Story perspectives

Zanskar Secures $115M to Unlock Terawatt Geothermal Potential

1/21/2026

Summary

Story summary

Zanskar, a geothermal technology company, has secured $115 million in Series C funding.
The funding backs its AI-driven geothermal discovery platform.
U.S. geothermal capacity has stagnated at 4 gigawatts for a decade.
Zanskar believes true geothermal capacity could reach terawatt-scale.
It revived a New Mexico power plant and found two sites with over 100 megawatts of potential.

History

Historical Context

The Geothermal Energy Act of 1970 marked a significant U.S. initiative to harness geothermal energy, allocating $115 million for research and development. This act followed earlier efforts, including the 1953 Geothermal Energy Act. Today, renewed interest in geothermal technology, exemplified by Zanskar's recent funding, aims to unlock terawatt-scale capacity, potentially transforming energy production and sustainability efforts in the coming decades.

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Story summary

Zanskar, a geothermal technology company, has secured $115 million in Series C funding.
The funding backs its AI-driven geothermal discovery platform.
U.S. geothermal capacity has stagnated at 4 gigawatts for a decade.
Zanskar believes true geothermal capacity could reach terawatt-scale.
It revived a New Mexico power plant and found two sites with over 100 megawatts of potential.

1 / 2