Cost Estimator
Fervo Energy
Cost Estimator
Fervo Energy
Delivers 24/7 carbon-free geothermal 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. Our mission is to transform geothermal into America’s most dependable and affordable source of clean, around-the-clock power. 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.
Cross-Functional Alignment: Partner with Engineering and Project Controls to align estimates with project schedules, scope definitions, and execution plans.
Supply Chain and Market Pricing: Work with Supply Chain and Sourcing to incorporate current vendor quotes, market pricing, and commercial terms into estimates.
Variance Analysis and Lessons Learned: Track actual costs against estimates, analyze variances, and feed lessons learned back into future estimating assumptions and benchmarks.
Capital Planning Support: 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.
Stakeholder Communication: Communicate estimate assumptions, exclusions, and confidence levels clearly to technical and non-technical stakeholders, including leadership.
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
Working knowledge of estimating methodologies and classifications (e.g., 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
Ability to read and interpret engineering drawings, scopes of work, and vendor quotes
Excellent communication skills, with the ability to present estimates and assumptions clearly to cross-functional teams
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)
AACE certification (e.g., CCP, CEP) or progress toward one
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 our Houston, Salt Lake City, or Milford offices will be required.
Benefits and programs are subject to eligibility requirements and may change.
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.
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.
Delivers 24/7 carbon-free geothermal energy
Fervo Energy develops and operates geothermal energy projects to provide 24/7 carbon-free power. It combines proven oil-and-gas technologies with geothermal science, notably horizontal drilling and distributed fiber-optic sensing, to unlock geothermal resources that were previously uneconomical. The company’s main product is a steady, carbon-free geothermal energy supply that can be sold to electricity providers seeking decarbonization. Its approach differs from competitors by applying oil-and-gas drilling methods and advanced sensing to unlock higher resource potential and deliver reliable, cost-effective energy. Fervo’s flagship Cape Station Project demonstrates this approach in action. The company’s goal is to accelerate the clean energy transition by delivering reliable, scalable geothermal energy and expanding geoscience-enabled solutions for decarbonizing the electricity sector.
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