Senior Director, Energy Procurement
Senior Director, Energy Procurement
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$ 212000 - 283000
1 Vacancy
Job Description
CoreWeave is the AI Hyperscaler delivering a cloud platform of cutting edge services powering the next wave of AI. Our technology provides enterprises and leading AI labs with the most performant efficient and resilient solutions for accelerated computing. Since 2017 CoreWeave has operated a growing footprint of data centers covering every region of the US and across Europe. CoreWeave was ranked as one of the TIME100 most influential companies of 2024.
As the leader in the industry we thrive in an environment where adaptability and resilience are key. Our culture offers career-defining opportunities for those who excel amid change and challenge. If youre someone who thrives in a dynamic environment enjoys solving complex problems and is eager to make a significant impact CoreWeave is the place for you. Join us and be part of a team solving some of the most exciting challenges in the industry.
CoreWeave powers the creation and delivery of the intelligence that drives innovation.
About the Role:
The Energy Procurement Director is responsible for securing reliable cost-effective clean and sustainable power for CoreWeaves industrial-scale data centers.
This role leads the development and execution of integrated energy procurement strategies manages direct utility engagement and contract negotiations and actively oversees both long-term and short-term energy managementincluding risk mitigation through physical and financial hedging.
Key Responsibilities
Integrated Energy Procurement Framework
- Develop and implement a comprehensive energy procurement framework that aligns with CoreWeaves strategic growth and operational needs.
- Establish cross-functional processes for holistic power management across Data Center Operations Finance Sustainability Engineering and Corporate Development.
- Develop bottom-up demand models that reflect workload mix efficiency curves PUE and long-term growth scenarios and integrate energy forecasts into broader financial planning and capacity models.
- Monitor energy markets regulatory changes (FERC ISO/RTO) and state incentives to inform site selection and contracting.
Direct Utility Engagement & Contract Negotiation
- Identify and negotiate direct utility deals and alternative procurement mechanisms (e.g. retail supply Power Purchase Agreements PPAs Virtual Power Purchase Agreements VPPAs) in both regulated and deregulated markets.
- Lead negotiations with utilities and data center operators to optimize contract terms manage price risk exposure and ensure direct control over utility bills.
Long-Term and Short-Term Energy Management
- Balance the energy portfolio by managing contracts for length price and geography to match data center load profiles.
- Oversee physical hedging strategies PPAs/VPPAs and the purchasing of Renewable Energy Certificates (RECs) as needed.
- Manage short-term procurement through demand response programs spot trading and real-time energy management.
Financial Hedging and Risk Management
- Develop and execute financial hedging strategies to manage price volatility and portfolio risk.
- Analyze market trends regulatory changes and consumption patterns to inform procurement decisions and optimize risk management.
- Manage and improve oversight of all-in power costs globally across various contract structures including colocation triple net and owned data centers
Cross-Functional Leadership
- Serve as a key liaison between energy procurement and other business functions ensuring alignment with corporate sustainability and financial goals.
- Collaborate with sustainability leaders to drive clean energy procurement set renewable targets and support environmental credit purchases.
- Lead a small team of power market analysts fostering a high-performance insight-driven culture.
Wondering if youre a good fit We believe in investing in our people and value candidates who can bring their own diversified experiences to our teams even if you arent a 100% skill or experience match. Here are a few qualities weve found compatible with our team. If some of this describes you wed love to talk.
Minimum Qualifications
- Experience: 12 years in power markets with direct P&L responsibility large-scale corporate buyers in real estate industrial tech/hyperscale cloud operators.
- Deep expertise in U.S. and European energy markets including deregulated markets
- Demonstrated success in negotiating >250 MW complex energy contracts and managing supplier relationships.
- Strong analytical skills in energy forecasting risk analysis and financial modeling.
- Experience with demand response physical and financial hedging and onsite energy solutions.
- Excellent cross-functional collaboration leadership and communication skills
- Bachelors degree in Engineering Finance Economics or related field; MBA or MS in Energy Systems is a plus.
Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $212000-$283000. Pay is based on a number of factors including market location and may vary depending on job-related knowledge skills and experience. This position also includes a discretionary bonus equity and a comprehensive benefits package.
What We Offer
The range weve posted represents the typical compensation range for this role. To determine actual compensation we review the market rate for each candidate which can include a variety of factors. These include qualifications experience interview performance and location.
In addition to a competitive salary we offer a variety of benefits to support your needs including:
- Medical dental and vision insurance - 100% paid for by CoreWeave
- Company-paid Life Insurance
- Voluntary supplemental life insurance
- Short and long-term disability insurance
- Flexible Spending Account
- Health Savings Account
- Tuition Reimbursement
- Ability to Participate in Employee Stock Purchase Program (ESPP)
- Mental Wellness Benefits through Spring Health
- Family-Forming support provided by Carrot
- Paid Parental Leave
- Flexible full-service childcare support with Kinside
- 401(k) with a generous employer match
- Flexible PTO
- Catered lunch each day in our office and data center locations
- A casual work environment
- A work culture focused on innovative disruption
Our Workplace
While we prioritize a hybrid work environment remote work may be considered for candidates located more than 30 miles from an office based on role requirements for specialized skill sets. New hires will be invited to attend onboarding at one of our hubs within their first month. Teams also gather quarterly to support collaboration
California Consumer Privacy Act - California applicants only
CoreWeave is an equal opportunity employer committed to fostering an inclusive and supportive workplace. All qualified applicants and candidates will receive consideration for employment without regard to race color religion sex disability age sexual orientation gender identity national origin veteran status or genetic information.
As part of this commitment and consistent with the Americans with Disabilities Act (ADA) CoreWeave will ensure that qualified applicants and candidates with disabilities are provided reasonable accommodations for the hiring process unless such accommodation would cause an undue hardship. If reasonable accommodation is needed please contact: .
Export Control Compliance
This position requires access to export controlled information. To conform to U.S. Government export regulations applicable to that information applicant must either be (A) a U.S. person defined as a (i) U.S. citizen or national (ii) U.S. lawful permanent resident (green card holder) (iii) refugee under 8 U.S.C. 1157 or (iv) asylee under 8 U.S.C. 1158 (B) eligible to access the export controlled information without a required export authorization or (C) eligible and reasonably likely to obtain the required export authorization from the applicable U.S. government agency. CoreWeave may for legitimate business reasons decline to pursue any export licensing process.
Required Experience:
Exec
Employment Type
Full Time
