Description
We are hiring a Power Supply & PPA Lead to own front-of-meter energy supply for Anthropic's non-cloud data center portfolio: the power purchase agreements and the wholesale and retail supply contracts that serve our grid-connected sites.
You will set the supply plan for each market, take it to generators and suppliers, structure and negotiate the agreements, and carry them through internal approval to signature. This supply is also central to Anthropic's ratepayer-protection commitment, so what a deal does for other customers on the system counts alongside price and term.
Responsibilities:
- Own the front-of-meter supply plan for the United States: for each grid-connected site and market, how much load to contract, from whom, for how long, at what price structure, and by when, set against the site's ramp and the portfolio view of energy need.
- Take that plan to market. Build and keep relationships with generation owners, developers, independent power producers, and retail and wholesale suppliers; run competitive solicitations and bilateral negotiations; and compare offers on a like-for-like basis.
- Structure and negotiate PPAs, tolls, capacity agreements, and other long-term supply agreements from term sheet to signature, with legal and outside counsel.
- Make supply work under each market's rules: through retail providers and load-serving entities in competitive markets, and through utility tariffs, sleeved arrangements, and customer-sourced generation programs in regulated, cooperative, and public power territories.
- Design the supply portfolio to deliver Anthropic's ratepayer-protection commitment, and be able to show that it does.
- Collaborate with Energy Finance on deal valuation and the risk view behind it.
- Carry commitments through internal approval: write the deal memo, state the price, the exposure, and the alternatives plainly, and answer questions from executives who do not work in energy.
- After signature, track new-build counterparties to commercial operation, manage amendments and disputes, and hand each contract to energy scheduling and portfolio in a form that can be operated.
Requirements:
- Have 10+ years in power origination, structuring, or energy procurement, including PPAs or long-term supply contracts that you led from term sheet to signature.
- Have bought power for a large load (a data center operator, industrial, utility, cooperative, or retail supplier), or have sold to those buyers and know what they should have asked for.
- Know at least two US ISO/RTO markets (ERCOT, PJM, MISO, SPP, or others) well enough to price delivery point, basis, congestion, capacity, and ancillary costs into a deal, and understand how a large customer gets supply in a vertically integrated utility territory.
- Can build and interrogate a deal valuation yourself, and can say what a fixed-price, shaped, index, or block structure does to the buyer's exposure.
- Read and mark up a PPA yourself. You use counsel well, and you do not hand them the commercial judgment.
- Understand credit support and project finance well enough to know what a developer's lenders need from an offtaker, and what that is worth in the negotiation.
- Write and speak plainly about large commitments to people outside energy, and coordinate well across teams that do not report to you: finance, legal, policy, site origination, and scheduling.
- Have built a book, a program, or a function from zero, and are comfortable moving quickly on incomplete information.
The annual compensation range for this role is $1-$2 USD.