Luxembourg’s TerraSpark raises over €5 million to harness solar energy from space and deliver it wirelessly to Earth
Luxembourg-based startup TerraSpark has secured over €5 million in pre-seed funding to advance its innovative space-based solar power (SBSP) technology. This development is particularly significant as Europe grapples with energy resilience challenges and escalating demand, exacerbated by the growing needs of data centres for AI applications. The funding aims to propel the company's modular approach, moving towards initial pilot applications and live tests of its wireless energy transmission capabilities. TerraSpark’s ambition is to harness a continuous, weather-proof solar energy supply from orbit and transmit it wirelessly to Earth via radio frequency. The company is taking a pragmatic, phased approach, beginning with the commercialization of radio frequency-based wireless energy transmission for industrial uses on Earth. This strategy aims to demonstrate the safety, efficiency, and regulatory compliance of the technology before scaling up to orbital systems, with an orbital technology demonstrator planned for 2027 and space-to-Earth power transmission targeted for 2028. This groundbreaking initiative could have profound implications for European energy infrastructure, offering a potential solution to grid fragility and transmission limitations. By providing a consistent and globally accessible energy source, SBSP could supplement existing renewables and address the increasing power demands of burgeoning digital sectors, fostering greater digital sovereignty and energy independence for the continent.
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