Ning reykjavik solar energy storage base

Does Reykjavik Energy have a space-based solar power plant?

Space Solar, global leader in space-based solar power, in collaboration with Transition Labs, have announced an agreement to provide Reykjavik Energy with electricity from the first-ever space-based solar power plant.

Will Space Solar Power Reykjavik Energy in 2030?

Space Solar has secured an agreement with Reykjavik Energy to provide electricity from a space-based solar plant in 2030. There is a letter of intent in place between the UK-based startup and the Icelandic utility, with Space Solar expecting to transmit solar energy from orbit within five years.

Could space solar be a source of electricity in Iceland?

Sam Adlen, co-CEO and executive director at Space Solar, told pv magazine the startup has already started identifying potential sites in Iceland where receivers could be located for electricity beamed from space, working in partnership with Reykjavik Energy and local cleantech consultancy Transition Labs.

What type of energy does Reykjavik use?

Hydropower is prominent in Reykjavik's energy mix (mostly sourced from hydroelectric dams built on glacial rivers), and the rest of Reykjavik's electricity is sourced from geothermal power plants. - Most of the renewable energy for heating buildings produced in Reykjavik is geothermal energy.

Could 8 GW of space-based solar power save £4 billion a year?

The independent analysis by Imperial College London indicates that the inclusion of 8 GW of space-based solar energy in the UK’s energy mix could deliver over £4 billion in reduced system costs annually. Martin Soltau, co-CEO of Space Solar: “Space-based solar power offers unparalleled benefits with competitive energy costs and 24/7 availability.

Can space-based solar power drive the energy transition?

Martin Soltau, co-CEO of Space Solar: “Space-based solar power offers unparalleled benefits with competitive energy costs and 24/7 availability. Reykjavik Energy’s recognition of the potential for space-based solar to drive the energy transition is exciting, and we’re thrilled to be working together in partnership toward a sustainable future.”