Iceland Set to Receive Space-Based Solar Power by 2030

UK startup Space Solar has partnered with Reykjavik Energy to launch a 30-MW space-based solar power plant, aiming to beam electricity to Iceland by 2030, New Atlas reported yesterday.

This innovative project seeks to overcome the limitations of ground-based solar power, which is affected by weather and day-night cycles.

The orbital solar power plant will operate in geosynchronous orbit, where it can harness near-continuous sunlight. Solar energy will be converted into microwaves and transmitted to Earth, where receivers will convert them back into electricity for the grid.

Despite the promise of space-based solar power, significant engineering challenges remain, including the need for large-scale construction in orbit and high costs. Space Solar is optimistic about scaling up to gigawatt capacity by 2036 and is exploring additional receiver locations in Canada and northern Japan. Co-CEO Martin Soltau emphasized the potential of space-based solar power to drive the energy transition and support sustainable practices.