# Zanskar

> Zanskar is a Salt Lake City geothermal company that uses artificial intelligence and computational geoscience to find, de-risk, and develop naturally occurring geothermal energy. By applying machine learning to vast troves of geological data, Zanskar pinpoints 'blind' hydrothermal reservoirs that leave no clue at the surface, cutting the exploration risk that has long kept geothermal expensive. The company is now moving from discovery to building its own power plants, with a multi-gigawatt pipeline aimed at making 24/7 carbon-free power cost-competitive.

- **Founded:** 2021
- **Headquarters:** Salt Lake City, Utah, United States
- **Founders:** Carl Hoiland (Co-Founder & CEO), Joel Edwards (Co-Founder & CTO)
- **Team size:** ~90 employees
- **Products:** AI Discovery Platform, Resource De-risking, Geothermal Power Development, Production Optimization
- **Notable:** Discovered 'Big Blind' in western Nevada - the first blind geothermal system confirmed commercial by U.S. industry in over 30 years, a 250F reservoir at ~2,700 feet with 100+ MW potential., Raised $115M Series C in January 2026, the largest venture investment to date into AI-enabled geothermal discovery; total equity funding reached $180M., Tripled production at the Lightning Dock geothermal plant in New Mexico (May 2025).

## Products & services

- **AI Discovery Platform** — A prospecting toolkit and AI-prediction engine that ingests large geological datasets to identify high-heat-flow geothermal anomalies and site viable well targets, including hidden 'blind' systems with no surface manifestations.
- **Resource De-risking** — Stochastic resource modeling and subsurface analysis that reduce dry-hole risk on both new (greenfield) prospects and known geothermal sites, lowering the cost of capital.
- **Geothermal Power Development** — Greenfield power plant development - six ~20 MW binary-cycle plants in the pipeline, sized to leverage small-generator interconnection agreements and faster permitting.
- **Production Optimization** — Operational optimization of existing plants, demonstrated by tripling production at the Lightning Dock plant in New Mexico.

## Achievements

- Discovered 'Big Blind' in western Nevada - the first blind geothermal system confirmed commercial by U.S. industry in over 30 years, a 250F reservoir at ~2,700 feet with 100+ MW potential.
- Raised $115M Series C in January 2026, the largest venture investment to date into AI-enabled geothermal discovery; total equity funding reached $180M.
- Tripled production at the Lightning Dock geothermal plant in New Mexico (May 2025).
- Controls 700+ MW of geothermal potential and a multi-gigawatt development pipeline.
- Closed a $40M development capital facility in April 2026 to build first greenfield plants.

## Latest updates

- **2026-04** — Closed $40M development capital facility (scalable to $100M) co-led by Just Climate and Spring Lane Capital to fund first power plants.
- **2026-01** — Raised $115M Series C led by Spring Lane Capital, bringing total equity funding to $180M.
- **2025-12** — Revealed 'Big Blind' in Nevada - first blind geothermal system confirmed by U.S. industry in 30+ years.
- **2025-05** — Tripled production at the Lightning Dock geothermal plant in New Mexico.

## Links

- Website: https://zanskar.com
- LinkedIn: https://www.linkedin.com/company/zanskar

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Profile page: https://yespress.io/zanskar
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Last updated: 2026-06-10