About this opportunity
Fervo Energy lists this Cost Management Analyst opportunity in milford, Utah. Review the employer’s description below for duties, qualifications and application requirements.
Job description
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. 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.
The Cost Estimator will support the development and construction of Fervo’s geothermal power projects. This role will build and maintain cost estimates across the power plant lifecycle, from early-stage feasibility through detailed engineering, procurement, and construction, and will partner closely with Engineering, Supply Chain, and Project Controls to keep estimates grounded in current market and field data.
This is a strong fit for someone who enjoys translating scopes of work and engineering deliverables into rigorous, defensible numbers that inform investment decisions. The ideal candidate brings solid estimating fundamentals, strong Excel modeling skills, and the ability to communicate assumptions and confidence levels clearly to both technical and non-technical stakeholders in a fast-moving, high-growth environment.
Cost Estimation:
Develop and maintain cost estimates (conceptual, budgetary, and detailed/AACE Class 1-5) for geothermal well pads, power facilities, and supporting infrastructure.
Cost Models and Databases:
Build cost models and estimate databases covering surface facilities, electrical interconnection, and balance-of-plant scope. Maintain historical cost databases, unit rates, and escalation factors, and continuously improve estimating tools, templates, and methodology.
Partner with Engineering and Project Controls to align estimates with project schedules, scope definitions, and execution plans.
Work with Supply Chain and Sourcing to incorporate current vendor quotes, market pricing, and commercial terms into estimates.
Support capital planning, budgeting, and investment-committee materials with clear, well-documented cost bases and ranges of accuracy.
Risk and Contingency Analysis:
Prepare risk and contingency analyses (e.g., ranged estimates, sensitivity analysis) to support project decision-making.
Bachelor’s degree in Engineering, Construction Management, or a related technical field, or equivalent experience
3+ years of cost estimating experience in geothermal, power generation, industrial construction, or a related capital-intensive industry
AACE International recommended practices)
Strong Excel modeling skills; experience with cost estimating or project controls software (e.g., cost databases, benchmarking tools) is a plus
Comfort operating in a fast-moving, high-growth environment with evolving scopes and shifting priorities
Experience with power facilities, electrical interconnection, or renewable energy project costs
Familiarity with project controls disciplines (scheduling, cost/schedule integration, earned value)
This position will be eligible for some hybrid work flexibility, but regular in-office presence at our Houston, Salt Lake City, or Milford offices will be required.
Fervo offers a comprehensive benefits package designed to support your health, financial well-being, and life outside of work. Medical, dental, and vision plan options
Employer-paid basic life insurance and short-term and long-term disability coverage
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 stock option grants and bonus opportunities for eligible roles
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. 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.
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.