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FluidStack

Builds and runs GPU clusters for AI labs

Energy Associate

Corporate Finance & FP&AConfirmed live in the last 24 hours
Full-timeAustin, TX, USA$128k - $156k /yrIn-person

About the Job

Requirements

  • You've built a model that someone traded, invested, or committed capital off, and you can defend every assumption in it under pressure.
  • You've read a contract, tariff, or study report closely and pulled out the two or three terms that actually change the economics, rather than summarising the whole thing.
  • You turn a disordered data room into a one page recommendation that names the thing the decision actually turns on.
  • You've caught a material error in someone else's work before it reached a decision maker, and you raised it rather than working around it.
  • You've been dropped into a market or an asset class you did not know and been useful inside a few weeks, and you can point to how you got up to speed.
  • You write up what you found the same day you found it, so a site file never depends on what is in your head.

Responsibilities

  • Diligence prospective sites across both paths to power, grid interconnection and behind-the-meter generation, and turn each one into a go or no-go recommendation in days rather than weeks.
  • Build and own the delivered cost of power model across candidate sites and both paths, from tariffs and network upgrade exposure on the grid side to gas basis, transport, heat rate, and availability behind the meter.
  • Be the single source of truth on where every site stands, queue position and study milestones on the grid side, contracted fuel and generation position behind the meter, and what has to happen next on each.
  • Run the diligence file on every live site, tariff filings and interconnection studies, pipeline and interconnect agreements, air permits, offtake term sheets, and generation specifications, kept clean enough to walk a counterparty or a lender through cold.
  • Support the Leads through live negotiations with term sheet comparisons, sensitivity runs, counterparty and credit screens, and the one number that decides the question, delivered before the next call rather than after it.
  • Track the markets and the policy that set the rules we build under, ISO large load processes, rate cases and tariff changes, and gas fundamentals in the basins we are buying into.

Desired Qualifications

  • Commodities trading or analytics desk experience in gas or power, including basis, storage, transport, or fundamentals.
  • Experience with origination and structuring teams, especially PPA and offtake work.
  • Experience with large load or generator interconnection across one or more ISOs, such as ERCOT, PJM, MISO, SPP, or WECC.
  • Transaction diligence experience from M&A, project finance, or infrastructure investing.
  • Experience with behind-the-meter or distributed generation development.
  • Experience with modeling and data tooling such as Python, SQL, ICE and CME data, Wood Mackenzie, or Velocity Suite.

About the Company

FluidStack

Builds and runs GPU clusters for AI labs

Fluidstack provides large clusters of GPU servers to AI labs training advanced models, and it builds custom data centers for customers that outgrow existing facilities. In 2025, Anthropic chose Fluidstack to build data centers in Texas and New York as part of a $50 billion investment in American AI infrastructure. Labs pay for dedicated clusters of Nvidia GPUs, sometimes tens of thousands of chips, housed in partner data centers around the world. They reach the clusters through a web console or API, while Fluidstack runs the hardware, networking, and day-to-day operations. Fluidstack was founded in London in 2017 and has its headquarters in New York.

Company size
501-1,000
Company stage
Late Stage VC
Total funding
$12.4B
Headquarters
New York City, New York
Founded
2017

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