Energy Procurement Manager

Core Weave is seeking an Energy Procurement Manager to ensure sustainable and cost-effective energy procurement for its data centers in the US and Europe. The role involves energy sourcing, contract negotiation, and collaboration with various teams to support the company's growth in GPU compute infrastructure. Candidates should have expertise in energy markets and risk management. The position is based in North Bergen, NJ.
Job Description

Core Weave is the AI Hyperscaler, delivering a cloud platform of cutting-edge services powering the next wave of AI. Our technology provides enterprises and leading AI labs with the most performant, efficient, and resilient solutions for accelerated computing. Since 2017, Core Weave has operated a growing footprint of data centers covering every region of the US and across Europe. Core Weave was ranked as one of the TIME
100 most influential companies of 2024.

As the leader in the industry, we thrive in an environment where adaptability and resilience are key. Our culture offers career-defining opportunities for those who excel amid change and challenge. If you're someone who thrives in a dynamic environment, enjoys solving complex problems, and is eager to make a significant impact, Core Weave is the place for you. Join us, and be part of a team solving some of the most exciting challenges in the industry.

Core Weave powers the creation and delivery of the intelligence that drives innovation.

Position Overview:

Core Weave is a rapidly growing company that provides purpose-built cloud services that are powering the AI revolution; we are a diverse team of software, hardware, and network engineers, supply chain specialists, security experts, and operations managers. You will collaborate with people across Core Weave to help us deliver power to our data centers in the US and Europe.

The Energy Procurement Manager will ensure cost-effective, reliable, and sustainable energy procurement while aligning with Core Weave's rapid growth in GPU compute infrastructure. The ideal candidate will combine expertise in energy markets, contract negotiation, and cross-functional collaboration to drive strategic energy solutions. They will be part of the sustainability team, working closely with colleagues from data center operations, design, finance, and corporate development.

This person will play a critical role in energy sourcing, forecasting, and Power Purchase Agreement/Virtual Power Purchase Agreement negotiations for data centers across the U.S. and Europe.

Key Responsibilities:

Energy Sourcing & Procurement:
• Support the development and execution of a comprehensive power and renewables energy and utilities strategy for Core Weave.
• Execute electricity supply contracts that create new clean energy capacity on the grid, reduce cost, minimize risk, and leverage opportunities that benefit Core Weave.
• Work collaboratively with the data center operations team to support the development of strategic energy sourcing opportunities.
• Analyze trends and regulations in the energy space to proactively identify opportunities that benefit Core Weave.

Market Intelligence & Risk Management:
• Analyze market trends, regulatory changes, and consumption patterns to optimize procurement strategies.
• Mitigate risks such as price volatility, supply disruptions, and regulatory shifts through hedging strategies and contingency planning.

Contract Negotiation & Management:
• Lead negotiations with suppliers and utilities to secure favorable terms, including PPAs, tariffs, and long-term agreements.
• Manage contracts, ensuring compliance with legal and regulatory requirements.

Cross-Functional Collaboration:
• Partner with Finance, Operations, and Sustainability teams to align energy procurement with business objectives.
• Monitor U.S. and European energy markets, including renewable energy incentives, grid expansion projects, and policy changes.
• Explore innovative solutions (e.g., on-site storage) to enhance energy resilience for data centers.

Qualifications:
• Experience:

5+ years in energy procurement, preferably in tech or data center sectors.
• Market Knowledge:
Deep understanding of U.S. and European energy markets, including deregulated power markets.
• Negotiation Skills:
Proven ability to negotiate complex contracts (PPAs, tariffs) and manage supplier relationships.
• Analytical Skills:
Expertise in energy forecasting, risk analysis, and financial modeling.

Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $135,000-$165,000. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.

What We Offer:

The range we've posted represents the typical compensation range for this role. To determine actual compensation, we review the market rate for each candidate which can include a variety of factors. These include qualifications, experience, interview performance, and location.

In addition to a competitive salary, we offer a variety of benefits to support your needs, including:
• Medical, dental, and vision insurance - 100% paid for by Core Weave.
• Company-paid Life Insurance.
• Voluntary supplemental life insurance.
• Short and long-term insurance.
• Flexible Spending Account.
• Health Savings Account.
• Tuition Reimbursement.
• Mental Wellness Benefits through Spring Health.
• Family-Forming support provided by Carrot.
• Paid Parental Leave.
• Flexible,…