Business Description: Headquartered in Manhattan Beach, CA, Solaren is a combination energy and aerospace company that is engaged in the design, development, integration, deployment and operation of space solar power plants. Solaren’s business model is to own and operate its space solar power plants and sell baseload electricity to utility and government customers.
Market Forecast: The US Department of Energy (DOE) projects that demand for electricity in 2045 will grow by 33% in the US and 101% worldwide. Climate change and environmental concerns will drive the need for renewable electricity generation at the expense of fossil fuels. Resource demands, especially water, will place a premium on the most efficient forms of generation. Baseload (24/7) power sources will continue to provide the vast majority of electricity generation.
Solaren is led by Gary T. Spirnak, Founder, Chairman, President & Chief Executive Officer.
Our Mission: Create and Deliver Cost Competitive Space Electricity – Provide clean power for the planet, high reliability electricity generation for our customers and outstanding returns for our investors. Design, develop, launch, and operate the world’s first Space Solar Power (SSP) plants. Deliver environmentally-safe, and clean SSP-generated electricity 24/7 at prices competitive with coal, natural gas and nuclear generation.
Our Vision: Complete the engineering development and fabrication of the world’s first space solar power (SSP) plant, start commercial operations, and deliver zero-carbon baseload electricity to commercial customers within the next decade. During the following two decades, build and deploy SSP plants worldwide with hundreds of gigawatts of clean, baseload capacity that will significantly move the needle on global climate change.