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Development Analyst

Oakland, CA

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

We are seeking a Development Analyst who is energized by Fervo’s mission and eager to take on broad, high-impact responsibility early in their career. Reporting to a Development Manager, this role is wide-ranging in scope, spanning project management, financial analysis, market and regulatory research, contract structuring, and internal tooling development. It is ideal for an analytical, organized self-starter who thrives on ambiguity, learns quickly, and wants front-row exposure to how large-scale clean energy projects come together in a fast-moving, high-stakes environment.

Responsibilities

Project Management for External Partnership Developments

  • Support coordination of projects across Fervo’s development pipeline, including partnership-driven developments, helping manage timelines, deliverables, and milestones across internal teams and external partners.

  • Maintain project trackers, organize cross-party and cross-functional workstreams, and prepare status updates and materials for partner meetings and internal leadership reviews.

  • Identify schedule risks, dependencies, and bottlenecks early, and help drive items to resolution across counterparties.

Contract Negotiation & Financial Analysis Support

  • Support the structuring, evaluation, and negotiation of development transactions and multi-party agreements, including preparing term sheet comparisons, deal summaries, and decision-support materials for internal and external stakeholders.

  • Build and maintain models that quantify the commercial, financial, and risk implications of alternative deal structures across counterparty pairings.

  • Track open commercial issues, organize negotiation inputs, and help coordinate across internal legal, finance, and development teams to keep transactions moving.

Market and Regulatory Research

  • Conduct research and analysis on markets, counterparties, regulatory and transmission and integrated resource planning (IRP) processes, and other factors that shape Fervo’s development strategy.

  • Support diligence efforts on new opportunities and partnerships, both internally and externally driven.

  • Synthesize complex information into clear, decision-ready findings and recommendations for the development team and senior leadership.

Support Development of Internal Tools for Managing Fervo’s Pipeline

  • Work with the development and internal tooling teams to help design, build, and improve internal tools, trackers, and dashboards that manage and provide visibility into Fervo’s development pipeline.

  • Help standardize how pipeline data, deliverables, and milestones are captured and reported, ensuring tools scale as the portfolio grows.

  • Translate team workflows into repeatable, structured processes and supporting tooling.

Qualifications

  • Bachelor’s degree in engineering, economics, finance, business, public policy, environmental studies, or a related field.

  • Relevant professional or internship experience, with up to three years of experience preferred.

  • Experience with quantitative analysis and financial or data modeling through coursework, internships, or projects.

  • Interest in the electricity sector and power markets; prior coursework or internship exposure is a plus.

  • Strong written and verbal communication skills, with the ability to synthesize complex information for varied audiences.

  • Highly organized self-starter able to manage multiple workstreams and shifting priorities in a fast-paced environment.

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: $90,000 – $115,000 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 a dollar-for-dollar company 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.

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For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in Fervo Energy’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

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