Project Finance Specialist

ON.energy is setting the standard for large load interconnection. ON’s patented AI UPS™ is a medium-voltage UPS that serves as a firewall, protecting the data center from the grid, and the grid from the data center. With multiple gigawatts currently under construction, we are enabling grid-safe data centers.
The Project Finance Specialist/Chief of Staff to the CIO is a deal-first role. You will work directly with ON.energy's Chief Investment Officer, who owns capital formation and deployment for the company: topco equity and debt, project finance, tax equity and credit transfers, and the financing structures behind our AI UPS-as-a-Service offering for neocloud and hyperscale customers.
Roughly 70% of your time is deal execution: building models, running financing processes, and negotiating alongside the CIO with a specific focus on Project Finance of ON.energy’s proprietary AI.UPS technology. The other 30% is running the Office of the CIO: setting priorities, preparing board and investor materials, and driving follow-through across Finance, Legal, Commercial, and Engineering.
This is a seat at the center of how ON.energy funds a multi-gigawatt build-out. You will see every major capital decision the company makes, and you will be expected to help shape them.
Location and Travel
Location: Miami, Florida. New York will be considered, and remote may be considered for an exceptional candidate.
Travel: Approximately 25%, including project sites in Texas, investor and lender meetings in New York, and customer meetings with hyperscale and neocloud partners.
What You'll Do
Support the CIO across all capital raise activity (equity, venture debt, credit facilities, structured capital): investor targeting, data rooms, models, materials, and diligence management.
Specific focus on structuring and executing project-level financings for AI UPS assets in ERCOT and other U.S. markets, including construction, term, and back-leverage facilities.
Design and finance AI UPS-as-a-Service: build the contract and capital structures (leases, energy-as-a-service, SPVs, asset-backed facilities) that let neocloud and hyperscale customers procure our systems off balance sheet.
Monetize tax credits, including §48E ITC, domestic content and energy community adders, §6418 transferability, and tax equity, working with the Tax team and outside advisors.
Own financial models built together with our analytics team for project lenders, project returns, and as-a-service pricing. Pressure-test assumptions on cost of capital, counterparty credit, and residual value.
Negotiate term sheets, credit agreements, and customer contracts alongside the CIO, Legal, and outside counsel.
Build and maintain relationships with banks, infrastructure funds, private credit, tax credit buyers, and the capital and infrastructure teams at hyperscalers and neoclouds.
Run the CIO's operating cadence: priorities, pipeline tracking, and weekly deal reviews.