Development Manager

About Fervo Energy

Fervo Energy (NASDAQ: FRVO) is a modern power company developing next-generation geothermal resources to meet the growing demand for affordable, reliable, 24/7 carbon-free energy. Our mission is to transform geothermal into America’s most dependable and affordable source of clean, around-the-clock power. By combining innovations in horizontal drilling, fiber-optic sensing, and advanced reservoir engineering, Fervo has developed a repeatable approach to building utility-scale enhanced geothermal systems. Our flagship Cape Station development in Utah is planned to deliver 500 MW of firm, carbon-free power, and we are advancing a development pipeline of more than 50 GW. Join us and work alongside world-class engineers, geoscientists, operators, project builders, and business leaders working to make geothermal a cornerstone of a more reliable, affordable, and sustainable energy future. Position Description

The Development Manager, Energy Solutions will help shape how Fervo’s 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. You will own the commercial and technical integration of these energy solutions from early concept through financeable, executable agreements, working closely with the Transmission & Interconnection, Commercial, Finance, and Legal teams. Reporting directly to the Head of Development, this role is ideal for someone who moves fluidly between deal structuring, technical feasibility, and stakeholder management, and who is energized by building a new capability inside a fast-moving development organization. Responsibilities

Energy Solutions Development & Deal Execution Own the path from concept to a financeable, executable agreement for Fervo’s advanced energy delivery arrangements, including decision logs, risk registers, and critical-path tracking, and make sure commercial terms and technical requirements stay 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.

Technical & Resource Integration Partner with Fervo’s subsurface, drilling and completions, and engineering teams to align the geothermal resource plan with microgrid design an on-site load requirements.

Translate resource characteristics, generation profiles, and technical constraints into commercial and financing assumptions for behind-the-meter and microgrid deals.

Serve as the connective link between the geothermal resource, the microgrid, on-site power needs, so all are engineered, built and operated as one coherent system.

Financeability & Cross-Functional Integration Translate technical and commercial inputs into a coherent, lender-ready narrative in partnership with Finance and Capital Markets.

Identify and track the risks, dependencies, and open issues that could affect financeability or executability, and drive them to resolution across internal and external stakeholders.

Prepare materials that clearly communicate deal status, tradeoffs, and recommendations for senior leadership.

Customer & Market Engagement 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 market participants relevant to flexible and on-site generation.

Track market, regulatory, and technology trends relevant to flexible generation and energy delivery, and translate them into implications for Fervo’s development strategy.

Process & Tools Help build the playbooks, templates, and internal tools that let this work scale as Fervo’s pipeline of energy solutions opportunities grows.

Qualifications

Required

Bachelor’s degree in engineering, finance, business, or a related field.

7+ years of experience in power project development, structured/project finance, or commercial roles within power generation or energy infrastructure.

Experience structuring or negotiating commercial agreements for power delivery (e.g., PPAs, interconnection agreements, EPC/O&M).

Working knowledge of behind-the-meter and on-site generation, interconnection processes, and flexible generation economics.

Comfortable reading and pressure-testing financial models and technical studies; able to translate complexity into clear recommendations for senior leadership.

Highly organized self-starter, comfortable managing multiple workstreams and ambiguity in a fast-paced environment.

Preferred

Experience serving hyperscaler or other large-load customers.

Familiarity with IRA incentives and financing/credit structures (e.g., tax equity, transferability).

Existing relationships with utilities, IPPs, or equipment providers relevant to flexible or on-site generation.

Advanced degree in engineering, finance, business, or a related field.

Location

Fervo Energy has offices in Houston, TX, Golden, CO, Reno, NV, Oakland, CA, and Salt Lake City, UT. This position will be eligible for some hybrid work flexibility, but regular in-office presence at any of the above locations will be required. Compensation

Fervo provides a comprehensive suite of benefits including medical, dental, vision, life, short-term and long-term disability, flexible paid time off, and paid parental leave. Additionally, Fervo offers an incentive stock options program, a bonus incentive program, and a 401(k) plan with an employer match. Fervo Energy is providing the compensation range and general description of other compensation and benefits that the company in good faith believes it might pay and/or offer for this position based on the successful applicant’s education, experience, knowledge, skills, and abilities in addition to internal equity and geographic location. Expected Salary: $170,363 - $212,809 based on location and experience. Fervo Energy reserves the right to ultimately pay more or less than the posted range and offer other compensation, depending on circumstances not related to an applicant’s sex or other status protected by local, state, or federal law. Benefits & Perks

Fervo offers a comprehensive benefits package designed to support your health, financial well-being, and life outside of work. Benefits for eligible employees include: Medical, dental, and vision plan options Employer-paid basic life insurance and short-term and long-term disability coverage A 401(k) plan with up to 6% match Flexible paid time off and paid parental leave Family-building, fertility, hormonal health, pregnancy, postpartum, and parenting support through Carrot A dependent care FSA for eligible child and elder care expenses An annual Lifestyle Spending Account for eligible wellness expenses, including fitness, financial planning, pet insurance, and pet care Employee ownership opportunities through Fervo’s Employee Stock Purchase Program, as well as stock option grants and bonus opportunities for eligible roles Benefits and programs are subject to eligibility requirements and may change. Our Workplace

Fervo Energy highly values having employees work in the office to foster collaboration and strengthen our company culture. This role follows a hybrid schedule, with team members expected to work in the office three days per week. Fervo considers this in-office schedule an essential function of the role. Your recruiter can share more information about the schedule. Equal Opportunity Employer

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military or veteran status, or any other consideration made unlawful by federal, state, or local law. Fervo also prohibits discrimination based on the perception that an individual has any of these characteristics or is associated with a person who has or is perceived as having any of these characteristics.