful experience in energy origination, commodity/power trading, or utility-scale power markets, with direct exposure to contract negotiation and deal execution.\n\nAnalytical Rigor: Comfortable building and pressure-testing LCOE, NPV, and IRR models comparing competing power supply strategies.\n\nHedging Experience: Hands-on experience evaluating or executing power and gas hedges (swaps, options, NYMEX/OTC); prior experience holding commodity risk is a strong plus.\n\nCommunication Skills: Able to negotiate directly with utilities and counterparties, and to translate complex risk and financial analysis for senior leadership.\n\nNice to Have\n\nPrior experience procuring or structuring power for data centers, hyperscale, or other large industrial/AI infrastructure loads.\n\nWorking familiarity with RTO/ISO markets (ERCOT, PJM, MISO, CAISO, SPP, etc.) and their tariff and settlement structures.\n\nExposure to project or asset financing where power costs and hedges are a driver of the financing structure (e.g., GPU or infrastructure financing).\n\nBackground at a utility, energy trading desk, IPP, data center developer, or commodity risk management group.\n\nSalary Range Information\n\nThe annual salary range for this position has been set based on market data and other factors. However, a salary higher or lower than this range may be appropriate for a candidate whose qualifications differ meaningfully from those listed in the job description.\n\nAbout Lambda\n\nFounded in 2012, with 500+ employees, and growing fast\n\nOur investors notably include TWG Global, US Innovative Technology Fund (USIT), Andra Capital, SGW, Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, NVIDIA, Pegatron, Supermicro, Wistron, Wiwynn, Gradient Ventures, Mercato Partners, SVB, 1517, and Crescent Cove\n\nWe have research papers accepted at top machine learning and graphics conferences, including NeurIPS, ICCV, SIGGRAPH, and TOG\n\nOur values are publicly available: https://lambda.ai/careers\n\nWe offer generous cash & equity compensation\n\nHealth, dental, and vision coverage for you and your dependents\n\nWellness and commuter stipends for select roles\n\n401k Plan with 2% company match (USA employees)\n\nFlexible paid time off plan that we all actually use\n\nEqual Opportunity Employer\n\nLambda is an Equal Opportunity employer. Applicants are considered without regard to race, color, religion, creed, national origin, age, sex, gender, marital status, sexual orientation and identity, genetic information, veteran status, citizenship, or any other factors prohibited by local, state, or federal law.\n\nCompensation Range: $233K - $365K","datePosted":"2026-08-19T12:53:05.767Z","dateModified":"2026-08-19T12:53:05.767Z","hiringOrganization":{"@type":"Organization","name":"Lambda","sameAs":"https://jobsearcher.com"},"jobLocation":{"@type":"Place","address":{"@type":"PostalAddress","addressLocality":"Millbrae","addressRegion":"CA","addressCountry":"US"}},"identifier":{"@type":"PropertyValue","name":"JobSearcher","value":"aa1e01a62c8134df096e9690"},"url":"https://jobsearcher.com/jobs/aa1e01a62c8134df096e9690"}}