Reflect Orbital, a new startup, plans to monetize solar energy by providing sunlight to solar farms 24 hours a day.
Reflect Orbital is planning to develop a constellation of satellites that will reflect sunlight to solar farms during nighttime hours, transforming the efficiency and reach of solar energy generation.
This approach addresses the key limitations of solar power: its dependence on daylight. By extending the availability of sunlight to solar farms, enabled by advancements in space technology, Reflect Orbital's technology can significantly increase the contribution of solar energy to the global energy mix.
Reflect Orbital is currently designing its first satellite, marking the next phase in its mission to harness space-based solar power.
This technology not only has the potential to transform the renewable energy sector but also raises questions about the future of energy infrastructure and the role of space in supporting sustainable development.
Efficient transmission of energy over long distances from space or high altitudes remains a challenge. Additionally, the environmental impact of beaming concentrated solar energy through the atmosphere needs careful consideration.
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ATCO, an energy and utilities conglomerate, has acquired Suncor Energy Inc.'s wind and solar assets across Alberta and Ontario and forged a renewable energy deal with Microsoft. This partnership highlights Microsoft’s decarbonization goals and the strength of ATCO’s green power infrastructure.
ATCO and Microsoft working together could catalyze further investments from big tech and can accelerate the expansion of alternative energy sources.
"Today represents two big steps forward on our commitment to become a leader in decarbonization," said Bob Myles, Executive Vice President, Corporate Development, ATCO.
As ATCO expands its renewable energy footprint, anticipate a surge in similar partnerships between energy and tech firms. This trend not only paves the way for a decarbonized future but also sets a new standard in corporate responsibility.
Contrary to the belief that traditional energy companies might lag in renewable adoption, ATCO's move proves otherwise, signaling a shift in industry priorities.
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