With $185 million in venture funding raised previously, this new financing marks a shift in how Zanskar’s geothermal projects are financed and advanced
28 April 2026 — Salt Lake City-based Zanskar has closed a $40 million Development Capital Facility, a form of structured debt that is designed to scale to up to $100 million, as needed by the company.
According to a review of the Zanskar news release, these new monies expand the company’s Financial Stack above and beyond the $185 million in venture capital funding it has previously raised. As such, this funding introduces a new layer of capital into its geothermal development strategy and signals a broader shift in how geothermal projects are financed and advanced…