Originator (Energy)

Location: Remote in the USA or San Francisco office on Fremont Street

Salary: $233,000–$310,000 annually for remote USA; $274,000–$365,000 annually for San Francisco

Company

Lambda builds AI cloud infrastructure for AI researchers, enterprises, and hyperscalers.

What you will do

• Originate PPAs, utility interconnection agreements, and energy supply contracts for data center growth.
• Build LCOE and NPV/IRR analyses comparing utility, hybrid, and islanded power strategies.
• Evaluate and execute power and fuel price hedges supporting GPU financing.
• Structure fixed-price contracts, heat rate call options, financial swaps, basis swaps, and NYMEX and OTC gas instruments.
• Model demand charge exposure and develop tariff, demand response, or BESS strategies.
• Forecast site-level energy costs, negotiate with utilities and suppliers, and track RTO/ISO, tariff, regulatory, and market developments.

Requirements

• Meaningful experience in energy origination, commodity or power trading, or utility-scale power markets.
• Direct experience with contract negotiation and deal execution.
• Ability to build and pressure-test LCOE, NPV, and IRR models.
• Hands-on experience evaluating or executing power and gas hedges, including swaps, options, and NYMEX/OTC markets.
• Ability to negotiate with utilities and counterparties and communicate complex risk and financial analysis to senior leadership.

Nice to have

• Experience procuring or structuring power for data centers, hyperscalers, or large industrial and AI infrastructure loads.
• Familiarity with ERCOT, PJM, MISO, CAISO, SPP, and other RTO/ISO markets, including tariff and settlement structures.
• Experience with project or asset financing where power costs and hedges influence the financing structure.
• Background at a utility, energy trading desk, IPP, data center developer, or commodity risk management group.

Culture & Benefits

• Cash and equity compensation.
• Health, dental, and vision coverage for employees and dependents.
• Wellness and commuter stipends for select roles.
• 401(k) plan with a 2% company match for USA employees.
• Flexible paid time off plan.