A $30 million investment round was concluded by Salt Lake City, Utah-based Zanskar Geothermal & Minerals, a geothermal exploration business.
Investors
- Obvious Ventures
- Clearvision Ventures
- Munich Re Ventures
- Union Square Ventures
- Lowercarbon Capital
- Safar Partners
- First Star Ventures
Use of funds
With the money, the firm hopes to expand its portfolio of greenfield power projects and speed up technological advancements in order to support new alliances.
Zanskar is an AI-native geothermal developer that uses a suite of innovative technologies to enhance the geothermal discovery and development process. The company is led by Joel Edwards, CTO, and Carl Hoiland, CEO. The corporation is enhancing the scalability of geothermal power generation and producing a pipeline of fresh discoveries as part of its efforts to decarbonize the production of energy. Zanskar is looking for many high-impact positions right now. Kindly click to find out more.
About Zanskar
Zanskar has established itself as a frontrunner in geothermal exploration since its most recent fundraising in 2022. A number of contracts with the Defense Innovation Unit of the US Department of Defense to investigate new geothermal resources and further their goal of energy resiliency are among their notable successes. Furthermore, every three months, its field data collecting program gathers more early-stage, low-cost field data than industry and academics together gathered in the previous ten years. Zanskar produced more greenfield geothermal discoveries thanks to this early-stage field data program and its fast iteration of model projections than the industry had made in the previous 10 years put together.
