Power Procurement Manager

CoreWeave; New York (NY); On-site; USD 143,000 - 210,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Company-paid Life Insurance

401(k) with employer match

Flexible PTO

Job summary

CoreWeave is seeking an Energy Procurement Manager to lead energy procurement transactions across their data center portfolio. This role includes structuring, negotiating, and executing energy contracts, and collaborating closely with various teams, including Design & Engineering and Finance.

Candidates should have a minimum of 10 years in energy procurement and a strong grasp of U.S. power markets. This is a critical role for supporting core business operations and sustainability objectives.

Qualifications

• 10+ years of experience in energy procurement, ideally in tech sectors.
• Deep understanding of U.S. power markets and experience in deregulated environments.
• Proven track record with electricity supply agreements and PPAs.

Responsibilities

• Own end-to-end energy procurement transaction processes.
• Lead execution of electricity supply agreements and structured transactions.
• Design hedging strategies to mitigate market risk.

Skills

Energy procurement

Power trading

Risk management

Financial modeling

Contract negotiation

Education

10+ years of experience in energy or related fields

Tools

Advanced Excel

Energy market analytics tools

Job description

About the Role

CoreWeave is a rapidly growing technology company delivering purpose-built cloud infrastructure that powers the AI revolution. Our teams span software, hardware, networking, operations, supply chain, security, and sustainability. As CoreWeave scales data center capacity across the U.S. and Europe, reliable and cost-effective power procurement is critical to our success.

The Energy Procurement Manager will be a transactional, execution-focused role responsible for structuring, negotiating, and executing power procurement and risk management transactions for CoreWeave’s data center portfolio. This role will formalize and own end-to-end processes for energy transactions, including electricity supply contracts, hedging strategies, and coordination with data center operators, utilities, and developers on transmission and distribution arrangements.

This position works closely with Data Center Operations, Design & Engineering, Finance, Legal, and Corporate Development. The role will directly support CoreWeave’s rapid infrastructure expansion while managing cost, risk, and reliability across power markets, primarily in the US, but also to support our presence in Europe.

What You’ll Do

• Own the end-to-end process for executing energy procurement transactions, from market analysis and structuring through contract execution and post-deal management.
• Lead execution of electricity supply agreements, Power Purchase Agreements (PPAs), Virtual PPAs (VPPAs), and other structured energy transactions across U.S. and European markets.
• Develop standardized contracting, approval, and risk review workflows in partnership with Finance and Legal, ensuring clear governance for all energy transactions.
• Execute power procurement strategies that balance cost, risk, reliability, and sustainability for CoreWeave’s data center portfolio.
• Work directly with data center operators and developers to align power procurement with site selection, load growth, and operational requirements across current sites and future builds.
• Support renewable energy and clean energy transactions that add new capacity to the grid and advance corporate sustainability objectives.
• Design and execute energy hedging strategies (e.g., forwards, structured products) in collaboration with Finance and data center operators to mitigate exposure to price volatility, congestion, and basis risk.
• Analyze load forecasts, market pricing, and regulatory structures to inform transaction timing, tenor, and product structure; monitor market exposure and manage contract positions over time.
• Lead engagement with utilities, data center operators, and developers on transmission and distribution agreements, including service agreements, interconnection arrangements, and related infrastructure commitments.
• Coordinate closely with data center development, design, and engineering teams to align power delivery timelines with project schedules.
• Lead commercial negotiations with utilities, energy suppliers, renewable developers, and other counterparties to secure favorable terms.
• Manage executed contracts to ensure compliance with commercial terms, regulatory requirements, and internal policies, maintaining detailed documentation and reporting across the energy portfolio.

Who You Are

Required qualifications

• 10+ years of experience in energy procurement, power trading, or utility/retail energy markets, ideally with exposure to technology or data center–intensive sectors.
• Deep understanding of U.S. power markets, with meaningful experience in deregulated markets; familiarity with European power markets and regulatory structures.
• Proven track record structuring and negotiating complex energy contracts, including electricity supply agreements, PPAs, VPPAs, tariffs, and long-term utility or developer agreements.
• Strong expertise in energy forecasting, market and basis risk analysis, and financial modeling for energy transactions and hedging strategies.
• Demonstrated ability to design and execute hedging strategies to manage exposure to price volatility, congestion, and other market risks.
• Experience engaging and negotiating with utilities, energy suppliers, and developers on transmission, distribution, and interconnection arrangements.
• Highly organized operator with strong process discipline; able to build, document, and continuously improve contracting, approval, and risk review workflows.
• Excellent communicator and collaborator who can translate complex energy and risk concepts for non-technical stakeholders and work effectively with Data Center Operations, Design & Engineering, Finance, Legal, Corporate Development, and Sustainability.

Preferred qualifications

• Experience supporting or leading energy procurement for data centers, hyperscalers, cloud providers, or other large, 24/7 load profiles.
• Direct experience developing or executing renewable energy strategies (e.g., greenfield PPAs, VPPAs, RECs, guarantees of origin) that add new clean capacity.
• Familiarity with transmission planning, congestion management, and interconnection processes in key U.S. markets; exposure to European grid and policy dynamics.
• Comfort working in fast-paced, high-growth environments where priorities evolve quickly and decisions need to be made with imperfect information.
• Proficiency with energy market analytics tools and advanced Excel/financial modeling; experience with BI or reporting tools is a plus.

Compensation and benefits

The base salary range for this role is $143,000 to $210,000. The starting salary will be determined based on job-related knowledge, skills, experience, and market location. We strive for both market alignment and internal equity when determining compensation. In addition to base salary, our total rewards package includes a discretionary bonus, equity awards, and a comprehensive benefits program (all based on eligibility).

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. The benefits below reflect our US-based offerings; for roles in other locations, benefits vary and are shared during the hiring process. These include:

• Medical, dental, and vision insurance - 100% paid for by CoreWeave
• Company-paid Life Insurance
• Voluntary supplemental life insurance
• Short and long-term disability insurance
• Flexible Spending Account
• Health Savings Account
• Tuition Reimbursement
• Ability to Participate in Employee Stock Purchase Program (ESPP)
• Mental Wellness Benefits through Spring Health
• Family-Forming support provided by Carrot
• Paid Parental Leave
• Flexible, full-service childcare support with Kinside
• 401(k) with a generous employer match
• Flexible PTO
• Catered lunch each day in our office and data center locations
• A casual work environment
• A work culture focused on innovative disruption

Equal Opportunity & Accommodations

CoreWeave is an equal opportunity employer, committed to fostering an inclusive and supportive workplace. All qualified applicants and candidates will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information.

As part of this commitment and consistent with the Americans with Disabilities Act (ADA), CoreWeave will ensure that qualified applicants and candidates with disabilities are provided reasonable accommodations for the hiring process, unless such accommodation would cause an undue hardship. If reasonable accommodation is needed, please contact: [e-mail].

Export Control Compliance

This position requires access to export controlled information. To conform to U.S. Government export regulations applicable to that information, applicant must either be (A) a U.S. person, defined as a (i) U.S. citizen or national, (ii) U.S. lawful permanent resident (green card holder), (iii) refugee under 8 U.S.C. § 1157, or (iv) asylee under 8 U.S.C. § 1158, (B) eligible to access the export controlled information without a required export authorization, or (C) eligible and reasonably likely to obtain the required export authorization from the applicable U.S. government agency. CoreWeave may, for legitimate business reasons, decline to pursue any export licensing process.