Iceland has announced they will get solar energy from space becoming the first nation on the planet to do so.
The pioneering agreement will see the first-ever space-based power station provide Reykjavik Energy with electricity.
Space Solar has joined forces with Transition Labs to make this groundbreaking step in the world’s transition to sustainable energy.
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By 2030 the energy used by the people of Iceland will be out of this world – literally.
Space Solar, the global leader in space-based solar power, states their first plant will be operational in six years time.
The power plant will have an initial capacity of 30 MegaWatts, in comparison one MegaWatt could light up around 1,000 homes.
The partnership with the Icelandic energy company is poised to fast forward the shift toward Net Zero.
The station will orbit the Earth absorbing solar energy and transmit it wirelessly through radio waves to the ground-based plants.
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The energy will be converted to electricity and directed towards Iceland’s power grid providing clean, renewable energy 24/7, with no impact from weather.
By 2036 Solar Space plans to upscale the operation with each space-based plant supplying GigaWatts to Earth.
Potential sites for more receiving stations include Iceland, Canada, and northern Japan, as reported by Absolutely Business.
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Analysis conducted by Imperial College London indicates that eight GigaWatt space-based solar energy stations could reduce annual UK costs by over £4 billion.
Martin Soltau, co-CEO of Space Solar, stated: “Space-based solar power offers unparalleled benefits with competitive energy costs and 24/7 availability.
“Reykjavik Energy’s recognition of the potential for space-based solar to drive the energy transition is exciting, and we’re thrilled to be working together in partnership toward a sustainable future.”
Kjartan Örn Ólafsson, CEO of Transition Labs, stated: “The collaboration with Reykjavik Energy marks a key milestone in Space Solar’s journey toward full-scale deployment.
“Their forward-thinking approach to climate technology, combined with expertise in carbon storage through Carbfix and a long-standing partnership with Climeworks, makes Reykjavik Energy the perfect partner for Space Solar’s initial phase.”
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