Zanskar secures $40M development capital facility for geothermal expansion

Zanskar/AI-led Conventional Geothermal Discovery

Zanskar closed a $40M development capital facility co-led by Just Climate and Spring Lane Capital, structured to scale to $100M. The capital supports construction of geothermal power plants and accelerates the company's expansion across the western U.S., with multiple plants expected online by 2029-2030.