The Lightning Dock geothermal energy plant in New Mexico (supply: Dr. Aubry DeReuil, Zanskar Geothermal & Minerals)
Zanskar Geothermal & Minerals expands their portfolio with acquisition of the Lightning Dock geothermal energy plant in New Mexico from Cyrq Vitality.
Zanskar Geothermal & Minerals, Inc. is happy to announce the acquisition of Lightning Dock Geothermal, together with the Bruce Levy geothermal energy plant in Hidalgo County, New Mexico, from Cyrq Vitality, LLC. The entity sale transaction was accomplished on Might 29, 2024.
Lightning Dock is notable because the easternmost geothermal energy plant in the USA and as the one utility scale geothermal energy plant working in New Mexico, having changed the unique Dale Burgett energy plant in 2019. Electrical energy generated at Lightning Dock provides the Public Service Firm of New Mexico (PNM) with carbon-free, agency baseload energy for his or her clients across the State.
Zanskar has a historical past of offering exploration companies and testing new subsurface characterization methods at Lightning Dock. This acquisition represents a chance for continued analysis and progress inside Zanskar’s renewable vitality portfolio and displays the corporate’s dedication to creating the largely untapped geothermal potential within the Western United States.
Carl Hoiland, CEO of Zanskar, said, “We’re excited to combine Lightning Dock and its employees into our rising portfolio and group. Along with offering clear energy to New Mexico, the geological system and facility listed below are nicely suited to growth and testing of latest subsurface applied sciences which have the potential to make geothermal vitality essentially the most reasonably priced and broadly deployed supply of agency renewable energy. Our work right here has already yielded promising early outcomes that may be utilized to our broader portfolio of geothermal initiatives. We stay up for this subsequent stage of Lightning Dock’s historical past.”
Chip Schneider, Interim CEO of Cyrq Vitality, added, “We’re pleased with what Cyrq Vitality has achieved with Lightning Dock and are assured that Zanskar will proceed to advance the venture’s success. We stay up for working with Zanskar through the transition of operations.”
For additional data, please contact: comms@zanskar.us
