{"id":19564,"date":"2024-07-03T03:19:23","date_gmt":"2024-07-03T03:19:23","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/zanskar-acquires-lightning-dock-geothermal-power-plant-new-mexico\/"},"modified":"2024-07-03T03:19:23","modified_gmt":"2024-07-03T03:19:23","slug":"zanskar-acquires-lightning-dock-geothermal-power-plant-new-mexico","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/zanskar-acquires-lightning-dock-geothermal-power-plant-new-mexico\/","title":{"rendered":"Zanskar acquires Lightning Dock geothermal power plant, New Mexico"},"content":{"rendered":"
\n

Zanskar Geothermal & Minerals, Inc.<\/a> is pleased to announce the acquisition of Lightning Dock Geothermal, including the Bruce Levy geothermal power plant in Hidalgo County, New Mexico, from Cyrq Energy, LLC<\/a>. The entity sale transaction was completed on May 29, 2024.<\/p>\n

Lightning Dock is notable as the easternmost geothermal power plant in the United States and as the only utility scale geothermal power plant operating in New Mexico<\/a>, having replaced the original Dale Burgett power plant in 2019. Electricity generated at Lightning Dock supplies the Public Service Company of New Mexico (PNM) with carbon-free, firm baseload power for their customers around the State.<\/p>\n

Zanskar has a history of providing exploration services and testing new subsurface characterization techniques at Lightning Dock. This acquisition represents an opportunity for continued research and growth within Zanskar\u2019s renewable energy portfolio and reflects the company\u2019s commitment to developing the largely untapped geothermal potential<\/a> in the Western United States.<\/p>\n

Carl Hoiland, CEO of Zanskar, stated, \u201cWe are excited to integrate Lightning Dock and its staff into our growing portfolio and team. In addition to providing clean power to New Mexico, the geological system and facility here are well suited for development and testing of new subsurface technologies that have the potential to make geothermal energy the most affordable and widely deployed source of firm renewable power. Our work here has already yielded promising early results that can be applied to our broader portfolio of geothermal projects. We look forward to this next stage of Lightning Dock\u2019s history.\u201d<\/em><\/p>\n

Chip Schneider, Interim CEO of Cyrq Energy, added, \u201cWe are proud of what Cyrq Energy has achieved with Lightning Dock and are confident that Zanskar will continue to advance the project\u2019s success. We look forward to working with Zanskar during the transition of operations.\u201d<\/em><\/p>\n

For further information, please contact: comms@zanskar.us<\/a><\/p>\n

The post Zanskar acquires Lightning Dock geothermal power plant, New Mexico<\/a> first appeared on ThinkGeoEnergy – Geothermal Energy News<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Zanskar Geothermal & Minerals expands their portfolio with acquisition of the Lightning Dock geothermal power plant in New Mexico from Cyrq Energy.<\/p>\n

The post Zanskar acquires Lightning Dock geothermal power plant, New Mexico<\/a> first appeared on ThinkGeoEnergy – Geothermal Energy News<\/a>.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[9618,18580,4467,14670,14669,18601,3395,880,12878,4758,7490,17757],"class_list":["post-19564","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-acquires","tag-dock","tag-energy","tag-geo","tag-geothermal","tag-lightning","tag-mexico","tag-new","tag-plant","tag-power","tag-think","tag-zanskar"],"yoast_head":"\nZanskar acquires Lightning Dock geothermal power plant, New Mexico - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/zanskar-acquires-lightning-dock-geothermal-power-plant-new-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zanskar acquires Lightning Dock geothermal power plant, New Mexico - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"Zanskar Geothermal & Minerals expands their portfolio with acquisition of the Lightning Dock geothermal power plant in New Mexico from Cyrq Energy. 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