Development Analyst

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