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Endurance Energy

Trades electricity markets with hedging services

Global Commodity Manager - Global Commodity Manager

Full-TimeUpdated on 10/23/2026
$150k - $180k/yr+ Equity
Senior
Seattle, WA, USA
In PersonTravel to deployment sites is part of the role.
Operations & LogisticsProcurement & Sourcing

About the job

Requirements
  • At least 5 years of experience in supply chain, procurement, or planning for hardware programs.
  • Demonstrated experience managing suppliers for machined parts, fabrication, and/or PCBA.
  • Strong understanding of manufacturing processes, including machining, fabrication, and electronics assembly.
  • Experience owning bills of materials and tracking part readiness for builds.
  • Proven ability to manage multiple vendors and priorities under tight timelines.
  • Strong negotiation skills and ability to drive favorable pricing and lead times.
  • Ability to operate independently with minimal structure in a fast-paced environment.
  • Strong organizational skills and attention to detail.
  • Clear communication with engineers and vendors.
Responsibilities
  • Own procurement across mechanical, electrical, and custom components.
  • Build and manage supplier relationships, including machine shops, PCBA contract manufacturers, and component vendors.
  • Expand and qualify new suppliers to increase speed, capacity, and redundancy.
  • Drive requests for quotation, pricing negotiations, and lead time reduction across vendors.
  • Track full bill-of-materials status for upcoming builds and deployments.
  • Identify long-lead items and develop mitigation plans early.
  • Maintain clear, real-time visibility into part status, risks, and delivery timelines.
  • Coordinate with engineering and integration teams to ensure build readiness.
  • Manage purchase orders, expedite critical components, and resolve supply issues.
  • Support make-versus-buy decisions and vendor selection for new designs.
  • Improve procurement and planning processes for speed and reliability.
  • Maintain organized documentation across suppliers, quotes, and orders.
  • Support inventory strategy for critical components and spares.
Desired Qualifications
  • Experience in aerospace, energy, robotics, or other hardware startups.
  • Familiarity with low-volume, high-complexity builds and prototype environments.
  • Experience working with machine shops, weld/fabrication vendors, and PCBA contract manufacturers.
  • Ability to read engineering drawings and understand technical requirements.
  • Experience with enterprise resource planning/material requirements planning systems or lightweight planning tools.
  • Track record of scaling supplier networks and improving supply chain performance.
  • Experience managing long-lead, high-risk components.

About the company

Endurance Energy is a boutique power trading firm based in Boulder, active in MISO, PJM, and SPP, trading electricity around the clock to help keep costs low and provide hedging and liquidity. Traders use fundamental and technical analysis to execute trades across regional markets 24/7, creating hedging options and pricing scenarios for market participants. The company differentiates itself by approaching energy markets from an outside traditional viewpoint and operating as a small, focused desk that emphasizes continuous trading and liquidity provision. Its goal is to reduce electricity costs for consumers in competitive markets while offering hedging opportunities and liquidity to market participants.

Company Size

1-10

Company Stage

Series A

Total Funding

$81.5M

Headquarters

Calgary, Canada

Founded

2008

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Simplify's Take

What believers are saying

  • Founders Fund led Endurance’s $54 million Series A on June 11, 2026.
  • Tonga’s April 2026 pilot targets diesel displacement, giving Endurance a visible near-term customer.
  • August 2026 reporting says Adélie is deploying next month, turning concept into field data.

What critics are saying

  • The September 2026 Adélie demo must work; a failure kills commercial credibility quickly.
  • Subsea cables and offshore maintenance make island-grid economics brutal against diesel and terrestrial geothermal.
  • If Tonga stalls after pilot results, Endurance loses its first customer and existential proof point.

What makes Endurance Energy unique

  • Andrew Redd’s team is first commercial venture pursuing undersea geothermal power, per August 2026 coverage.
  • Endurance has already completed five ocean-floor deployments, including Tonga and Juan de Fuca Ridge.
  • SpaceX-trained engineers and oil-filled, pressure-balanced subsea hardware create rare deep-ocean execution capability.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance

Company News

Kizhakedath Media Services Pvt. Ltd.
Oct 21st, 2026
Renewables news: Sungrow, Endurance Energy, Holyvolt.

Renewables news: Sungrow, Endurance Energy, Holyvolt. October 21, 2026 The latest renewable energy news includes announcements from Sungrow, Endurance Energy, Holyvolt, and others. Sungrow Secures 10 MW/40 MWh Battery Storage Contract for Alperia Hydropower Facility in Italy Discover more renewables Switch Power Plans Chinese energy storage technology supplier Sungrow has secured a contract to supply and install a 10 MW/40 MWh battery energy storage system for Italian utility Alperia. The contract was announced in October and reported October 20. The four-hour battery will be installed at an existing hydropower facility in the Trentino-Alto Adige/Südtirol region of northern Italy, near the Swiss border. The project will integrate battery storage with renewable hydropower generation to improve operational flexibility and electricity dispatch. Sungrow is also expanding its Italian battery business through other projects, including a previously announced 240 MWh supply arrangement with BNZ and the acquisition of two battery developments totalling 177 MW. Contract value and commissioning dates were not disclosed. Endurance Energy Demonstrates Subsea Geothermal Power Generation at Pacific Ocean Volcano Seattle-based geothermal technology startup Endurance Energy has completed a three-week demonstration of subsea geothermal electricity generation at Axial Seamount, approximately 300 miles off Oregon's coast. Announced October 19, the company drilled a 52-foot geothermal well at an ocean depth of approximately 5,000 feet and installed its Adélie experimental power system. The turbine achieved approximately 26,000 revolutions per minute while generating a peak net output of 16.5 kW. Net-positive electricity generation lasted 8.7 seconds, with median net output of around 2 kW. The demonstration used a nearby natural hydrothermal vent after the drilled well provided insufficient flow. Endurance plans further testing and is developing a 2 MW commercial geothermal system. Holyvolt Raises $45 Million to Commercialise AI-Designed Nickel-Free and Cobalt-Free Battery Materials Swedish battery technology company Holyvolt has raised $45 million in equity financing to expand its AI-powered battery materials discovery platform. The financing, announced October 15 and highlighted in renewable-energy coverage October 20, includes backing from Zone II Ventures, Course Corrected and angel investors. Holyvolt's Discovery Engine combines automated laboratory testing with approximately 18 years of proprietary battery research data. Its technology platform has supported more than 225 projects for over 85 customers, testing more than 500,000 battery cells across 165 million cycles. Funding will advance commercialisation of disordered rock-salt cathode materials, designed to eliminate nickel and cobalt. The company is targeting initial commercial applications in 2027, including mobility and energy storage. Discover more Learn Physics Get Solar Panels

Gulf Energy Information
Oct 20th, 2026
Endurance Energy drills subsea geothermal well, demonstrates net-positive power.

Endurance Energy drills subsea geothermal well, demonstrates net-positive power. October 20, 2026 (WO) - Endurance Energy has drilled and completed a subsea geothermal well and demonstrated net-positive electricity generation during a deep-sea test at Axial Seamount, an active underwater volcano about 300 mi off the Oregon coast. The Seattle-based startup said its three-week deployment marked the first end-to-end demonstration of its subsea geothermal power system. During the deployment, the company drilled a 52-ft geothermal well at a depth of approximately 5,000 ft beneath the Pacific Ocean, installed its Adélie test plant on the seafloor and operated the system remotely from Seattle through a subsea fiber-optic network. The well was cased and cemented, and hot fluid flowed at 260°C (500°F) after completion. Because the newly drilled well did not provide sufficient flow to operate the plant, the team connected Adélie to a nearby natural hydrothermal vent flowing at approximately 281°C (538°F). The turbine reached about 26,000 rpm, and the system generated more electricity than it consumed for 8.7 seconds. Endurance reported median net output of approximately 2 kW and a peak of 16.5 kW during the run. The test also exposed technical challenges. Battery overcurrent protection ended the initial power-generation run, and a cable supplying the refrigerant pump failed during a subsequent restart attempt. Endurance said the deployment provided data on seafloor drilling, well flow, heat transfer, mineral buildup, high-temperature power generation and remote control of subsea equipment. The company plans to deploy Gentoo, an upgraded version of Adélie, this winter to target higher output and longer operating periods. Its current drilling system can reach depths of up to 80 m, compared with the 16-m well completed during the test. Endurance is also developing Leopard, a planned 2-MW commercial generator, and a first commercial project in Tonga targeting initial power in 2027.

ThinkGeoEnergy
Oct 19th, 2026
Endurance Energy demonstrates subsea geothermal power in Pacific Ocean.

Endurance Energy demonstrates subsea geothermal power in Pacific Ocean. 19 October 2026 Endurance Energy has announced the successful demonstration of net-positive power generation from a subsea geothermal system deployed in the Pacific Ocean. Seattle-based geothermal technology developer Endurance Energy (Endurance) has announced the successful testing of its Adélie subsea geothermal power system at Axial Seamount, approximately 300 miles off the coast of Oregon, USA. During a three-week expedition, the company drilled and completed a geothermal well at the seafloor, deployed a compact power generation unit at a depth of approximately 1,500 meters, and demonstrated net-positive electricity generation. The pilot achieved a peak net output of 16.5 kW, although electricity generation was sustained for only 8.7 seconds. Although operational issues were encountered, the demonstration still represents an important proof of concept for subsea geothermal power generation. Endurance has indicated that it is now working toward longer-duration operations and the development of commercial-scale systems. Endurance has raised USD 63 million in funding to date, including a USD 54 million Series A round led by Founders Fund. In a short interview with ThinkGeoEnergy, Endurance Energy founder and CEO Andrew Redd provided additional insights into the technology, the lessons learned from the pilot, and the company's plans for commercial development. Demonstrating geothermal power generation at the seafloor. The Adélie demonstration took place at Axial Seamount, an active submarine volcano along the Juan de Fuca Ridge. The location provides access to high-temperature hydrothermal resources associated with volcanic activity beneath the ocean floor. During the expedition, Endurance drilled two closely spaced boreholes at a water depth of approximately 1,500 meters. Both encountered hydrothermal fluids, with the second hole completed as a 16-meter-deep geothermal well. Following cementing, the well produced fluids at a temperature of approximately 260°C. The company also deployed its three-ton Adélie power generation system, which was operated remotely from Seattle through the National Science Foundation's Regional Cabled Array, a subsea fiber-optic network operated by the University of Washington. For the power generation test, Adélie was connected to a nearby natural hydrothermal vent with a fluid temperature of approximately 281°C. The turbine reached approximately 26,000 rpm, generating a median net output of about 2 kW and a peak of 16.5 kW during an 8.7-second period. The newly drilled geothermal well was not used for the net-positive power generation test, as its flow capacity was insufficient. The generation run was also cut short by a battery protection system, followed by a power cable failure during a subsequent restart attempt. Despite these limitations, Redd considers the demonstration an important validation of the company's technological approach. "The biggest lesson is that every step of subsea geothermal power can be done at depth," Redd told ThinkGeoEnergy. "In a single three-week expedition, we drilled and completed the world's first offshore geothermal well, landed a 3-ton power plant on target nearly a mile down, operated it from Seattle and produced net-positive electricity." Redd also highlighted the precision achieved during the expedition, with the drilling system and generator repeatedly landing within a few feet of their intended targets. Another achievement was the ability to rapidly modify the equipment between deployments. According to Redd, the team recovered, modified, recharged, and redeployed Adélie in less than 16 hours. The expedition also provided data on seafloor drilling, geothermal well flow, heat transfer, mineral deposition, and remote operation of subsea equipment. Engineering a geothermal power plant for deep-ocean conditions. Endurance has designed Adélie specifically for these operating conditions. The power generation unit has a footprint comparable to that of a passenger car. As Redd explains, Adélie can be designed to be compact because exactly because it is designed to operate underwater. Unlimited cold seawater keeps the system coo, while the weight of the ocean keeps it well pressurized. To address corrosion issues, Adélie has been constructed using titanium, while a significant portion of the company's internal research focuses on materials and engineering solutions that will allow the equipment to operate reliably for extended periods in deep-ocean conditions. Endurance is already preparing its next demonstration system, Gentoo, a refurbished and upgraded version of Adélie designed to achieve higher power output and longer periods of sustained generation. Deployment is planned for the coming winter. The company is also developing Leopard, a 2-MW commercial generator intended to form the basis of its future subsea geothermal installations. Future deployments will also seek to improve geothermal well productivity. Although the Adélie pilot well reached only 16 meters, Endurance's existing subsea drilling system is capable of drilling to approximately 80 meters. The company expects deeper wells to provide the higher fluid flow rates necessary for sustained power generation. Targeting geothermal resources around the Pacific Ring of Fire. Endurance's approach to geothermal exploration combines geological and geophysical information with techniques developed through decades of oceanographic research. Although hydrothermal vents provide evidence of accessible high-temperature resources, the company does not intend to locate its commercial systems directly within sensitive vent ecosystems. "While hydrothermal vents signal that a suitable heat source is nearby, we aim to stay clear of these sensitive ecosystems," said Redd. "To find promising sites, we combine publicly available and proprietary data, including known vent fields, heat flow measurements, and young crust at ocean spreading centers, where hot hydrothermal resources are typically found." Once a prospective area has been identified, Endurance uses geological and geophysical surveying methods to map the seafloor, identify hydrothermal activity, and locate potential heat sources beneath the seabed. The environmental implications of subsea geothermal development are also considered as part of the company's technology development. During the Axial Seamount expedition, Endurance conducted environmental monitoring that included water sampling, seafloor video surveys, and observations of local marine communities. According to the company, preliminary monitoring found no significant changes to local hydrothermal activity, seafloor ecosystems, or seismic and volcanic conditions. More than 40 samples were also collected for independent laboratory analysis. Endurance is initially focusing its commercial exploration efforts on the Pacific Ring of Fire, where volcanic activity and tectonic processes provide favorable conditions for geothermal resources. "We are primarily targeting areas around the Pacific Ring of Fire. Our first commercial project will be in the Kingdom of Tonga," Redd said. "Large commercial markets with ample offshore geothermal resource include the U.S. (in the Pacific Northwest and Alaska), Taiwan, and Japan." Moving toward commercial subsea geothermal in Tonga. The next major step for Endurance is the development of its first commercial subsea geothermal project in the Kingdom of Tonga, where the company is targeting initial electricity generation in 2027. To this end, Endurance and the Government of Tonga have signed a memorandum of understanding to explore supplying geothermal electricity to Tongatapu, the country's most populous island. The project is particularly relevant to Tonga's efforts to reduce its dependence on imported diesel fuel for electricity generation. Redd described the Tongan government as a collaborative partner in developing the project, particularly in ensuring that electricity can be delivered to the island's grid responsibly and equitably. "Like many island nations, the Kingdom of Tonga relies on imported diesel for most of its electricity, which leaves it exposed to a volatile global fuel market," Redd explained. "Recent global events have pushed diesel prices sharply higher, and Tonga is looking for reliable, domestically produced energy instead." Beyond Tonga, Endurance envisions operating as an independent power producer, developing subsea geothermal projects at gigawatt scale. The company's longer-term strategy is to serve coastal electricity markets and industrial customers, particularly in regions with abundant offshore geothermal resources and high dependence on imported fuels. "Our power will replace those imports with reliable, around-the-clock baseload electricity that strengthens local energy security," said Redd. "As the technology matures, we expect to compete on cost in open electricity markets." While the Adélie demonstration establishes that net-positive electricity generation is technically possible at the seafloor, the short duration of the test and the limited flow capacity of the pilot well underscore the engineering challenges that remain. The upcoming Gentoo deployment and the development of the 2-MW Leopard system will therefore be important steps in determining whether Endurance can translate its initial technical achievements into sustained, commercially viable subsea geothermal power generation.

ThinkGeoEnergy
Jun 15th, 2026
Endurance Energy completes $54 million funding round to develop subsea geothermal technology.

Endurance Energy completes $54 million funding round to develop subsea geothermal technology. Subsea geothermal systems by Endurance Energy (source: Endurance Energy) US-based Endurance Energy has raised $54 million in Series A funding to advance the development of their technologies for subsea geothermal systems. U.S.-based startup Endurance Energy has announced the successful completion of a USD 54 million Series A funding round to develop its technology to harness energy from subsea geothermal systems. According to the company, the funding will allow them to transition from prototype to full-stack systems and scale their offshore operational capability. The funding round was led by Founders Fund, with participation from Ascend, Construct Capital, Felicis, First Round Capital, Point72 Ventures, Riot Ventures, and Voyager Ventures. Founded by former SpaceX engineer Andrew Redd, Endurance Energy is developing technology to harness geothermal energy from subsea volcanic systems. According to the company, it has so far already completed four prototype deployments to deep sea volcanic systems at depths up to 3300 meters and hydrothermal temperatures up to 386°C. They are now also on-track to deploy a 100 kW generator at the Juan de Fuca ridge off the coast of the Pacific Northwest region of North America in the coming Fall. Earlier this year, Endurance Energy signed an agreement with the Government of Tonga to explore opportunities for developing subsea geothermal resources within the Kingdom's territorial waters. The partnership aims to assess the potential of offshore volcanic systems as a source of reliable renewable energy for the island nation. Evaluation of geothermal prospects in offshore settings had already been undertaken in previous years, with work being mainly focused in the North Sea region. However, this may be the first time that a funded startup is developing and deploying such technologies. While the geologic potential is certainly present, it remains to be seen how the economics of subsea geothermal will be optimizing considering the costs of subsea power distribution and the proximity to sizable onshore markets. Carlo Cariaga

AndroGuider
Jun 11th, 2026
Endurance Energy secures $54M to unlock ocean's geothermal potential.

Endurance Energy secures $54M to unlock ocean's geothermal potential. Tl;dr. * **Endurance Energy** has raised **$54 million** in a Series A to develop **offshore geothermal** systems that could tap heat beneath the ocean floor. * The round was led by **Founders Fund**, with participation from **72 Ventures, Construct Capital, Felicis Ventures, First Round Capital, Riot Ventures, and Voyager Ventures**. * Founder **Andrew Redd**, a former SpaceX veteran, says the company is targeting a vast, largely untapped resource that could help meet rising power demand from **AI data centers, EVs, and heavy industry**. Endurance Energy raises a major bet on the ocean floor. Endurance Energy has secured **$54 million** to pursue one of the energy sector's most unconventional ideas: generating geothermal power from beneath the ocean. The company, founded by former SpaceX veteran **Andrew Redd**, is aiming to turn subsea heat into a scalable clean-energy source at a time when demand for electricity is accelerating across data centers, transportation, and industrial systems. The announcement places Endurance among a growing wave of climate and infrastructure startups trying to solve the power crunch with technologies that could provide firm, around-the-clock electricity rather than intermittent output. Why ocean geothermal matters. Traditional geothermal energy has long been limited by geography, since viable plants usually require accessible hot rock and fluid reservoirs on land. Endurance's premise is that the ocean floor may offer access to much larger thermal resources, particularly around the Pacific "Ring of Fire," where tectonic activity creates favorable geothermal conditions. Redd estimates that about **6 terawatts** of geothermal capacity could be developed in the next five to 10 years around that region alone. That figure, if realized, would represent a huge expansion of geothermal's role in the clean-energy mix, although it remains an estimate tied to future technical and commercial progress. The funding round and backers. The startup's Series A was led by **Founders Fund**, with additional backing from **72 Ventures, Construct Capital, Felicis Ventures, First Round Capital, Riot Ventures, and Voyager Ventures**. TechCrunch reported the financing on June 11, 2026. This is a notable vote of confidence for a category that remains early and technically demanding. Coverage of the deal described it as one of the larger climate-tech bets on offshore geothermal technology to date, reflecting investor interest in energy infrastructure that can scale beyond niche deployments. What Endurance plans to build. According to the reporting, the new capital will help Endurance develop its plans for power plants and conduct the work needed to prove the concept can scale. Another report says the funds will support **initial drilling tests** and broader technology development. The practical challenge is significant: offshore geothermal requires engineering systems that can operate in extreme marine conditions while still being economically viable. Endurance is betting that those challenges can be overcome well enough to open a new class of baseload renewable power. Why investors are paying attention now. The timing of the raise is tied to a broader surge in electricity demand, especially from **AI infrastructure**, **EV adoption**, and **heavy industry**. Those sectors need large amounts of reliable power, which makes geothermal appealing because it can provide continuous generation unlike wind or solar. That is part of why deep-tech energy startups are attracting attention even as many climate categories remain capital-intensive. Endurance's pitch is not about a marginal efficiency gain; it is about unlocking an entirely new energy domain if subsea geothermal proves commercially workable. The bigger energy question. If Endurance succeeds, ocean geothermal could become a new pillar of low-carbon power generation, particularly in regions with favorable geology and high electricity demand. It could also complement existing clean-energy assets by supplying firm power when variable renewables are unavailable. But the company still faces the core hurdles that define early-stage energy infrastructure: proving the resource can be accessed reliably, controlling costs, and building systems durable enough for real-world deployment. For now, the $54 million raise signals that investors believe the idea is worth taking seriously, even if the industry is still at the beginning of understanding what ocean geothermal can realistically deliver. AndroGuider Team Articles written by the AndroGuider team. Androguider try to make them thorough and informational while being easy to read. Discover more Get All The Latest Updates Delivered Straight To Your Inbox For Free!