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Asset Manager, Market Asset Operations

Houston, TX

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 Asset Manager, Market & Asset Operations owns Fervo’s day-ahead market interface in CAISO and is accountable for the quality and reliability of asset participation 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, interconnection partners, 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 settlements validation, revenue realization, and market performance analysis, maintain the process controls and documentation that reduce single-point execution risk, and work with Governmental and Regulatory Affairs to advance market design opportunities for geothermal resources.

Responsibilities

CAISO Market Interface & Bid Execution

  • Own the day-ahead 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.

  • Manage master file and GRDT updates, outage management in OMS/CIDI, 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.

Scheduling Coordinator & Stakeholder Management

  • Own the Scheduling Coordinator relationship end-to-end, including issue resolution, operating parameter alignment, testing schedules, and ongoing process controls.

  • Coordinate with Plant Operations 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.

Market Performance & Revenue Assurance

  • Support settlements validation, revenue realization, and market performance analysis 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.

Process Controls & Team Development

  • Build and maintain checklists, 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 and Analysts, developing team capability alongside execution quality.

  • Drive continuous improvement across market operations workflows, ensuring the team scales effectively as Fervo’s asset portfolio grows.

Qualifications

Required

  • 5+ years of experience in CAISO or other ISO/RTO market operations, with direct exposure to scheduling, bidding, settlements, or market coordination functions

  • Strong working 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 communication, documentation, and process design skills

Preferred

  • Hands-on experience with OMS, CIDI, settlements workflows, Resource Adequacy, or REC compliance in a renewable or clean energy context

  • Familiarity with geothermal, storage, or other non-traditional resource participation in organized markets

  • Experience supporting or interfacing with regulatory and governmental affairs functions on market design issues

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 the Houston office will be required.

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 LTI 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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