Space-Based Solar Power Market Trends

The space-based solar power (SBSP) market is growing through joint research efforts between governments, private companies, and international organizations working on clean energy solutions. New technology has made it easier and less expensive to put solar panels in space. Power transmission systems using microwaves and lasers have shown promise in sending energy back to Earth. Major space agencies like NASA, ESA, and JAXA, along with companies like SpaceX, are investing in SBSP to make it commercially viable. NASA is exploring the best ways to contribute to the advancement of space-based solar power. A new report titled "Space-Based Solar Power," from NASA's Office of Technology, Policy, and Strategy (OTPS), is designed to provide the agency with crucial information to guide its support for the development of this emerging field.