Energy Crisis Lifeline: Power Plant in SPACE Will Put UK ‘Ahead of’ China and Russia | Science | New

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As the energy crisis continues to send shocks across the country, with millions facing fuel poverty, a stunning new initiative could provide a crucial lifeline later. The Space Energy Initiative (SEI) is an exciting new project that could see Britain install the first power station in space by 2035. It will be made up of satellites with lightweight solar panels and a mirror system to concentrate sunlight on the panels, generating about 3.4 GW of electricity on the satellite.

By the mid-2040s, the power generated by the space station could reach 30 GW, representing up to 30% of UK electricity demand.

It comes as the country scrambles to find alternatives to gas as soaring global fuel prices continue to send bills skyrocketing in Britain.

As other countries prepare similar initiatives, such as Japan and Canada, there is one aspect of the project that gives the UK “a head start”, according to Tory MP Mark Garnier.

Mr Garnier, who is also chairman of the SEI advisory board, told Express.co.uk: “Where we are ahead of the game is that what we are offering is something that is much more towards trade.

“The (space programs) of China and Russia are generally run by the government.

“What we offer is essentially commercial space. So that’s what somebody like Elon Musk or Jeff Bezos and those kind of people (did).

Mr Musk, the CEO of SpaceX, has been hailed for changing the face of the US space industry.

Since its launch in 2002, the company has regularly launched and landed rockets carrying massive payloads for a wide range of space customers, including NASA and the United States Space Force.

Mr. Garnier now hopes to follow Mr. Musk’s lead.

READ MORE: End of the world: Musk sends doomsday warning about ‘greatest threat…

And according to Sanjeev Gordhan, general partner at US firm Venture Capital Fund Type One, Britain’s booming space sector is certainly something that Mr Musk has taken an interest in.

The UK’s space sector is growing rapidly, valued at around £14.8 billion a year. Revenue from the sector soared in nominal terms last year from £16.4bn to £16.5bn, with exports accounting for around a third of 32% of that total, according to the Space Agency British.

When asked by Express.co.uk whether Mr Musk and Mr Bezos would get involved, Mr Gordhan replied: “It’s already on their radar.

“We know it’s already on their radar because there are a few indirect opportunities we provide to these types of individuals.”


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