Zanskar, a Utah-based company developing solutions for geothermal exploration, secured a $115 million round of Series C funding. The raise, led by Spring Lane Capital, brings Zanskar’s total raised equity capital to $180 million.
The company works to help American hyperscale organizations meet the power demands of their AI data centers, aiming to fuel them with clean, safe and cost-effective geothermal energy. Zanskar’s technology combines AI, modern drilling and computational geoscience to unlock value from underutilized geothermal fields. Its AI-native operating system is designed to lower discovery costs and increase geothermal field sizes, ultimately shortening discovery timeframes compared to best practices within the geothermal exploration industry.
Backed by its new capital, Zanskar will further its gigawatt-scale pipeline and support construction on multiple geothermal power plants throughout the western U.S. that are expected to deliver power by 2030. In addition to expanding its platform and drilling programs, Zanskar is building out its team across engineering, development and finance roles.
