Commercial Origination and Development Manager

Commercial Origination and Development Manager

Pay or shift range: $150,000 USD to $190,000 USD. The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Carbon Terra Vault Holdings LLC ("CTV"), a wholly owned subsidiary of California Resources Corporation ("CRC"), was launched in 2021 to help advance the energy transition. CRC is the largest oil and natural gas producer in California and owns nearly 1 gigawatt of power generation assets. CTV develops scalable and cost-effective carbon capture, transportation, and sequestration ("CCS") solutions across multiple industrial sectors, including power, cement, renewable fuels, direct air capture, and other emissions-intensive facilities.

CTV I, the first commercial and operational CCS project in California, commenced operations in May 2026.

The CTV Commercial Origination and Development team works at the intersection of commercial origination, contracting, and project development to advance low-carbon infrastructure projects from concept toward execution readiness. We are seeking an experienced commercial and project development professional to join our team in our Long Beach or Bakersfield office.

The base annual salary for this posted position is expected to range from $150K-$190K, with a target annual bonus of 20% of base salary and eligibility to participate in our long-term incentive program.

Reporting to the Senior Director of Commercial Origination and Development, this role will be responsible for originating, structuring, contracting, and advancing opportunities across CTV’s core CCS platform, including both power-sector and non-power industrial carbon management projects. The role requires strong commercial leadership, project development capability, and the ability to guide cross-functional teams while working closely with external counter parties and internal stakeholders across engineering, subsurface, regulatory, legal, finance, land, and operations.

The role will place particular emphasis on power-sector and power-adjacent opportunities, including CCS retrofits on existing combined-cycle gas turbines, new greenfield generation with CCS (e.g. fuel cells), bioenergy with carbon capture and storage ("BECCS"), behind-the-meter and front-of-the-meter structures, and other decarbonization projects across industrial markets.

• Identify, evaluate, and originate CCS, power development, and power-adjacent opportunities across CRC assets, CTV sequestration sites, industrial customer sites, and other strategic locations in California and adjacent markets.
• Build and maintain a pipeline of prospective CO₂ emitters, power offtakers, utilities, community choice aggregators, data center and industrial customers, generation owners, technology providers, developers, and strategic partners.
• Evaluate commercial structures including transportation and sequestration agreements, PPAs, tolling arrangements, capacity and resource adequacy contracts, steam or heat offtake agreements, joint development partnerships, and other carbon management agreements.
• Monitor market, policy, regulatory, competitive, and customer sustainability trends — including 45Q, LCFS, CARB protocols, CAISO dynamics, interconnection constraints, resource adequacy needs, clean firm power demand, and decarbonization procurement trends — to identify commercial opportunities.
• Develop commercial strategies that integrate carbon capture, transportation, sequestration, tax credits, and environmental attributes into bankable project structures.

• Advance opportunities from origination through feasibility assessment, commercial structuring and definitive agreements, site control, permitting, development planning, and investment decision milestones.
• Lead cross-functional project teams through influence, coordination, and commercial leadership to advance projects from concept toward execution readiness.
• Support internal approvals, economic analyses, management…