Zanskar’s Post

🧨 Zanskar is proud to announce today our $115M Series C financing round! 🧨 The largest venture investment to date into AI-enabled discovery of geothermal resources, Spring Lane Capital led the round that also included Obvious Ventures, Union Square Ventures, Lowercarbon Capital, Munich Re Ventures, Susquehanna Sustainable Investments (SSI), Clearvision Ventures, Orion Resource Partners, Safar Partners, Imperative Ventures, StepStone Group, University Growth Fund, Cross Creek, GVP Climate, Tranquillion, Carica Sustainable Investments, UP.Partners, and the All Aboard Fund. Signaling a decisive shift in market confidence toward the commercial potential of hidden, naturally-occurring geothermal systems, Zanskar will use the funding to spearhead one of the largest ever expansions of American geothermal power by supporting construction on multiple geothermal power plants throughout the Western U.S. 🇺🇲 We’ll also expand our industry leading AI discovery platform and exploration drilling programs, setting the stage for rapid growth in the geothermal sector. 📈 Read the The Wall Street Journal article from Benoît Morenne with pictures from his recent site visit, here: https://lnkd.in/eWdUPk8b Read the full release here: https://lnkd.in/edAyQHQB Special thanks to all our investors who’ve supported us from our earliest beginnings! 🙌 Prime Impact Fund Azolla Ventures 👀 #geothermal #AI #artificialintelligence #baseloadpower #power #energy