http://www.universetoday.com/2009/02/18/new-company-looks-to-produce-space-based-solar-power-within-a-decade/February 18th, 2009
New Company Looks to Produce Space Based Solar Power Within a Decade
Written by Nancy Atkinson
Is space-based solar power (SBSP) a technology whose time has come? The concept and even some of the hardware for harnessing energy from the sun with orbiting solar arrays has been around for some time. But the biggest challenge for making the concept a reality, says entrepreneur Peter Sage of Space Energy, Inc., is that SBSP has never been commercially viable. But that could be changing. Space Energy, Inc. has assembled an impressive team of scientists, engineers and business people, putting together what Sage calls "a rock-solid commercial platform" for their company. And given the current looming issues of growing energy needs and climate change, Space Energy, Inc. could be in the right place at the right time.
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The first phase of Space Energy, Inc.'s plan is to launch a small prototype satellite into low Earth orbit. "This will help validate the numbers we are speculating on at this point, but also validate several different aspects of what SBSP can do," said Sage. "From a successful demonstration, we are hoping to close power purchase agreements with one of several entities we are in discussions with at present. And on the strength of that we should be able to put the first commercial satellite in orbit."
With regards to the timetable, Sage was hesitant to commit to a schedule. "As timetables go, everything needs to be flexible, but we are looking to close the financing for the demonstrator during the first quarter of this year (2009). The demonstrator is a 24 to 36 month project and, from there, we will start the commercial build-out of the main satellite, which could take up to four years to be operational."
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What are the biggest hurdles to overcome in this project? "If you would have asked me that question a few months ago," Sage replied, "I would have said a combination of meeting the right people who could understand the vision and scope of what it is what we're doing, and raising the initial financing for the demonstrator. Those hurdles, at this point, really seem to be taken care of. The more we have our technical teams talk with investors, the more people understand that we're real and this isn't some sort of Star Trek giggle factor. Right now, with the level of due diligence that's been done not only on SBSP itself, but with ourselves as a commercially viable entity, we're on the forefront of many people's agenda in terms of how to move this forward. We see a straight path to making this a reality."
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For more information:
Space Energy, Inc.
Space Energy, Inc.'s interactive flash presentation
Video presentation on Space Based Solar Power by Mafic Studios