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Lambda, a leader in AI cloud infrastructure serving tens of thousands of customers from researchers to enterprises and hyperscalers, is seeking an Energy Origination & Hedging Manager to drive the company's data center growth strategy. This critical role bridges commercial deal-making, quantitative analysis, and energy risk management.
Key responsibilities include originating power purchase agreements (PPAs), utility interconnection agreements, and energy supply contracts with a focus on data center contexts. You will develop detailed LCOE and NPV/IRR analyses comparing utility guarantees ($1M–$3M), hybrid, and islanded power strategies (~$300K credit support) to inform site and structure decisions. The role owns hedging strategy, evaluating and executing power and fuel price hedges that de-risk and support GPU financing through fixed-price contracts, heat rate call options, financial swaps, basis swaps, and NYMEX/OTC gas instruments.
You will model peak demand exposure and identify tariff, demand response, or battery energy storage strategies to reduce costs. The position requires producing site-level energy cost forecasts at acquisition using tariff structures and market price curves, and leading direct negotiations with utilities, Solaris, VoltaGrid, and fuel suppliers on commercial and technical terms. Maintaining working knowledge of RTO/ISO processes, tariff structures, state regulatory risk, and broader energy market dynamics is essential.
Ideal candidates bring meaningful experience in energy origination, commodity/power trading, or utility-scale power markets with direct exposure to contract negotiation and deal execution. Strong analytical rigor in building and pressure-testing financial models is required, along with hands-on hedging experience evaluating or executing power and gas hedges. Excellent communication skills to negotiate with utilities and translate complex risk analysis for senior leadership are critical.
Nice-to-have qualifications include prior experience procuring or structuring power for data centers or hyperscale infrastructure, familiarity with RTO/ISO markets (ERCOT, PJM, MISO, CAISO, SPP), exposure to project or asset financing where power costs drive structure, or background at utilities, energy trading desks, independent power producers, data center developers, or commodity risk management groups.
