Vice President, Power Development (Data Centers)

Location: Dallas, TX
Asset Class: Data Centers
Employment Type: Full-Time | In-Office + Travel)

Position Overview:
Provident Data Centers is seeking a VP, Power Development to build out and lead behind-the-meter power development in support of Provident's hyperscale data center platform.

This role will report to the Managing Partner and will work closely with Provident's Hyperscale Data Center Development and land acquisition teams to identify and develop behind-the-meter power solutions, secure sites with strong power fundamentals, and build relationships with independent power producers (IPPs), utilities, and other participants across the power ecosystem.

This is a highly visible role for a success-driven power industry executive who thrives in a fast-moving, entrepreneurial environment and is excited to help build a new behind-the-meter power platform from the ground up .
Key Responsibilities:

Hyperscale & Site Collaboration

• Partner with Provident's Hyperscale Data Center Development team to identify and develop behind-the-meter power solutions for hyperscale sites.
• Work with Provident's land acquisition team to evaluate and help secure sites with favorable power fundamentals, including generation potential, fuel access, interconnection feasibility, and proximity to transmission.
• Assess power generation options, including natural gas, renewables, and battery storage, for individual sites and across Provident's site portfolio.

IPP & Ecosystem Relationships

• Develop and manage relationships with independent power producers (IPPs), utilities, EPCs, fuel suppliers, and other participants across the power generation ecosystem.
• Build a broad network of executive relationships across the IPP and power industry to source and advance behind-the-meter power opportunities.
• Represent Provident within the power and energy industry, including at industry conferences, forums, and other relationship-building venues.

Power Procurement & Deal Structuring

• Lead the procurement of natural gas and other fuel supply (“molecules”) required to support behind-the-meter generation.
• Structure and negotiate power generation agreements, including power purchase agreements (PPAs), tolling agreements, and fuel supply contracts, in partnership with legal counsel.
• Evaluate deal structure and economics, including capital costs, generation technology selection, and financing structure, to optimize project returns.

Business Development

• Lead business development efforts for Provident's behind-the-meter power business, including sourcing new opportunities and cultivating relationships with prospective partners.
• Collaborate with the Hyperscale Data Center Development team to position behind-the-meter power solutions for prospective hyperscale customers.
• Track market trends, generation technology developments, and regulatory changes affecting behind-the-meter power development, and share insights with executive leadership .

Qualifications & Experience:
Education & Technical Foundation

• Bachelor's degree in Engineering, Business, Finance, or a related field preferred.
• 10+ years of experience in power development, including generation, utility, or IPP experience.
• Broad network of executive relationships across the IPP and power industry.
• Knowledge of and background in the latest power generation technologies, including natural gas, renewables, and battery storage.
• Experience structuring power generation deals, with a broad understanding of deal structure and associated economics.
• Background in data centers or behind-the-meter power development preferred.
• Willingness to learn and adapt in a fast-moving, rapidly evolving industry .

Skills & Competencies

• Success-driven individual with a strong desire to build a new platform in a dynamic, entrepreneurial setting.
• Broad understanding of deal structure and associated economics.
• Ability to work effectively across a broad virtual team in an entrepreneurial setting.
• Strong interpersonal and relationship-building skills across technical, financial, and executive stakeholders.
• Strong written and verbal communication skills, with the ability to present effectively to executive leadership and external partners.
• Strong analytical and problem-solving skills, with sound judgment in evaluating power generation opportunities and partners.
• Ability to manage multiple complex initiatives simultaneously in a fast-paced environment .

Company Overview:
Since its inception in 1991, Provident has developed over $6 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success. 

Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $7.5 billion portfolio includes product types such as multi-family, industrial, master-planned communities, hospitality, retail, office, mixed-use, and data centers across the United States.

Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well-capitalized investment firm that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision-making process, Provident is able to capitalize on fast-moving opportunities and rapidly adjust to dynamic market forces.

Benefits:

• Competitive base + bonus, and the unique ability to invest in the Provident Employee Fund or participate in Provident's Employee Profit Sharing program.
• Health, Dental, Vision Insurance
• Company-Provided Life Insurance and Long-Term Disability Insurance
• 401k with Company Match
• 529 College Savings Plan
• 3 Weeks PTO
• Paid Holidays
• Maternity/Paternity Leave

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Equal Opportunity Employer Statement
We are an equal opportunity employer and are committed to fostering a diverse and inclusive workplace. We consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, or any other legally protected status.

Reasonable Accommodation
If you require a reasonable accommodation to complete any part of the application process or to perform the essential functions of the position, please contact us and let us know the nature of your request.

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