TerraSpark: €5M Investment in Space-based Solar Power Research
In a significant leap forward for renewable energy, Luxembourg-based startup TerraSpark has successfully secured €5 million in a pre-seed funding round. This investment is set to fuel the company’s ambitious mission to advance space-based solar power (SBSP) technology, a revolutionary concept that aims to beam clean, continuous energy from orbit down to Earth.
The funding round saw participation from a consortium of prominent investors, including Daphni, Sake Bosch, better ventures, Hans(wo)men Group, the Luxembourg Business Angel Network, and the Karaque Club. The successful raise underscores the growing confidence in innovative solutions to meet global energy demands.
Tapping into Continuous Space-based Solar Power
Founded by Jasper Deprez and Dr. Sanjay Vijendran, TerraSpark is tackling one of the primary limitations of terrestrial solar power: intermittency. Space-based solar power systems operate above the Earth’s atmosphere, allowing them to capture sunlight continuously, 24/7, without being affected by weather or the day-night cycle.
The technology involves large solar panels in orbit that generate electricity. This power is then converted and transmitted wirelessly to Earth via low-density radio waves. On the ground, specialized receiving antennas, known as rectennas, capture this energy and convert it back into electricity for the grid. This approach promises a reliable source of baseload power, which is crucial for stabilizing energy grids and powering critical infrastructure.
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Tina Dreimann of better ventures, one of the key investors, commented on the startup’s potential: “TerraSpark combines European space expertise with the experience to truly scale technology. This mix of technical depth and implementation power is exactly what Europe needs for resilient energy infrastructure.”
Fueling the Future with Space-based Solar Power Funds
With this new capital, TerraSpark plans to accelerate its development timeline significantly. The €5 million will be allocated to several key areas:
* Advancing Technology: Further refining the core SBSP systems and components.
* Pilot Applications: Preparing initial Earth-based pilot programs to test and validate the technology.
* Live Testing: Conducting live tests to demonstrate the efficiency and reliability of the power transmission.
* Orbital Demonstrator: Developing and launching an orbital demonstrator satellite by 2027, a critical step to showcase space-to-Earth power transmission.
TerraSpark is initially targeting applications in remote and hard-to-reach locations where consistent power is a challenge. This includes islands, offshore platforms, mining operations, desalination plants, and other critical infrastructure that currently rely on expensive or carbon-intensive energy sources.
This funding marks a pivotal moment for TerraSpark and a promising development for the future of clean energy. By aiming for the stars, the Luxembourg startup is working to bring a powerful, resilient, and sustainable energy source down to Earth.
