Overview
- With the new round, Zanskar’s total equity funding reaches $180 million.
- The company says the capital will expand its AI-native discovery platform, scale exploration drilling, and begin plant construction, with initial power delivery targeted before 2030.
- Spring Lane Capital’s Jason Scott will join the board following the lead investment.
- Zanskar reports confirming multiple large, previously unknown geothermal resources in the Western U.S., citing deeper drilling and work at Lightning Dock in New Mexico and Pumpernickel and Big Blind in Nevada.
- Investors characterize the round as among the largest venture bets on AI-enabled geothermal discovery and point to rising demand for firm, low-carbon power from industry and data centers.