The European Space Agency (ESA) has long explored space-based solar power as a potential energy solution, theorizing that solar collection in space—where sunlight is over 10 times more intense than on Earth’s surface—could eventually meet one-third of the EU’s energy needs. ESA’s studies, however, concluded that creating the necessary infrastructure would be astronomically expensive, requiring a geostationary satellite network positioned 36,000 kilometers above Earth and costing hundreds of billions of dollars.
Despite these daunting challenges, one tech entrepreneur, Baiju Bhatt, believes he’s found a more feasible path forward. Bhatt, co-founder of the Robinhood trading app, launched a new venture called Aetherflux after stepping down from Robinhood’s CEO role in 2020. His goal: make space-based solar power affordable and practical, with plans to begin beaming solar energy down to Earth in as little as a year.
Continue reading… “Aetherflux’s Bold Vision: Bringing Space-Based Solar Power to Earth”
