Solar Panel Maker Is Out of This World
Solar panels in space? It sounds more like science fiction than a business, but one early-stage company has raised money from investors to launch solar panels into space, and to then use high-powered radio waves to beam back energy back to Earth. Manhattan Beach, Calif.-based Solaren raised $600,000 from investors for its business of delivering power from space, according to a recent regulatory filing. The company says it will deliver power to California's Pacific Gas & Electric Co. by 2016, according to a statement on the utility's website. In fact, PG&E has already signed an agreement to purchase 200 megawatts of electric energy from the startup, company CEO Gary Spirnak said
21 July 2009•4 mins read
