Space Energy

Space Energy represented an ambitious attempt to commercialize the technology known as Space Based Solar Power (SBSP).

Created: 2023-02-18

Updated: 2024-04-08

Company - Space Energy

Founded
Country
2008
Switzerland
Funding
$4M+
Website
https://petersage.com/space-energy/
Space Energy

Product/Service

Classification
Space Utilities
Category
Space Solar Power
Power Beaming
Fields
Space Solar Power
Status
Dormant
First launch
Dormant

Space Energy represented an ambitious attempt to commercialize the technology known as Space Based Solar Power (SBSP). It was incorporated in Switzerland in 2008 following two years of in-depth preparation and collaborative work with other companies in the same field. Start-up capital was half a million Swiss francs of co-founder’s funds.

By 2010 it had grown to have fully staffed offices and branches in five countries and was widely recognized as the global leader in bringing SBSP to reality. It also appeared in a multitude of press and media articles including The Sunday Times. The majority of funding came in the form of personal investment from Co-Founder Peter Sage. This totaled approximately $4m. This was also supported by funds from a number of private individuals.

During its years of operation, Space Energy accomplished many milestones and attracted some of the most talented and prestigious names in the field of energy, aerospace and commerce. ( Space Energy Team ). It also had tier one partners in all aspects of commercial business and compliance. ( Space Energy Partners )

In 2010, Space Energy successfully hosted the Sichuan Governments International Clean Energy Conference in China (Click here). This resulted in a purchase agreement to purchase the energy from Space Energy’s first commercial satellite, supported by a bilingual draft power purchase agreement prepared by Space Energy’s and the Chinese Government’s Lawyers.

Space Energy also branched into the terrestrial based solar market with a view to developing ground based solar in various countries including the U.S., India, Africa and the Middle East. (Click Here) This would enable the company to self-finance the large investment required in developing the SBSP low-earth orbit demonstrator and proof of concept. This resulted in a multimillion dollar offer from the global giant AES which Space Energy refused as it felt there was more profit in owning the project itself.
In addition, Space Energy set up a minerals division to broker the sale of yellow cake uranium from The Namibian Government to The Dong Feng Corporation of China as part of China’s nuclear power programme. ( Click Here ).

In late 2010, Space Energy’s ground based division suffered a setback days before it was due to complete its first major project. This was a result of the Euro crisis which caused their merchant bank, Natixis, to re-evaluate the project finance agreement. This led to a legal dispute in the U.S. and the subsequent and unfortunate closure of the Swiss & U.S. Division.

In Dec 2010 through to 2013, Space Energy continued to pursue ground and space-based projects with many milestones achieved. In an attempt to support cash-flow and protect investors, Space Energy also placed and sold various orders of IT equipment. These transactions were within the bounds of all agreements signed by Space Energy and were supported at various levels by the suppliers and buyers themselves.

In 2013, Space Energy secured its first Power Purchase Agreement (PPA) via its joint development partner, Swara, to build a 1MW plant in Rajasthan.

Shortly afterwards, the company suffered a major loss having been targeted by organized criminals who posed as legitimate buyers of one of the IT purchasing deals. This caused a debt to Space Energy of £1.8m. The main people responsible for perpetrating the fraud were Gary Massingham, Eddie Ellis, Paul Cummings, Mark Jones and Neil Percival.

Despite extensive personal efforts and substantial personal investment by Mr. Sage in the recovery of the debt, the company could not trade out of the loss and was eventually forced to cease trading. 

Status Comment / Notes

Google Drive - Space Energy Historical

Similar Organizations

X-Charge

Resources - Energy, Power Beaming, Space Solar Power, In-Orbit Data Storage, In-Orbit Computing

3K SpaceTech

Dormant, Early stage

1000 Planets

Space Solar Power

1000 Planets

Dormant

Archimedes

Space Solar Power, Power Beaming

Above Space (Orbital Assembly)

Development

Space Solar Power, Power Beaming

Airbus

Concept

Orbital Solar

Space Solar Power, Power Beaming, Resources - Energy

Alvior

Dormant, Early stage

Space Solar Power, Power Beaming

ARTEMIS Innovation

Concept

Space Solar Power

Arthur D. Little

Concept

Space Solar Power, Power Beaming, Space Elevator

Astrostrom

Development

Space Solar Power, Power Beaming

BEAM Co

Development

Space Solar Power, Power Beaming

Celestia Energy

Early stage

Space Solar Power

Emerald Telecommunications

Concept

Power Beaming, Resources - Energy, Space Solar Power

Emrod

Development

Power Beaming, Space Solar Power

EnergySpace Company

Dormant, Early stage

Power Beaming, Resources - Energy, Space Solar Power

Entropy Research and Development

Dormant, Early stage

Space Solar Power

Frazer-Nash Consultancy

Concept

Infinity Energy

Space Solar Power

Infinity Energy

Early stage

Space Solar Power

Insta-Grid

Concept

CASSIOPeiA

Space Solar Power, Power Beaming

International Electric Company

Concept

Space Solar Power, Power Beaming

Japan Space Systems

Development

Space Solar Power

JX Crystals

Concept

Space Solar Power, Power Beaming

Karman+

Development

Resources - Energy, Power Beaming, Space Solar Power

KESE

Concept

Space Solar Power, Power Beaming

Metasat UK

Development

Space Solar Power Incremental Demonstrations and Research (SSPIDR)

Space Solar Power, Resources - Energy

Northrop Grumman

Development

OHB

Space Solar Power

OHB

Concept

Orbital Genesis

Space Solar Power, Power Beaming

Orbital Genesis

Early stage

Orbital Power Corporation

Space Solar Power, Power Beaming

Orbital Power Corporation

Dormant

Space Solar Power, Power Beaming, Lunar Power Service, Resources - Energy

ORiS (Orbital Recharge in Space)

Development

Space Solar Power, Power Beaming

Overview Energy

Development

Space Solar Power, Power Beaming

ParaLoon

Development

Space Solar Power, Power Beaming

PowerSat

Early stage, Dormant

Power Beaming, Resources - Energy, Lunar Electric Grid, Space Solar Power

Pulse Space (Litepulse)

Early stage

Power Beaming, Space Solar Power

ReBeam (Vrisva Space)

Dormant, Idea

Space Solar Power, Power Beaming

Reflect Orbital (Tons of Mirrors)

Development

Breakthrough

In-Space Assembly, Microgravity Flight Service (LEO), Space Solar Power

ROVIAL

Development

Space Solar Power, Robotic Arm, In-Space Assembly, Space Robotics

Satellite Applications Catapult

Concept

Power Beaming, Space Solar Power, Resources - Water

Sirin Orbital Systems

Early stage

Power Beaming, Space Solar Power

SKYCHARGE Services Corp (Cavu Aerospace)

Concept

SPS-ALPHA

Space Solar Power, Power Beaming

Solar Space Technologies

Early stage

Resources - Asteroid Mining, Space Solar Power

Solar System Resources Corporation

Early stage

Space Solar Power, Power Beaming

Solaren

Development

Resources - Energy, Space Solar Power, Hardware

Solestial

Concept, Development

Skybeam

Space Solar Power, In-Space Assembly

Space Applications Services

Concept

Commercial Space Station, Space Tug, Space Tourism Activities, Space Solar Power

Space Island Group

Dormant

Resources - Energy, Space Solar Power, Power Beaming

Space Power

Development

CASSIOPeiA

Space Solar Power, Power Beaming

Space Solar

Development

Space Tourism Activities, Space Solar Power, Power Beaming

Spacians

Dormant, Early stage

Star Catcher Network

Space Solar Power

Star Catcher

Development

Project SEEE

Resources - Energy, Space Solar Power, Power Beaming

Stellarion Energy  (STELLA)

Dormant, Concept

Receiv'Air

Space Solar Power, Power Beaming

Thales Alenia Space

Concept

Space Solar Power, Power Beaming, Resources - Energy

Virtus Solis

Development

X-Charge

Resources - Energy, Power Beaming, Space Solar Power, In-Orbit Data Storage, In-Orbit Computing

3K SpaceTech

Dormant, Early stage

Archimedes

Space Solar Power, Power Beaming

Above Space (Orbital Assembly)

Development

Space Solar Power, Power Beaming

Airbus

Concept

Orbital Solar

Space Solar Power, Power Beaming, Resources - Energy

Alvior

Dormant, Early stage

Power Beaming, Resources - Energy

Aphelia Space

Development

Power Beaming, Resources - Energy

Aquila Earth

Development

Space Solar Power, Power Beaming

ARTEMIS Innovation

Concept

Space Solar Power, Power Beaming, Space Elevator

Astrostrom

Development

Space Solar Power, Power Beaming

BEAM Co

Development

Space Solar Power, Power Beaming

Celestia Energy

Early stage

Resources - Energy, Power Beaming

Draper Laboratory

Development

Electric Moon

Power Beaming

Electric Moon

Development

Power Beaming

Electric Sky

Development

Power Beaming, Resources - Energy, Space Solar Power

Emrod

Development

Power Beaming, Space Solar Power

EnergySpace Company

Dormant, Early stage

Power Beaming, Resources - Energy, Space Solar Power

Entropy Research and Development

Dormant, Early stage

CASSIOPeiA

Space Solar Power, Power Beaming

International Electric Company

Concept

Space Solar Power, Power Beaming

Japan Space Systems

Development

Space Solar Power, Power Beaming

Karman+

Development

Resources - Energy, Power Beaming, Space Solar Power

KESE

Concept

Active Debris Removal (ADR), Power Beaming, In-Space Assembly

Light Mirror

Early stage

Space Solar Power, Power Beaming

Metasat UK

Development

Orbital Genesis

Space Solar Power, Power Beaming

Orbital Genesis

Early stage

Orbital Power Corporation

Space Solar Power, Power Beaming

Orbital Power Corporation

Dormant

Space Solar Power, Power Beaming, Lunar Power Service, Resources - Energy

ORiS (Orbital Recharge in Space)

Development

Space Solar Power, Power Beaming

Overview Energy

Development

Space Solar Power, Power Beaming

ParaLoon

Development

Resources - Energy, Power Beaming

Photonicity

Early stage

Power Beaming, Resources - Energy

Powerlight

Development

Space Solar Power, Power Beaming

PowerSat

Early stage, Dormant

Power Beaming, Resources - Energy, Lunar Electric Grid, Space Solar Power

Pulse Space (Litepulse)

Early stage

Power Beaming, Space Solar Power

ReBeam (Vrisva Space)

Dormant, Idea

Space Solar Power, Power Beaming

Reflect Orbital (Tons of Mirrors)

Development

Resources - Energy, Power Beaming

Roland Berger

Concept

RTX

Resources - Energy, Power Beaming

RTX Corporation (Raytheon)

Development

Luna Ring

Resources - Energy, Power Beaming, Hardware

Shimizu Corporation

Concept

Power Beaming, Space Solar Power, Resources - Water

Sirin Orbital Systems

Early stage

Power Beaming, Space Solar Power

SKYCHARGE Services Corp (Cavu Aerospace)

Concept

SPS-ALPHA

Space Solar Power, Power Beaming

Solar Space Technologies

Early stage

Resources - Energy, Power Beaming

Solar.Space

Dormant, Idea

Space Solar Power, Power Beaming

Solaren

Development

Resources - Energy, Space Solar Power, Power Beaming

Space Power

Development

CASSIOPeiA

Space Solar Power, Power Beaming

Space Solar

Development

In-Space Manufacturing, In-Space Assembly, Docking, Hardware, Power Beaming

Spacebilt (SkyCorp)

Development

Resources - Energy, Power Beaming

Spacefaring Services

Dormant

Space Tourism Activities, Space Solar Power, Power Beaming

Spacians

Dormant, Early stage

Project SEEE

Resources - Energy, Space Solar Power, Power Beaming

Stellarion Energy  (STELLA)

Dormant, Concept

MPR (Mobile Power Rover)

Commercial Rover, Power Beaming, Resources - Energy

STELLS

Development

Resources - Energy, Power Beaming

SunCubes

Development

Receiv'Air

Space Solar Power, Power Beaming

Thales Alenia Space

Concept

Resources - Energy, Power Beaming

The Lunar Grid

Dormant

Space Solar Power, Power Beaming, Resources - Energy

Virtus Solis

Development

Power Beaming, Resources - Energy, Lunar Electric Grid

Volta Space Technologies (Eternal Light)

Development

Resources - Energy, Power Beaming

XISP (Xtraordinary Innovative Space Partnerships)

Early stage