Vice President, Power at Core Scientific

Miami, Florida, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Energy, Data Centers, High-Performance ComputingIndustries

Requirements

Experience with utility infrastructure, rates and incentives required
Keen understanding of all available incentives for current and future sites

Responsibilities

Strive for continuous improvement by raising awareness throughout the organization on drivers which positively impacts the efficiency of power budget
Develop accurate annual budgets and monthly forecast for energy spend and power rates for all existing plant locations
Develop accurate forecasts at prospective sites by interfacing with Core team on ramp-up projections and energy supplier to help inform go, no-go decisions
Maintain day-to-day relationships with each energy supplier to improve rate forecasts, ensure we are on the most cost effective tariffs, and communicate proactively about future rate changes and other major events
Disseminate knowledge of the power industry to the entire Core team to broaden our expertise and understanding which will magnify our continuous improvement
Create working tools to help analyze opportunities as needed or requested
Communicate broader opportunities through periodic leadership team meetings to garner support for energy initiatives or identify areas of improvement
Build internal relationships to help facilitate initiatives and discover new opportunities for improvement
Identify opportunities for behind the meter projects, bridge power and microgrid solutions
Research broader industry issues such as rate cases, power market conditions and new technology to inform operational conditions and future growth plans
Develop and maintain relationships with utility providers to drive site deployment and expansion projects
Develop and maintain relationships with brokers, utility providers and other firms to locate prospective energy intensive sites
Negotiate financial incentives with utility service providers
Travel to prospective sites to guarantee they meet company needs and requirements
Lead utility contract and incentive negotiations
Completing primary and secondary research on power availability and costs in markets under consideration and site-specific locations

Skills

Key technologies and capabilities for this role

energy budgetingenergy forecastingutility contract negotiationsincentive programspower availability analysissite selectionmarket analysisstrategic relationshipscost-saving strategiesoperational resilienceenergy intelligence

Questions & Answers

Common questions about this position

What are the main responsibilities of the Vice President of Power role?

The role involves developing accurate energy budgets and forecasts, maintaining relationships with utility providers, leading utility contract negotiations, overseeing incentive programs, supporting site selection, and driving continuous improvement in energy intelligence.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this role remote or does it require working from an office?

This information is not specified in the job description.

What is the company culture like at Core Scientific?

Core Scientific has an entrepreneurial culture with a 'can-do' and collaborative attitude, seeking smart, creative, and collaborative professionals who thrive in a fast-paced, results-driven environment.

Who does the Vice President of Power report to?

The role reports to the Head of Power & Policy.

Core Scientific

Bitcoin mining and hosting solutions provider

About Core Scientific

Core Scientific focuses on bitcoin mining and digital infrastructure, providing hosting solutions and developing infrastructure for high-value digital applications. The company uses specialized computers called Application Specific Integrated Circuits (ASICs) to solve cryptographic algorithms that validate transactions on the Bitcoin Network. Core Scientific differentiates itself by quickly deploying optimized infrastructure, catering to a diverse clientele from individual miners to large institutional investors. Its goal is to support the growth of digital assets and blockchain technology in the North American market.

Austin, TexasHeadquarters

2017Year Founded

$75.9MTotal Funding

IPOCompany Stage

Crypto & Web3, AI & Machine LearningIndustries

201-500Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Disability Insurance

Risks

Heavy investment in new infrastructure could strain financial resources if demand falters.

Increased competition in AI data centers may dilute Core Scientific's market share.

Dependence on high energy consumption exposes the company to energy price fluctuations.

Differentiation

Core Scientific specializes in high-performance, net carbon-neutral blockchain infrastructure.

The company offers faster infrastructure delivery than competitors like Digital Reality and Equinix.

Core Scientific integrates AI computing with blockchain, enhancing its service offerings.

Upsides

Core Scientific's $6.1 billion AI data center hub signals strategic growth in AI.

The $550M zero-interest convertible notes offering strengthens financial stability for expansion.

Partnership with CoreWeave expands AI infrastructure, promising significant future revenue.

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