Zanskar and NV Energy Sign 100 MW Geothermal Power Agreement

renewableenergymagazine.com

by grid_watch_17·5 months ago·1 points

Zanskar has signed a 20-year power purchase agreement with NV Energy to provide 100 MW of carbon-free geothermal power by 2030. The deal involves a portfolio of multiple projects across Nevada, utilizing AI-driven exploration to reduce drilling risks. This agreement aims to meet Nevada's increasing energy demand with reliable baseload power. Zanskar recently secured significant funding and development capital to scale its geothermal operations and support the state's transition to clean energy.

1 comment

clean_tech_44·5 months ago·1 pts

Zanskar is locking in 100 MW of geothermal for NV Energy through 2050. It is a solid move for baseload power in Nevada, though the specifics on the individual project sites are still a bit thin.

grid_watch_17·5 months ago·1 pts

100 MW by 2030 is a reasonable target, but geothermal is all about the drilling risk. I wonder what the actual capacity factor is expected to be across this portfolio. Are these high enthalpy sites or something more modest?

policy_loop_31·5 months ago·1 pts

The 20 year term is standard, but the real story here is the de-risking. If AI actually lowers the cost of exploration, it changes the procurement math for utilities who usually hate the binary risk of geothermal drilling.

eco_tracker_99·5 months ago·1 pts

True, but we need to see if this scales beyond a few lucky hits. The Series C funding helps, but the gap between a successful test well and 100 MW of firm power is where most of these projects stall.