{"id":33848,"date":"2023-06-13T13:19:37","date_gmt":"2023-06-13T12:19:37","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=33848"},"modified":"2023-06-13T13:19:37","modified_gmt":"2023-06-13T12:19:37","slug":"blast-off-for-uk-space-based-solar-power-with-4-3m-government-funding","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/blast-off-for-uk-space-based-solar-power-with-4-3m-government-funding\/33848\/","title":{"rendered":"Blast off for UK space-based solar power with \u00a34.3m government funding"},"content":{"rendered":"

The UK Government has announced it will fund \u00a34.3m to advance the country\u2019s space-based solar power capabilities.<\/h2>\n

The investment will support eight UK projects developing cutting-edge space-based solar power technologies. Such innovations will help reinforce the UK\u2019s energy security and broaden its clean energy portfolio.<\/p>\n

Space-based solar power collects energy from the Sun using solar panels located on satellites. The energy is then transported back down to Earth via wireless technology, providing an endless supply of clean energy.<\/p>\n

Announced today by UK Energy Security Secretary Grant Shapps at London Tech Week, the \u00a34.3m funding includes \u00a33.3m from the Department for Energy Security and Net Zero and \u00a31m from the UK Space Agency.<\/p>\n

Commenting on the development, Shapps said: \u201cI want the UK to boldly go where no country has gone before – boosting our energy security by getting our power directly from space.<\/p>\n

\u201cWe\u2019re taking a giant leap by backing the development of this exciting technology and putting the UK at the forefront of this rapidly emerging industry<\/a> as it prepares for launch.<\/p>\n

\u201cBy winning this new space race, we can transform the way we power our nation and provide cheaper, cleaner and more secure energy for generations to come.\u201d<\/p>\n

Which projects have been selected?<\/h3>\n

The eight projects awarded funding from the Space Based Solar Power Innovation Competition<\/a>, part of the \u00a31bn Net Zero Innovation Portfolio, include:<\/p>\n