Job 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
Fervo provides a comprehensive suite of benefits including medical, dental, vision, life, short-term and long-term disability, flexible paid time off, and paid parental leave. Additionally, Fervo offers an incentive stock options program, a bonus incentive program, and a 401(k) plan with an employer match.
Fervo Energy is providing the compensation range and general description of other compensation and benefits that the company in good faith believes it might pay and/or offer for this position based on the successful applicant's education, experience, knowledge, skills, and abilities in addition to internal equity and geographic location. Expected Salary: $90,000 - $115,000 based on location and experience.
Fervo Energy reserves the right to ultimately pay more or less than the posted range and offer other compensation, depending on circumstances not related to an applicant's sex or other status protected by local, state, or federal law.
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
- A dependent care FSA for eligible child and elder care expenses
- An annual Lifestyle Spending Account for eligible wellness expenses, including fitness, financial planning, pet insurance, and pet care
- Employee ownership opportunities through Fervo's Employee Stock Purchase Program, as well as LTI and bonus opportunities for eligible roles
Benefits and programs are subject to eligibility requirements and may change.
Our Workplace
Fervo Energy highly values having employees work in the office to foster collaboration and strengthen our company culture. This role follows a hybrid schedule, with team members expected to work in the office three days per week. Fervo considers this in-office schedule an essential function of the role. Your recruiter can share more information about the schedule.
Equal Opportunity Employer
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 or veteran status, or any other consideration made unlawful by federal, state, or local law. Fervo also prohibits discrimination based on the perception that an individual has any of these characteristics or is associated with a person who has or is perceived as having any of these characteristics.
Pay & benefits
About this role
About Fervo Energy
Company Overview
Fervo Energy
HeadquartersHouston, Texas, United States
Founded2017
SizeApproximately 180 employees ranged in recent years and raised $462 million in Series E financing in December 2025 to accelerate geothermal development (source: fervoenergy.com).
What They Do
Fervo Energy is a private geothermal energy company that has evolved from an early-stage startup into a developer, owner, and operator of next-generation geothermal projects delivering 24/7 carbon-free power (source: fervoenergy.com). Their core technology centers on enhanced geothermal systems, leveraging advanced drilling techniques and data-driven subsurface engineering to produce reliable, dispatchable clean electricity from underground heat resources (source: csr.mercuria.com). Fervo integrates geothermal energy expertise with renewable power development and oil-and-gas technology, enabling them to develop geothermal fields, drill and complete wells, and operate organic Rankine cycle (ORC) power plants paired with surface facilities (source: fervoenergy.com). Their commercial focus is on utility-scale power buyers seeking firm, zero-emission electricity, including public utilities and major energy purchasers, positioning geothermal as a dispatchable alternative to intermittent renewables (source: csr.mercuria.com). The company’s operational model spans subsurface engineering, surface facilities, maintenance, operations, and engineering teams, emphasizing cross-functional collaboration and technical breadth (source: indeed.com).
Projects & Track Record
Fervo Energy’s flagship commercial pilot, Project Red in Nevada, is a 3 MW geothermal installation that demonstrated one year of continuous operation with zero thermal decline, showcasing the reliability of their enhanced geothermal systems (source: csr.mercuria.com). Cape Station in Utah is a major greenfield development and one of Fervo’s largest projects, with 20 wells drilled and a fully contracted Phase I of 100 MW scheduled to deliver power to the grid in 2026; the entire development is planned to reach 500 MW capacity (source: csr.mercuria.com). Another significant upcoming project in Nevada involves a 115 MW development in partnership with Google and NV Energy, supported by a pioneering Clean Transition Tariff to provide round-the-clock carbon-free power (source: csr.mercuria.com). Fervo has also secured a multi-billion-dollar project pipeline, reflecting strong commercial momentum and scalability of their geothermal technology (source: fervoenergy.com).
Recent Developments
In 2026, Fervo Energy announced $421 million in non-recourse project financing for Cape Station, underscoring investor confidence in their flagship Utah project (source: fervoenergy.com). The company signed a 1.7 GW turbine supply framework agreement with Turboden covering up to 35 standardized 50 MW ORC GeoBlocks, enhancing their capacity to scale geothermal power plants (source: fervoenergy.com). Additionally, a long-term supply agreement with Vallourec was announced, representing up to $800 million in potential revenue over five years to support domestic geothermal infrastructure expansion (source: fervoenergy.com). The Board of Directors was expanded in April 2026, adding Meg Whitman as Lead Independent Director along with three other experts in energy, finance, engineering, and governance (source: fervoenergy.com). The company publicly filed its registration statement for a proposed IPO in April 2026 and launched its roadshow in May 2026, subsequently upsizing and pricing the offering, marking a significant milestone in its growth trajectory (source: fervoenergy.com). Earlier in 2026, Fervo was recognized as the #1 company on TIME’s list of America’s Top GreenTech Companies, highlighting its leadership in sustainable energy innovation (source: fervoenergy.com).
Working There
Fervo Energy hires across a broad range of functions including engineering, commercial, legal, operations, compliance, audit, and category management, reflecting the multidisciplinary nature of its business (source: fervoenergy.com). Job openings span locations such as Houston, Golden, Oakland, Reno, and Salt Lake City, with internships offered in specific cities depending on role requirements, including Environmental Analyst roles in Salt Lake City and Legal internships in Houston (source: fervoenergy.com). The company culture emphasizes technical breadth, cross-functional collaboration, and innovation, with teams combining geothermal, renewable power, and oil-and-gas expertise to accelerate the transition to sustainable energy (source: fervoenergy.com). Roles such as Process Engineer require close coordination with maintenance, operations, and subsurface teams, and involve safety responsibilities including risk assessments and incident investigations (source: indeed.com). Compensation benchmarks for technical roles in Houston range from approximately $86K to $129K annually, reflecting competitive pay in the clean energy sector (source: glassdoor.com).
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