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