Space Based Solar Power
Game changer in sustainable source of energy
Space-based solar power (SBSP, SSP) refers to the idea of harnessing solar energy in space using solar power satellites (SPS) and transmitting it to Earth for example as Microwaves that can be used as electricity.
Dear Readers,
In an era where sustainable energy sources are becoming increasingly essential, the concept of Space-Based Solar Power (SBSP) has emerged as a promising contender. Can SBSP truly outshine the costs of conventional fossil fuels and even Earth-bound renewables?
Let's delve into the details and explore why SBSP could indeed be a game-changer in the global energy landscape. I believe the first company or country to get hands on this technology would be a definite economic and strategic boom!
Advantages of Space-Based Solar Power
One of the primary advantages of SBSP lies in its ability to harness solar energy beyond the Earth's atmosphere. Unlike terrestrial solar panels that are subject to weather conditions and limited daylight hours, SBSP satellites positioned in space can continuously capture sunlight, unaffected by atmospheric interference or nighttime darkness. This uninterrupted energy collection translates to a consistent and reliable power output, reducing the need for energy storage solutions that often accompany renewable sources like wind and solar.
The Cost Factor
Critics might argue that launching satellites into space is astronomically expensive, figuratively and literally. However, when we analyze the broader picture, the investment in SBSP begins to make economic sense. Initial costs might be substantial, but they need to be considered in light of the long-term benefits.
Infrastructure and Maintenance: Traditional fossil fuel infrastructure involves ongoing extraction, transportation, and refining costs. Renewable energy sources like wind and solar require continuous maintenance of ground-based installations. In comparison, once SBSP satellites are in orbit, they can operate for years with minimal upkeep, saving significant operational expenses.
Resource Abundance: Fossil fuels are finite resources, leading to price volatility as demand outpaces supply. On the other hand, solar energy in space is nearly limitless, ensuring a steady supply and stabilizing long-term energy costs.
Energy Transmission: SBSP employs innovative wireless transmission technologies such as microwave or laser beams to transmit energy to Earth. This negates the need for extensive transmission line installations that can be expensive in conventional power distribution.
Comparing Costs with fossil fuels
While specific figures may vary, studies have shown that the cost per kilowatt-hour (kWh) of energy from SBSP can become competitive with or even surpass the costs of traditional fossil fuels and certain Earth-bound renewables.
According to an analysis by the International Academy of Astronautics, SBSP could potentially achieve costs as low as 5-10 cents per kWh by 2050. To put this into perspective, the average cost of electricity generation from fossil fuels was around 5-7 cents per kWh in 2021.
Moreover, as technology advances and economies of scale kick in, the initial launch costs are projected to decrease, further enhancing the cost-effectiveness of SBSP.
A Vision for a Sustainable Future
In the pursuit of a sustainable future, it's imperative to consider not only the current costs but also the long-term benefits of transitioning to cleaner energy sources. As technological innovation and international collaboration continue to drive down costs, the day when space-based solar power becomes a cost-effective reality may be closer than we think.
China wants to be the first country to have hands on this technology. The hope to achieve it by 2035 or earlier. Below you will find an interesting read on what they have achieved till now : https://english.news.cn/20220622/4f4e866729d14e37afe4d2fd0d44fb2e/c.html
Starting your research in this field or putting your money now in a company that works for this technology wouldn’t really be a bad idea.
Stay enlightened,
TJ