Solaren Corporation Announces the Next Phase of their Space Solar Development Program

June 8, 2016

MANHATTAN BEACH, June 8, 2016 – Solaren Corporation (“Solaren”) has announced the next phase of it’s space solar power (SSP) plant development program – The Space Solar Engineering Design and Demonstration Phase.

This year, Solaren anticipates the completion of an investment round, which would fully fund our multi-million dollar SSP Engineering Design & Demonstration Phase. Key activities are to: 1) develop and optimize space qualified power components and measure power subsystem performance, 2) perform SSP Plant system design studies, 3) optimize the SSP plant design, and 4) generate design requirements and complete System Requirements Review (SRR).

Solaren has engineered zero emission electricity from space that is cost competitive with any terrestrial source of baseload electricity. Solaren will design, develop, integrate, test and certify Space Solar Power (SSP) plants for operations. In the coming decade, Solaren will perform unprecedented components, subsystems and systems testing, both on the ground and in space, to validate all aspects of our SSP Plants. The multi-billion dollar SSP development program culminates with the launch of the Solaren solar power satellites, operational certification of the SSP Ground Receive Station, and start of commercial operations and sales of electricity from our 250 MW SSP Plant.

About Solaren

Headquartered in Manhattan Beach, California, Solaren is an energy and aerospace company that is principally engaged in the research, design, development, integration and operations of space solar power plants, and the sale of clean baseload space solar electricity.

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