Senior Principal Energy Program Manager

Oracle is seeking a US-based Senior Principal Energy Program Manager, reporting to the Vice President of Energy and Power Procurement. As an energy procurement leader, you will have day-to-day responsibility for shaping and driving Oracle’s approach to energy procurement, as well as supporting broader team efforts around energy innovation, hedging strategies, renewable energy and sustainability. Sustainable and scalable energy procurement is growing in focus across our business and this role will provide critical expertise and execution across Oracle Cloud data centers. At Oracle, we are committed to maintaining 100% carbon-free electricity for our offices and public cloud offerings. Additionally, we are setting a new goal to achieve 100% carbon-free electricity for Oracle Custom AI Data Centers by 2035, including our large, custom AI clusters built for a single customer.

Responsibilities

• Source and negotiate strategic power agreements with utility providers and independent power providers, ensuring the best possible outcome for Oracle.
• Responsible for day-to-day management of Oracle Cloud’s data center energy strategy across specific markets – with near term priority in U.S. deregulated markets but possible oversight in North and South America and EMEA.
• Create and manage requirements around energy sourcing including leveraging expertise of regulated and deregulated power markets, financial modeling and analysis, managing RFPs, contract negotiations, development and execution of forward purchasing strategies, collection and preparation of high-quality data.
• Work closely with retail energy providers, energy suppliers, and internal stakeholders to monitor real-time market conditions that will information short-term and long-term transaction decisions.
• Engage with energy and sustainability consultant(s) to evolve strategy and reporting.
• Monitor energy markets and specific utilities, IPPs, and electric grids for opportunities and risks and recommend strategies for Oracle to stay ahead of these challenges.
• Cross-functionally develop and manage relationships across Oracle including with capacity planning, data center infrastructure build, site selection, supply chain management, data center engineering, data center operations, and corporate sustainability and procurement teams.
• Coordinate with onsite generation and other solution providers and teams to ensure seamless power delivery across a range of technologies – utility grids, behind the meter solutions, gas plants, renewables etc.
• Partner with finance on developing annual energy budgets based on knowledge of current and future footprint and changing energy prices.
• Support team delivering power to new DC sites, focus on Oracle’s largest, primarily in US, including:
  • Developing comprehensive understanding of electricity supply equipment required to energize a given site
  • Developing comprehensive understanding of available utility tariffs
  • Contract negotiations for energy supply
  • Financial modelling
  • Managing RFPs
  • Supplier onboarding into Oracle’s systems
• Monitor markets conditions to inform team and site negotiations
• Support consultant/contractor RFPs for various services
• Utilities and rates and tariff structure

Qualifications

• Desire to work in the fast-paced environment of AI/GPU computing and hyperscale data center design, construction, and operations.
• 10-15 years professional experience; 6-10 years managing corporate (C&I) power procurement or utility/IPP power origination, within a large matrix environment.
• Bachelor’s degree in engineering, STEM or business with technical expertise on energy and data center topics.
• Understanding of regulated and deregulated energy markets, power hedging, energy supply agreements and power purchase agreements.
• Experience with mark-to-market accounting and managing market exposure.
• Familiarity with sustainability frameworks and making carbon reduction and renewable energy claims: Global Reporting Initiative (GRI), Science-based Targets, CDP, Greenhouse Gas Protocol, etc.
• Experience developing annual energy budgets and working with finance teams to project the cost of power.
• Advanced Excel expertise building financial models and analyzing energy rates, riders, fees etc.
• Articulate, executive presence, comfort with negotiations and supplier engagement.
• Willingness to support global time zones.
• Willingness to travel as required including internationally.

Additional Preferred Qualifications

• 1-3+ years' experience with utility interconnection processes and familiarity with transmission planning
• As Oracle also has a renewable energy goal, 1-3+ years executing renewable energy strategies including familiarity with green tariffs, wheeling arrangements, behind the meter deals, and VPPAs.
• Data center or mission critical expertise developing and executing energy strategies cross-functionally.
• Experience developing comprehensive understanding of gas transportation and gas molecule supply options, pros/cons, costs, risks
• Experience developing a comprehensive understanding of available onsite technologies and integration options/ability with DC site requirements

Disclaimer:

Certain U.S. based or U.S. customer or client-facing roles may be required to comply with applicable requirements, such as immunization/occupational health mandates, and/or drug testing requirements.

Range and benefit information provided in this posting are specific to the stated locations only

US: Hiring Range in USD from: $114,600 to $234,600 per annum. May be eligible for bonus, equity, and compensation deferral.

Oracle maintains broad salary ranges for its roles in order to account for variations in knowledge, skills, experience, market conditions and locations, as well as reflect Oracle's differing products, industries and lines of business.
Candidates are typically placed into the range based on the preceding factors as well as internal peer equity.

Oracle US offers a comprehensive benefits package which includes the following:
1. Medical, dental, and vision insurance, including expert medical opinion
2. Short term disability and long term disability
3. Life insurance and AD&D
4. Supplemental life insurance (Employee/Spouse/Child)
5. Health care and dependent care Flexible Spending Accounts
6. Pre-tax commuter and parking benefits
7. 401(k) Savings and Investment Plan with company match
8. Paid time off: Flexible Vacation is provided to all eligible employees assigned to a salaried (non-overtime eligible) position. Accrued Vacation is provided to all other employees eligible for vacation benefits. For employees working at least 35 hours per week, the vacation accrual rate is 13 days annually for the first three years of employment and 18 days annually for subsequent years of employment. Vacation accrual is prorated for employees working between 20 and 34 hours per week. Employees working fewer than 20 hours per week are not eligible for vacation.
9. 11 paid holidays
10. Paid sick leave: 72 hours of paid sick leave upon date of hire. Refreshes each calendar year. Unused balance will carry over each year up to a maximum cap of 112 hours.
11. Paid parental leave
12. Adoption assistance
13. Employee Stock Purchase Plan
14. Financial planning and group legal
15. Voluntary benefits including auto, homeowner and pet insurance

The role will generally accept applications for at least three calendar days from the posting date or as long as the job remains posted.

Career Level - IC5