Strategy Associate

The Strategy Associate will be an integral member of the Strategy team, focused on developing diversification opportunities for geothermal heat and power, spearheading cross-functional strategic initiatives, and guiding decision-makers through long-term growth opportunities.

Fervo’s Mission is to use innovation in geoscience to accelerate the world’s transition to sustainable energy. To accomplish that goal, Fervo has developed groundbreaking technology solutions that have advanced the state-of-the-art of geothermal energy decades ahead of schedule, including the world’s most successful commercial enhanced geothermal system completed in 2023. Fervo has raised over $400 million from leading investors and has secured a multi-billion-dollar project pipeline to meet the world’s growing need for 24/7 carbon free energy. Join us and work alongside world-class engineers, researchers, investors, and developers in making geothermal a key pillar of our climate-friendly energy future.

Description

The Strategy Associate will be an integral member of the Strategy team, focused on developing diversification opportunities for geothermal heat and power, spearheading cross-functional strategic initiatives, and guiding decision-makers through long-term growth opportunities. This role will be responsible for working on a range of projects that require adaptability and a multi-faceted skillset and will bring a new perspective with diverse ideas. The Strategy Associate will report to the Strategic Lead.

Responsibilities

  • Market Research: Conducting thorough frontier market research to identify key diversification opportunities for geothermal heat and power, trends, and threats in the industry relevant to the company’s strategic objectives; Generate new ideas for diversified offtake
  • Competitive Analysis: Analyzing competitors’ strategies, products, and market positioning to provide insights for the development of competitive advantage.
  • Financial Analysis: Analyzing financial data and performance metrics to assess the financial health of the company and evaluate the impact of strategic decisions.
  • Cross-functional Collaboration: Collaborating with various departments such as marketing, finance, and operations to gather input, align strategies, and ensure effective execution of strategic initiatives.
  • Risk Assessment: Identifying and evaluating risks associated with strategic initiatives and developing mitigation strategies to minimize potential negative impacts.
  • Presentation and Communication: Preparing presentations, reports, and other communication materials to convey strategic recommendations, findings, and progress to senior management and stakeholders.
  • Continuous Improvement: Proactively seeking opportunities for process improvement and optimization within the strategy function and across the organization to enhance overall effectiveness and efficiency.
  • Stakeholder Engagement: Build communities of external stakeholders within specified industries to educate on Fervo’s offerings, establish long-term relationships, and further inform Fervo’s industry perspective

Qualifications

  • Bachelor’s Degree required; engineering, finance, accounting, economics, or related field preferred; MBA preferred
  • 3+ years of relevant professional experience
  • Excellent written and verbal communication skills 
  • A high degree of organization, creativity, and self-motivation
  • Ability to thrive in a highly autonomous role with limited supervision or direction amongst changing priorities

Location

Fervo Energy is headquartered in Houston, TX, with growing offices in 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, with preference to Golden or Houston.

About Fervo Energy

Fervo Energy commercializes technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future. As a 24/7, reliable clean energy resource, geothermal energy has a major role to play in the future electric grid and Fervo Energy’s key innovations bring a full suite of modern technology to make geothermal cost competitive. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that we have developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo is supported through Cyclotron Road, the Department of Energy, Stanford University, and Breakthrough Energy Ventures.

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 and veteran status or any other consideration made unlawful by federal, state, or local laws. It also prohibits unlawful discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has or is perceived as having any of those characteristics.