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News
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Space Energy Newsletter December 200917-Dec-2009In This Issue:Space Energy Progress Report:
Industry News:
Space Energy Progress Report:While 2009 may be drawing to a close, December has certainly been as busy as ever for Space Energy with our team attending a number of high profile conferences and significant international events, including hosting royalty in Dubai! As our regular readers will know, this year has seen tremendous progress for Space Energy on almost every front, and we would like to thank every one of you for your interest, encouragement and support this year. It is an understatement to say we are looking forward with much anticipation to 2010.We would also like to take this opportunity to wish everyone a wonderful Christmas and very Happy New Year! Space Energy Hosts Royalty in DubaiHer Royal Highness the Princess of Hanover, Princess Caroline of Monaco, and Her Majesty Queen Silvia of the Buganda Kingdom of Africa recently completed an official tour of Dubai, which was coordinated and hosted by Space Energy’s Board Member and Senior Vice President of Business Development, Mr Fadi Khoury. Space Energy’s principals, Stephan Tennsel and Peter Sage, were there to support Mr. Khoury’s hospitality mission, along with Eileen Meehan, and attended two other events with both Queen Silvia and The Princess. The royal events were held over a three day period during the official visit, incorporating meetings with many senior officials, Sheikhs and prominent members of society.As President of the children’s charity, AMADE Mondiale, Princess Caroline was promoting the international rights of children and raising global awareness of critical issues that overwhelmingly affect youth. She was both intrigued and fascinated with the vision of Space Energy, and the implications of SBSP as an integral component of the world’s future energy sources. This was echoed by Queen Silvia, who immediately grasped the enormous benefits that an energy source such as SBSP could bring and how it would directly benefit and enhance the lives of millions of people, particularly in Sub-Saharan Africa.
3rd Annual CleanTech Forum in BeijingEarlier this month, Space Energy travelled to Beijing, China, to attend the 3rd annual CleanTech Forum. Space Energy is a valued member of CleanTech, and plans to attend and speak at the upcoming forums in both San Francisco and Paris. The Space Show Invites Space Energy to Talk BusinessLast week saw one of Space Energy’s principals and co-founders, Peter Sage, interviewed on the highly popular ‘Space Show’. This international radio show, hosted by 'The Larry King' of Space, Dr. David Livingston, discusses, among other things, the important issues influencing the development of space commerce and space tourism. Relive Solar Power International 2009As reported in October’s newsletter, Space Energy attended America’s largest solar event - Solar Power International. This year’s event boasted a record breaking attendance of over 24,000 industry professionals and over 3,000 visitors on the Open-to-the-Public night. Space Energy invited to World Future Energy Summit 2010Since its debut in 2008, The World Future Energy Summit has quickly been established as one of the world’s must-attend events in future energy, billing itself as an “unmissable networking and business opportunity for the energy and environment communities”. The four day summit will revolve around over 30 conference sessions drawing on the expertise of over 200 international authorities and tackling such issues as future energy tactics, policies and technologies. TEDx Events continue to InspireSpace Energy recently highlighted a presentation given by Peter Sage, Co-Founder & Director of Global Communications for Space Energy, featured at a London TEDx event in October. This presentation is now available to view on YouTube here, as well as on our website. INDUSTRY NEWSCalifornia Regulators OK PG&E Contract For Space-Based Solar PowerIn an important decision that is another legitimizing milestone for the SBSP community, the California Public Utilities Commission (CPUC) has recently sanctioned the large state utility firm, PG&E, to purchase energy supplied by Space Based Solar Power from the Solaren Corporation. (Click here to see the government resolution). Price for Solar Desert Project tops half a Trillion DollarsA resourceful plan to generate solar energy in the Sahara, drawing on investments of more than $570bn, endeavours to supply Europe with 15% of its total energy needs by 2050. The plan announced by the Desertec Foundation, started by Prince Hassan bin Talal of Jordan, aims to harness concentrated solar power (CSP) from massive mirror-like structures to produce up to 550 gigawatts of electricity over the next 40 years. Installations will initially be located in the northern Sahara desert before advancing to other Middle Eastern deserts. Source: The Middle East Magazine. When looking at the cost of building and launching an SBSP system, most people think the established cost of $16-$20 billion dollars for the first GW satellite seems high, (although further investigation will point to a close comparison with nuclear when full cost accounting is taken into account.) Some also think that energy contracts in the region of $200B are too large to be negotiated. However, as in all cases, once proper perspective is used, it becomes a much more realistic prospect. In a $2 trillion a year market, an investment of $570B for a 40 year solar project is not only feasible but, as in this case, a reality. A $570B investment in SBSP over the same period would produce a global network of satellites generating hundreds of Gigawatts of constant, reliable, inexhaustible clean energy with a far higher return on investment, both in profitability and global benefit. Obama makes a bold statement in pushing for U.S. energy leadershipU.S. President Barack Obama highlighted the importance of the US becoming the world leader in new energy technology in a speech at the Massachusetts Institute of Technology. The speech was also a platform to press for passage of comprehensive energy legislation to make renewable energy profitable. He has echoed these sentiments numerous times, most recently at the Cop 15 conference where he stated: “We can either remain the world’s leading importer of oil, or we can become the world’s leading exporter of clean energy technology” - Read more here. Beijing seeks a head start in the race to go greenA Chinese task force, comprising of local and international experts from a wide variety of sources, has devised a low carbon outline to be included in China’s 12th five-year plan. The goal is to guide China towards a low-carbon economy by utilizing new technologies and introducing energy saving measures and new energy sources. Copenhagen Climate Change Conference 2009December 2009 marks an impressive milestone in global climate change awareness, bringing together one of the largest and most influential delegations of World Leaders in history. Some 192 countries are attending the 2009 UN climate change conference in Copenhagen from 7 – 18 December. The comprehensive 2 week talks aim to coordinate an accord to help better protect and conserve the world from the ongoing effects of global warming. SunTech Power to Open Plant in ArizonaChina’s largest solar panel manufacturer, Suntech Power, announced plans earlier this month to open its first American plant near Phoenix. Suntech had been publicly considering a manufacturing site in the United States for several years, said Mr Roger Efird, Managing Director of Suntech. Although the cost of the plant was not divulged, it was confirmed that Suntech has applied for a 30 percent investment tax credit from the stimulus package that applies to solar manufacturing in the United States. Read more here. QUOTES OF THE MONTH
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