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Space-Based Solar Power: Market Opportunities

January 2020 | 20 pages | ID: SFA2235BD24DEN
BCC Research

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Summary

Space-based solar power (SSP) is the future of the solar power generation on Earth. With the availability of the less area for the implementation of the solar farms around the world, it is worth looking at space for better utilization and harness solar energy. There is no day or night cycle above the Earth and no obstruction to sunlight due to the weather or clouds like in the Earth’s atmosphere.

“An SBSP system would receive eight times more energy than Earth does.”
- Professor Sergio Pellegrino of CalTech.

Space solar power is clean and inexhaustible as long as the Sun exists and is the largest energy source in the world. SSP has the capacity to provide clean solar energy in large quantities with very little environmental impact.

Reasons for Doing This Study

Solar power is one of the major renewable energy sources we have on Earth. With the increase in the energy requirements around the world, it is necessary that we find alternatives for power generation. Space-based solar power is expected to play a crucial role in the future of power generation due to its unlimited potential. Although it has few drawbacks, such as the transportation of solar panels to space, with the development of the reusable rockets it is expected that in the future space-based solar power will become a reality and help meet Earth-based energy needs.
CHAPTER 1 SPACE-BASED SOLAR POWER: AN EMERGING MARKET

Reasons for Doing This Study
Intended Audience
Summary
Need for New Energy Sources
Energy Usage
Overview
History of Space-Based Solar Panels
Limits of Earth-Bound Green Energy
Safety Considerations
Advantages and Disadvantages of Space-Based Solar Systems
Design of Space-Based Solar Systems
Location
Wireless Power Transmission
Earth-Based Receivers (Rectennas)
Other Space Applications
Estimated Initial Investments
Launch Costs
Comparative Market Statistics for Solar Energy and its Growth on Earth
Solar Photovoltaic (PV) Power
Floating Solar Photovoltaic Power
Concentrated Solar Energy
Solar Thermal Heating and Cooling
Analyst's Credentials
Related BCC Research ReportsList of Tables
Table 1 : Rocket Launch Costs per Kilogram, Current vs. Required
Table 2 : Shares of Solar Energy System Installations, by Country, as of 2018List of Figures
Figure 1 : Solar Radiation Spectrum
Figure 2 : Artistic Depiction of a Solar Energy Satellite
Figure 3 : Artistic Depiction of an Asteroid Solar Energy Station
Figure 4 : Artistic Depiction of Wireless Power Transmission
Figure 5 : Microwave Transmission Receivers (Rectennas)
Figure 6 : Solar (Photovoltaic and Concentrated) Power Cumulative Capacity, 2018-2024
Figure 7 : Solar PV Power Installations, 2015-2018
Figure 8 : Floating Solar Photovoltaic Power Installations, 2015-2018
Figure 9 : Concentrated Solar Power Installations, 2015-2018
Figure 10 : Solar Thermal Heating and Cooling Installations, 2015-2018


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