Zanskar, America's leading geothermal discovery company, today (May 8) announced that it has entered a 20-year Power Purchase Agreement (PPA) with NV Energy to deliver 100MW of reliable, baseload geothermal power upon approval of NV Energy's 2026 Integrated Resource Plan filed with the Public Utilities Commission of Nevada (PUCN).
Zanskar uses artificial intelligence and other advanced technologies to de-risk geothermal exploration and drilling. Applied across the most significant geothermal exploration campaign in American history, the company has built a leading greenfield geothermal portfolio in Nevada. With existing sites already announced in the state, including Pumpernickel, Big Blind, and others on the way, Zanskar will deliver 100 MW of geothermal power to NV Energy by 2030. The PPA, which runs through 2050, encompasses multiple projects to be constructed and operated by Zanskar and sold in a portfolio to NV Energy.
"Geothermal is one of the few energy sources uniquely positioned to deliver affordable, around-the-clock power. Not only can it deliver reliable, carbon-free power with existing technologies, but it's also uniquely suited to scale and meet growing electrical needs for years to come," said Ryan McGraw, Chief Development Officer of Zanskar. "This agreement marks a significant step in scaling our portfolio further, and we're grateful to be working alongside NV Energy to meet the moment to provide carbon-free power at a time of high demand."
Energy demand across Nevada is increasing, and geothermal is positioned to deliver gigawatts of new baseload power to a full funnel of energy users across the Silver State. Already a leader in geothermal power generation, Zanskar's AI-enabled prospecting toolkit indicates that we're only scratching the surface when it comes to the full potential of delivering carbon-free geothermal energy to Nevada.
The PPA with NV Energy follows a string of recent announcements from Zanskar. Within this year alone, Zanskar raised $115M in Series C funding, closed $40M in novel development capital, and signed a GEODE agreement with CC Power. With this continued momentum, Zanskar is proving naturally occurring geothermal can be de-risked and scaled domestically to power the next generation of American infrastructure.
About Zanskar
Zanskar is the first AI-native geothermal energy company using AI to transform how we find, assess, and deliver geothermal energy. Combining artificial intelligence, modern drilling, and computational geoscience, Zanskar is expanding the frontier of American geothermal discovery, unlocking value from hidden, forgotten, or underutilized geothermal fields. Following the turnaround of Lightning Dock in New Mexico, now the site of the most productive pumped geothermal well in the United States, and record-breaking discoveries at Pumpernickel and Big Blind in Nevada, Zanskar is showing that geothermal can be predictable, profitable, and massively scalable. Zanskar is actively deploying this model across a growing portfolio of newly discovered or overlooked sites to develop, build, own, and operate high-grade geothermal assets as a foundational component of the modern grid. Learn more: https://www.zanskar.com/.
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