Manager, Market & Asset Operations

Manager, Market & Asset Operations

Fervo Energy is advancing the next generation of geothermal energy to deliver 24/7 carbon-free power at scale. We combine subsurface engineering, horizontal drilling, and real-time data systems to unlock a clean, reliable energy resource built for the demands of modern power markets.

As Fervo's geothermal assets enter commercial operation in CAISO, we are building the market operations infrastructure to protect revenue, meet compliance obligations, and position the business for growth in a complex ISO environment. This role is the owner of that execution layer.

The Manager, Market & Asset Operations owns Fervo's day-ahead market interface in CAISO and is accountable for the quality and financial performance of geothermal assets from bid execution through handoff to real-time operations. You will serve as the primary point of contact for the Scheduling Coordinator relationship, coordinating closely with Plant Operations, Process Engineering, Interconnection partners, the customers, and internal Asset Management stakeholders to ensure market participation accurately reflects plant conditions, outage plans, and operating constraints at all times.

This role operates at the intersection of commercial performance and operational discipline. You will support revenue optimization, market performance analysis, validate settlements, maintain the process controls and documentation that reduce single-point execution risk. You will work with Governmental and Regulatory Affairs to apply your asset optimization expertise to influence market design opportunities for enhanced geothermal resources. You will also provide day-to-day coaching and guidance to Associates and Analysts on the team.

Responsibilities

• Own the forward market interface and bid execution process for Fervo's geothermal assets in CAISO, ensuring participation is accurate, timely, and consistent with asset capabilities and operating constraints required to deliver our bundled products.
• Manage the asset optimization in the market including master file and GRDT updates, outage management in OMS, and other CAISO readiness requirements across the asset portfolio.
• Maintain a strong working knowledge of CAISO market rules and support readiness for Resource Adequacy, Renewable Energy Credits, and related compliance obligations.
• Propose commercial term revisions required to optimize revenue during Power Purchase Agreement amendment negotiations.
• Own the Scheduling Coordinator relationship end-to-end, including issue resolution, operating parameter alignment, testing schedules, and ongoing process controls.
• Lead cross-functionally and own the coordination across Plant Operations, our off-takers, and interconnection partners to ensure market participation accurately reflects plant conditions, outage plans, testing constraints, and capacity limitations.
• Ensure the handoff from day-ahead awards to real-time execution is clearly documented, consistently executed, and operationally reliable.
• Own revenue realization, market performance analysis and settlement validation in partnership with internal and external stakeholders.
• Work with Governmental and Regulatory Affairs to identify and advance market design opportunities that improve geothermal asset participation and value capture in CAISO.
• Track and report on market performance trends, identifying execution gaps and recommending process improvements to leadership.
• Align asset performance in the market with contracted terms of any power Purchase Agreements.
• Provide regular communication of revenue optimization and market dynamics to internal stakeholders, provide optimization recommendations to leadership.
• Build and maintain Commercial Operating desk procedures, escalation paths, and process documentation that reduce single-point execution risk and establish repeatable operational controls.
• Provide day-to-day coaching and guidance to Associates, Analysts or Interns, developing team capability alongside execution quality.
• Drive continuous improvement across market operations workflows, including deployment of AI, ensuring the team scales effectively as Fervo's asset portfolio grows.

Qualifications

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, or a related quantitative field
• 7+ years of experience in CAISO or other ISO/RTO market operations, with direct exposure to scheduling, bidding, settlements, or scheduling coordination functions
• Advanced knowledge of power market operations, scheduling coordinator interfaces, outage management processes, and applicable market rules
• Demonstrated ability to manage external operator relationships and drive issue resolution in time-sensitive, detail-oriented environments
• Experience working across plant operations, commercial teams, and external partners with competing priorities and tight operational windows
• Strong written and verbal communication skills, with the ability to present technical market details clearly to non-technical stakeholders
• Demonstrated ability to use data to solve problems and drive recommendations
• Master's degree or MBA in a relevant field
• Hands-on experience with OMS, CIDI, settlements workflows, Resource Adequacy, or REC compliance in a renewable or clean energy context
• Strong knowledge of power generating assets: geothermal, storage, or other non-traditional resource optimization in organized markets
• Experience supporting or interfacing with regulatory and governmental affairs functions to drive novel solutions and create market designs for advanced geothermal participation
• Prior experience mentoring junior market operations staff

Fervo Energy is headquartered in Houston, TX with growing offices in Oakland, CA, Golden, CO, Reno, NV, and Salt Lake City, UT. This position will be eligible for some hybrid work flexibility, but regular in-office presence at Fervo's Houston office will be required. Some travel is required for this position.