PowerSat Files Patent App for Space Solar Power Technology | Parabolic Arc

By Doug Messier (via Earth2Tech.com), Posted 06/17/09

Link: http://www.parabolicarc.com/2009/06/17/powersat-files-patent-app-space-solar-...

"Solar from space: It may sound like a bad sci-fi movie, but a growing number of companies think it could solve the world’s energy crisis. Among them is Everett, Wash.-based PowerSat Corp., which said today it’s filed a provisional patent for two technologies it claims could help make the transmission of solar power from space more cost-effective. CEO William Maness also told us that the 8-year-old company has received commitments for $3-$5 million in angel funding, which it’s using to develop wireless power demonstrations on Earth, and is currently in negotiations for a first venture round in the single-digit millions. The PowerSat news comes after Manhattan Beach, Calif.-based Solaren, another space solar company, in April signed a deal to provide power to northern California utility PG&E. And Swiss startup Space Energy recently said it’s working to launch a prototype satellite into space in 2-3 years."