Zanskar Raises $115 Million for Geothermal Energy Development Using AI
Zanskar, an AI-driven geothermal energy company based in Salt Lake City, has secured $115 million in Series C funding, increasing its total funding to $180 million. The investment, led by Spring Lane Capital, aims to generate 100 megawatts of clean electricity within three to five years by developing power plants on AI-identified geothermal sites while reducing discovery costs.
Theia Market Signal Identification - AI Assisted
Zanskar, an AI-native geothermal energy company based in Salt Lake City, UT, raised $115 million in Series C funding, bringing its total funding to $180 million. The round, led by Spring Lane Capital with participation from several investors, aims to generate 100 megawatts of clean electricity within three to five years by building power plants on AI-identified geothermal sites. The company plans to enhance its gigawatt-scale pipeline through a geothermal exploration and development campaign, utilizing its platform to reduce discovery costs.
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