Zanskar AI-native geothermal exploration platform — $40M development capital facility (initial close, structured to scale to $100M); projects in Nevada (Pumpernickel, Big Blind), New Mexico (Lightning Dock), and California
Zanskar closed a $40M initial draw on a novel non-recourse revolving development capital facility structured to scale to $100M, co-led by Just Climate and Spring Lane Capital with participation from Tierra Adentro Growth Capital. Zanskar uses AI-driven geothermal discovery to identify and develop high-temperature resources. Active development sites include Pumpernickel and Big Blind in Nevada and Lightning Dock in New Mexico.
$40M
Deal Value
Geothermal
Technology
NV
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Zanskar
- Buyer / Financier
- Just Climate; Spring Lane Capital; Tierra Adentro Growth Capital
- Deal Value
- $40,000,000
- Stage
- Development
- ISO/RTO
- Western
- Source
- GlobeNewswire
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