January 22, 2026
Foley Hoag advised Spring Lane Capital, a private equity firm that invests in real-asset platforms crossing the “missing middle” with tailored project finance and corporate equity solutions, as lead investor in a $115 million Series C financing round in Zanskar Geothermal. Zanskar is an AI‑native geothermal energy company leveraging artificial intelligence and advanced geoscience to identify, develop, and operate utility‑scale geothermal power projects. The financing positions Zanskar for rapid growth by enabling the company to advance its gigawatt-scale pipeline through a historic geothermal exploration and development campaign.
A Foley Hoag team including Mark Barnett, Erica Harrington, Lexi Stacy, Dania Keller, and Matthew Hursh provided legal counsel on behalf of Spring Lane Capital and are proud to support Spring Lane’s investment in this groundbreaking work.
