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(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.
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The 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.
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“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.
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OpenAI didn’t immediately respond to a request for comment.
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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.
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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.
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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).”
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