Beaming Solar Energy to Spacecraft in Orbit: Star Catcher Industries Space Power Grid Revolution
Star Catcher Industries (“Star Catcher”), a startup focusing on energy generation in space, has concluded its seed financing round, raising a total of USD $12.25 million to develop the first space-based energy grid.
Given the increasing geographic concentration of customers in low-Earth orbit (“LEO”) and the rising need for power, Star Catcher aims to deliver broad solar spectrum energy on demand to each client’s spacecraft solar arrays. The popularity of LEO’s is due to its close proximity to Earth, which facilitates convenient transportation, communication, observation, and resupply. Being near Earth’s surface allows satellites to capture high resolution images and simplifies the transportation of astronauts to and from the International Space Station (“ISS”).
Currently, energy demand is outpacing supply due to decreasing satellite launch costs and the limited capacity of existing solar panels and batteries. The novel energy grid will provide higher concentrations of energy than the sun to existing solar arrays. This advancement will address the needs of high-performing, power-intensive applications in space, including space-based communications, orbit computing, remote sensing, human spaceflight, and national security applications.
CEO Andrew Rush stated, “being able to buy power for your spacecraft whenever and wherever you need it in LEO will expand opportunity and accelerate humanity realizing the potential of the second golden age of space.” Customers may purchase power on an annual subscription or on an as-needed basis.
The seed funding will be used to validate and demonstrate its power beaming services for customers. Initial ground demonstrations will prove their ability to collect power from the sun and transmit the solar spectrum energy to satellites. Following this, an on-orbit demonstration is planned for late 2025 to showcase the viability of their plans with client satellites. Additionally, Star Catcher intends to utilize the financing to double its 11-person staff.
Author: Jenna Principe, 2024 Summer Student-At-Law
Photo Credit: istock.com/Brandon Woyshnis.
Expertise
Insights
-
Technology
How Sniff is Rethinking Local Social Networking
A new iOS app called Sniff is taking a different approach to social networking by connecting dog owners within the same neighbourhood. Rather than encouraging users to build broad online communities… -
Technology
Self-Driving Car Service, Waymo, has Eyes on Toronto
The fully autonomous ridesharing service, Waymo, is looking to add a new ridesharing option for Torontonians with self-driving vehicles. Waymo is a driverless taxi service where users can hail an… -
Technology
Is Honor Device Co. Honourable Enough to Win Canada Over?
Four years after Canada shut Huawei out of its 5G networks, one of its former subsidiaries is hoping for a second chance in the Canadian market. Honor Device Co., a Chinese consumer electronics… -
Technology
Xanadu Quantum: the Frontier of Practical Quantum Computing
Quantum computers have long been promised to reshape the leading edge of computing technology, facilitating machines capable of completing operations unthinkably time-intensive for classical computers… -
Technology
Google’s Next Chapter in Wearable Health Tech: The Google Fitbit Air
Another day, another wearable technology product is hitting the market, but this one arrives with the weight of Google behind it and a price designed to undercut the competition.Back in January… -
Technology
Canada Proposes an Under-16 Social Media Ban
The Canadian federal government recently introduced the Safe Social Media Act in Parliament. If the bill is successful, Canadian children under the age of 16 will no longer be able to have accounts on…