OpenAI Is Hiring a Power-Trading Lead for Its Data Center Portfolio

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessOpenAI Is Hiring a Power-Trading Lead for Its Data Center PortfolioOpenAI is hiring a power-trading lead to help manage the expanding energy needs of the electricity-intensive data centers running its artificial intelligence models.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — OpenAI is hiring a power-trading lead to help manage the expanding energy needs of the electricity-intensive data centers running its artificial intelligence models.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe power trading role, which will “not have direct reports initially,” will execute a commodity hedging strategy across OpenAI’s data center power portfolio, according to the job posting on the company’s website. The applicant should have at least 10 years of power trading, commodity risk management, utility strategy or related roles, according to the posting, as well as a deep understanding of US power markets and related natural gas markets.“This role will translate large, dynamic electricity and fuel exposures into practical hedging, procurement, and risk-management strategies that protect infrastructure economics while preserving flexibility for growth,” the posting said. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againOpenAI didn’t immediately respond to a request for comment. Securing a steady supply of electricity has become an increasingly urgent challenge for technology companies, including OpenAI, Microsoft Corp. and Alphabet Inc.’s Google. That’s pushing firms to rapidly build up expertise and trading capabilities. For example, last year, Meta Platforms Inc. said it was venturing into electricity trading.While tech firms entering into power markets is a relatively new phenomenon, companies that are large consumers of energy and commodities have long played a role in trading to manage risk. Food producers hedge their coffee and cocoa costs, airlines deal in fuel and crude markets and manufacturers trade in metals. For the tech companies, securing power also means building a presence in the US natural gas market. More than 40% of US electricity is generated by burning gas, and many data center developers are turning to off-grid gas generation to quickly secure round-the-clock power even as they wait in lengthy queues to connect to the grid. A job posting on Meta’s website, for example, shows the firm is looking to hire an energy manager responsible for commercial development of onsite generation, which it says includes “confirming the supporting fundamentals are in place (gas supply, land, water, and permitting).”This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.