Associate, Structured Finance

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 Structured Finance Associate will support the Manager, Structured Finance in capital raise activities for Fervo’s enhanced geothermal projects, including project finance debt, project equity, tax equity, tax credit monetization, hybrid corporate/project structures, and various forms of public financing. Responsibilities include building financial models, managing diligence requests, and drafting external presentations for potential project financiers. The Associate will have a unique opportunity to contribute to the financing strategy for one of the world’s most influential first-of-a-kind climate projects, helping write the playbook not just for Fervo but for the broader climate tech ecosystem. This position will report to the Director of Structured Finance.
Responsibilities
Develop and oversee financial models used in financing transactions and internal analysis; analyze and recommend structuring considerations and financing alternatives
Prepare marketing presentations (teasers, CIMs) and support outreach and selection of financing partners
Coordinate various due diligence processes with internal departments (development, construction, operations, finance); manage external stakeholders such as financial advisors, legal counsel, and consultants while managing project data rooms
Support PPA negotiations and provide ad-hoc analytical support for potential commercial development opportunities
Collaborate with cross-functional teams to identify and evaluate potential project financing options, including debt and equity structures
Support the drafting and review of transaction documents alongside Legal and external counsel, tracking open issues to resolution and preparing transaction status updates for senior leadership
Respond to lender and investor information requests and help ensure clean handoff of closed transactions to Portfolio Management, including documentation and compliance requirements
Qualifications
Required
Bachelor’s degree in finance, accounting, economics, or a related field
2–4 years of experience in project finance—ideally within renewable energy, infrastructure, or banking
Experience structuring debt and equity for infrastructure assets
Working knowledge of project finance debt, tax equity, and capital stack structuring
Strong analytical and financial modeling skills, including comfort working with large datasets
Proficiency in Microsoft Excel and PowerPoint
Excellent communication and organizational skills; strong attention to detail
Self-starter with a proactive, adaptable mindset
Preferred
Familiarity with renewable energy offtake arrangements
Exposure to diligence processes, data rooms, and documentation workstreams on live transactions
Experience interacting with lenders, equity investors, or tax equity counterparties
Location
Fervo Energy is headquartered in Houston, TX, with growing offices in Oakland, CA, Golden, CO, Reno, NV, and Salt Lake City, UT. This position follows a hybrid schedule, with team members expected to work in the Houston office three days per week. Some travel will be required.
Benefits & Perks
Fervo offers a comprehensive benefits package designed to support your health, financial well-being, and life outside of work. Benefits for eligible employees include:
Medical, dental, and vision plan options
Employer-paid basic life insurance and short-term and long-term disability coverage
A 401(k) plan with up to 6% match
Flexible paid time off and paid parental leave
Family-building, fertility, hormonal health, pregnancy, postpartum, and parenting support through Carrot

Skills
Excel, Financial Modeling, Accounting, Due Diligence, Documentation

Experience
2-4 yrs