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FinancingClosedApril 16, 2026

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

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