Skip to main content

Zanskar raises a whooping $30 Million For r Geothermal Energy

Unearthing the Future: Zanskar Raises $30 Million to Revolutionize Geothermal Energy

By:Robert Buluma

In a world teetering on the brink of an energy crisis, where the demand for power surges with the relentless march of technology, one company stands poised to reshape the landscape of sustainable energy.  Geothermal & Minerals, the vanguard of geothermal exploration, has just announced a monumental achievement - the closing of a staggering $30 million in new funding, a feat that promises to propel the discovery of geothermal energy into uncharted territories.

Led by Obvious Ventures, this groundbreaking round of funding signals a watershed moment for the renewable energy sector. With stalwart support from previous investors like Munich Re Ventures and Union Square Ventures, as well as fresh contributions from Clearvision Ventures, Zanskar embarks on a mission to harness the power of geothermal energy on an unprecedented scale.

But what exactly makes geothermal energy so pivotal in our quest for a sustainable future? Picture this: a boundless reservoir of clean, renewable power, emanating from the depths of the Earth itself. Unlike traditional sources of energy, geothermal power provides a stable foundation for a carbon-free grid, offering affordable electricity when conventional infrastructure falters under the weight of burgeoning demand.

Carl Hoiland, the visionary CEO and Co-founder of Zanskar, articulates the company's mission with unwavering determination: "We want to make geothermal the cheapest and most widely deployed firm renewable on the planet." Fuelled by a relentless pursuit of innovation,  Zanskar has shattered industry records since its inception, pioneering new tools to unearth a wealth of geothermal resources crucial for our energy transition.

The company's remarkable achievements speak volumes. From securing lucrative contracts with the United States Department of Defense to revolutionizing data collection with its pioneering field program, Zanskar has emerged as a beacon of hope in an era plagued by energy uncertainty. Joel Edwards, the ingenious CTO and Co-founder of Zanskar , encapsulates the spirit of discovery that propels the company forward: "I still get excited every time we make a new discovery; it never gets old."

Bolstered by the unwavering support of Obvious Ventures and a legion of forward-thinking investors, Zanskar is poised to unleash a wave of transformative change. With a laser focus on technology development and a steadfast commitment to greenfield power projects, the company charts a course towards a future powered by clean, renewable energy.

As the world grapples with the urgent imperative of decarbonization,  Zanskar stands at the vanguard of a revolution. Armed with innovation, propelled by passion, they beckon us to join them on a journey towards a brighter, greener tomorrow.

Zanskar is an AI-native geothermal developer at the forefront of the renewable energy revolution. Through cutting-edge technology and unwavering dedication, Zanskar is reshaping the future of energy generation, one groundbreaking discovery at a time. Join us in our mission to create a world powered by clean, sustainable energy.

Relentlesly the world has been investing in Geothermal Energy With Star Energy being one of the most recent Investors in this venture

Source: Business Wire

Connect With Us:Alphaxioms

Labels:

Comments

Post a Comment

Hot Topics

Nevis Ignites Caribbean Energy Future with Landmark Geothermal Drilling Bids

🌋 Nevis Powers Forward: A Quantum Leap in Geothermal Energy Development By Robert Buluma | July 9, 2025 In a move hailed as a monumental step toward clean energy independence, Nevis has officially reached a historic milestone in its geothermal energy journey. With the recent opening of global tenders for the drilling of five major geothermal wells, the island is now closer than ever to realizing its ambition of sustainable, baseload geothermal power. Premier Hon. Mark Brantley, speaking during the July 3 sitting of the Nevis Island Assembly, described the development as a “quantum leap forward” — and rightly so. For a project that has been years in the making, the recent submission of bids by some of the world’s largest and most respected drilling companies signals a bold new chapter in Caribbean energy innovation. 🌍 Five Global Giants Enter the Ring Bids have been officially submitted by five world-renowned companies: Iceland Drilling Company (Iceland) Marriott Drilling (UK...
Post a Comment
Read more

Kenya Taps Deep Earth Power: 22MW Steam Breakthrough at Silali Sparks Geothermal Surge

🔋 Kenya Powers Forward: 1,065MW Green Boost from Silali Geothermal Field By:  Robert Buluma Kenya’s journey toward a clean energy future just got a massive boost  and it’s coming straight from the earth’s core. In a stunning breakthrough, the Geothermal Development Company (GDC) has unlocked a high-capacity steam well at the Silali geothermal field in Baringo , delivering a rare yield of 22 megawatts (MW) — equivalent to four conventional wells combined. This discovery is a beacon of progress, pointing to a promising energy-rich future for Kenya. The Silali field is part of the Baringo-Silali-Paka geothermal block , a volcanic-rich zone that has been under active drilling for the last seven years. Alongside the Paka and Korosi fields, this region has proven to be a powerhouse of underground steam reserves. GDC is now targeting 300MW from this cluster, distributing 100MW from each of the three geothermal fields. Already, 75MW of steam has been harnessed, and the company p...
Post a Comment
Read more

"Steam, Scandals, and Stalled Megawatts: KenGen’s Court Battle Over Olkaria VII Consultancy"

Power, Politics, and Procurement: Inside KenGen’s Legal Battle Over Olkaria VII Geothermal Consultancy By  Robert Buluma In a dramatic twist that’s shaken Kenya’s energy sector, the Kenya Electricity Generating Company (KenGen) is locked in a legal showdown over the consultancy tender for its highly anticipated Olkaria VII geothermal power plant. The project, aimed at injecting 80 megawatts of clean energy into the national grid, now faces turbulence—not from the underground steam chambers of Hell’s Gate, but from boardrooms and courtrooms. 🔍 What’s the Fuss About? At the heart of this high-stakes battle is a €18.16 million consultancy tender awarded to Italy’s ELC Electroconsult SPA . The catch? Their bid was over Sh200 million higher than that of the next technically qualified firm. The Public Procurement Administrative Review Board (PPARB), Kenya’s watchdog for public tenders, wasn’t impressed. In a June 2025 ruling, PPARB annulled the award, citing procedural irregularities, ...
Post a Comment
Read more

Teverra Powers Up Rico: A $200K Boost to Colorado’s Geothermal Future

By Robert Buluma | Alphaxioms Blog | July 8, 2025 From Fossil Fuels to the Earth’s Furnace—Rico is Rising Nestled in the mountainous beauty of southwest Colorado, the historic town of Rico is about to become a shining example of how geothermal innovation can power a resilient, carbon-free future. Thanks to a $200,000 grant from the Colorado Energy Office, awarded under the state’s groundbreaking Geothermal Energy Grant Program, Teverra is setting the stage for a transformative shift in how rural communities heat their homes. 🔥 A Groundbreaking Project with Groundbreaking Heat Teverra, headquartered in Atlanta, is no stranger to subsurface energy innovation. But the Rico Heat Network Project might just be one of its most impactful endeavors yet. The company plans to deploy cutting-edge subsurface analysis, thermal modeling, and engineering expertise to develop a direct-use geothermal system that will sustainably heat and cool buildings across the town. This isn’t just a pilot—it’s a pr...
Post a Comment
Read more

Exergy ORC to Revamp Ribeira Grande Geothermal Power Plant in the Azores

In a landmark move for clean energy in the Azores, Exergy ORC has secured a contract to revamp the Ribeira Grande geothermal power plant on São Miguel Island.  By :  Robert Buluma This pivotal project is being undertaken in collaboration with EDA Renováveis, and it marks Exergy's second geothermal venture in the region—reinforcing its commitment to advancing the energy transition during what is now widely regarded as the "Geothermal Decade." A Tailor-Made Solution for a Sustainable Future As part of the modernization, two outdated geothermal units will be replaced with a state-of-the-art, 5 MW Organic Rankine Cycle (ORC) system. This advanced solution has been specifically designed to enhance the performance and efficiency of the Ribeira Grande plant, utilizing geothermal resources more effectively and sustainably. The goal is not just to boost energy output, but to support São Miguel’s broader ambition: to run entirely on renewable energy. With the integration of Exergy...
Post a Comment
Read more

Kamchatka’s Geothermal Surge: RusHydro and Zarubezhneft Join Forces to Power Russia’s Green Future

Russia is making a bold move toward renewable energy independence with a groundbreaking partnership between RusHydro and Zarubezhneft, two of the country’s energy giants.  By:  Robert Buluma This strategic alliance has resulted in RusHydro acquiring a controlling 51% stake in Geotermalnaya Energetika , a subsidiary of Zarubezhneft that oversees renewable energy projects. The crown jewel of this venture? The construction of Mutnovskaya GeoPP-2 , a 66.5 MW geothermal power plant set in the geologically rich region of Kamchatka. This milestone isn’t just another investment—it’s a calculated response to Kamchatka’s growing energy needs. With electricity demand in the region’s Central Energy District (CER) projected to soar to 1.85 billion kWh and 315 MW by 2030, authorities anticipate a looming power shortfall of up to 31 MW. To bridge this gap, RusHydro and Zarubezhneft plan to deploy a binary-cycle geothermal system at Mutnovskaya GeoPP-2, which promises over 90% capacity utili...
Post a Comment
Read more

PGEO's Geothermal Ambition Ignites: Lumut Balai Unit 2 Nears Full Power by June 2025

PGEO's Geothermal Ambition Ignites: Lumut Balai Unit 2 Nears Full Power by June 2025 By  Alphaxioms | June 18, 2025 In the heart of Sumatra’s steamy rainforest, a silent revolution is unfolding one that doesn't spew smoke or roar with turbines, but hums with the promise of a greener tomorrow. PT Pertamina Geothermal Energy Tbk (PGEO) is racing against time to power up its PLTP Lumut Balai Unit 2 , and with the first successful synchronization to PLN’s grid, the countdown to full commercial operation by June 2025 has officially begun. ⚡ The Beginning of a Brighter, Cleaner Era On June 16, 2025, PGEO achieved a crucial milestone: initial synchronization of Lumut Balai Unit 2 at 10% capacity (around 5.5 MW) of its total 55 MW output. What may sound like a small step was, in fact, the spark igniting a larger geothermal ambition. This step not only marks the start of transmitting electricity into the national grid, but it is also a powerful symbol of Indonesia’s forward march t...
Post a Comment
Read more

🔥 Geothermal Gold Beneath the Lion City: Singapore Uncovers Surprising Heat Power in Sembawang

When you think of Singapore, what comes to mind? Skyscrapers. Tech. Food. Green innovation. But now, add one more surprising trait to the list: geothermal powerhouse . By:  Robert Buluma That’s right beneath the city-state’s highly urbanized northern district lies a blazing opportunity that could redefine Singapore’s energy story. In a recent announcement that’s set the clean energy world abuzz, scientists from NTU Singapore and TUMCREATE revealed astonishing findings from a joint geothermal drilling project. At just 1.76 km underground in Sembawang , temperatures have soared to a jaw-dropping 122°C —a record-breaker for the region, and far higher than the 70°C earlier recorded at a shallower depth in Admiralty. This isn't just hot news. It’s a revolutionary discovery that could reshape how one of the world's most densely populated nations powers its future. 🌋 A Hidden Furnace Below the Urban Jungle This project—backed by Singapore’s National Research Foundation (NRF) and th...
Post a Comment
Read more

Exploring Bosnia and Herzegovina’s Geothermal Future: UNDP Calls for Experts to Lead Groundbreaking Study

Unlocking Bosnia and Herzegovina’s Geothermal Potential: A Golden Opportunity for Experts   By: Robert Buluma The global push for sustainable energy has ignited interest in geothermal resources, and Bosnia and Herzegovina (BiH) is the latest country stepping up to explore its underground energy reserves. The United Nations Development Programme (UNDP) has announced a Request for Proposal (RFP) for the Development of a Study on the Geothermal Potential of the Federation of Bosnia and Herzegovina (FBiH). This presents a lucrative opportunity for geothermal experts, energy consultants, and research institutions to shape the future of renewable energy in the region.   This is not the 80's when Geothermal Energy was being taxed as if it did not mean something, things have changed and it is getting similar incentives as other Renewables. What’s the Deal?   Published on January 29, 2025, this tender (Reference Number: UNDP-BIH-01166) seeks to assess, analyze, and ...
Post a Comment
Read more

Exergy, Baseload Sighn LOI For Kopsvatn Geothermal Plant In Iceland

Revolutionizing Geothermal Energy: Exergy Partners with Baseload Power Iceland to Transform Kopsvatn  By: Robert Buluma Image: Baseload Iceland,C.E.O Marta Ros Karlsdottir and Exergy's Luca Pozzoni shake hands upon signing of the LOI , Image source Exergy on LinkedIn In a groundbreaking development for geothermal energy, Exergy has signed a Letter of Intent (LOI) with Baseload Power Iceland to supply two Organic Rankine Cycle (ORC) units for the Kopsvatn geothermal power plant in Flúðir, Iceland. This partnership signifies a monumental leap in the utilization of small-scale binary systems that combine heat and power, paving the way for a global revolution in sustainable energy production.    A Milestone in Small-Scale Geothermal Innovation   The Kopsvatn geothermal power plant project embodies innovation at its finest. By integrating Exergy’s state-of-the-art ORC technology with Baseload Power Iceland’s strategic vision, this collaboration underscores the i...
Post a Comment
Read more