Solaren
Solaren Corporation is a privately held Manhattan Beach, California-based aerospace and energy company developing space solar power plants that collect solar energy in geostationary orbit and beam it as radio frequency to ground stations for 24/7 baseload electricity sales to utilities and governments under long-term PPAs; the company is pre-revenue with a first 250 MW commercial plant targeted within the decade.
- Company typePrivate
- Founded2006
- HeadquartersManhattan Beach, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Solaren does
Solaren Corporation is a privately held, Manhattan Beach, California-based energy and aerospace company developing space solar power (SSP) plants. The company's core technology collects solar energy in geostationary Earth orbit via Solar Power Satellites (SPS), converts the electricity to radio frequency (RF) energy, beams it to Earth-based Ground Receive Stations (GRS), and converts the RF directly into grid-deliverable electricity. The system is designed to deliver 24/7 dispatchable baseload power, with claimed zero CO2 emissions per MWh, 8–13% of the waste heat of conventional baseload plants, and no water consumption for thermal cooling. The architecture rests on a patented ultra-lightweight SSP satellite design reported to be an order of magnitude lighter than prior gigawatt-class concepts, with corresponding patents granted in the United States, European Union, China, Japan, India, Canada, Russia, and Brazil.
The planned product portfolio comprises a megawatt-class SSP prototype targeted for mid-2020s launch, a first commercial 250 MW plant intended to deliver baseload electricity to California, and follow-on production plants at 250–2,000 MW per Ground Receive Station. Supporting groups include an SSP Plant Command and Control Center, an Electricity Sales Group, and an Advanced SSP Technology Group pursuing improvements in solar cells, solid-state power amplifiers, ground receive antennas, ultralight structures, and thermal management. The business model is to own and operate SSP plants and sell baseload electricity under long-term (15–25 year) power purchase agreements (PPAs) with electric utilities and government customers at wholesale renewable pricing plus a premium for assured supply.
Solaren is pre-revenue and operates with 1–10 employees. A first-of-kind PPA with Pacific Gas & Electric, originally targeted for 2016–2018 delivery, was mutually terminated in 2015 due to inability to secure commercial financing following the banking crisis. Space solar power has been certified by the California Energy Commission as a Renewable Portfolio Standard-eligible solar resource, and the company was approved as a California solar energy provider. Cumulative disclosed funding is approximately $5 million, including a $2.5 million Series D initial closing in Q1 2023 and a related SEC Form D exempt offering of $5,004,000. Leadership includes Founder/Chairman/President/CEO Gary T. Spirnak (formerly Boeing Satellite Systems, Hughes, US Air Force) and Co-Founder/Chief Engineer Dr. James E. Rogers (formerly Hughes Aircraft, four spacecraft patents), with Michael R. Peevey (former CPUC President and former SCE President) joining the Board of Directors in June 2023.
Solaren firmographics
Firmographics- Name
- Solaren
- Legal name
- Solaren Corporation
- Website
- https://solarenspace.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Solaren Corporation is a privately held Manhattan Beach, California-based aerospace and energy company developing space solar power plants that collect solar energy in geostationary orbit and beam it as radio frequency to ground stations for 24/7 baseload electricity sales to utilities and governments under long-term PPAs; the company is pre-revenue with a first 250 MW commercial plant targeted within the decade.
- Ownership category
- akta.pro rank
Solaren industry classification
Industry- Product category
- Space Solar Power Generation
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC)
- akta.pro secondary industry
- Solar Design, Engineering & Performance Software (PV Modeling, Digital Twins, Monitoring) (EUAMABAH)
Keywords
Where Solaren is headquartered
LocationHeadquarters
- HQ city
- Manhattan Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Solaren business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Baseload Electricity Sales via PPAs: Solaren generates revenue by selling baseload (24/7) electricity to utility and government customers through long-term power purchase agreements (PPAs) typically lasting 15-25 years. Electricity pricing is typically wholesale renewable pricing plus a premium for long-term assured supply. The company owns and operates its space solar power plants.
- Space Solar Power Plant Ownership and Operations: Solaren's business model is to own and operate its space solar power plants and sell baseload electricity to utility and government customers. The company retains ownership of the solar power satellites and ground receive stations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Baseload Power Purchase Agreement - Long-term electricity supply contract for 24/7 renewable power delivery. |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Solaren product offering
Product offeringCore offering
Solaren designs, develops, integrates, launches, and plans to operate Space Solar Power (SSP) plants. Solar Power Satellites deployed in geostationary Earth orbit collect solar energy continuously (24/7), convert it to radio frequency (RF) energy, and beam it to Ground Receive Stations on Earth where RF is directly converted to electricity and delivered through the grid. The company sells this baseload renewable electricity to utilities and government customers via long-term (15–25 year) Power Purchase Agreements.
Product overview
Solaren is an energy and aerospace company developing space solar power (SSP) plants. The company offers a unified system comprised of three core components: Solar Power Satellites (SPS) deployed in geostationary Earth orbit that collect solar energy 24/7, Ground Receive Stations (GRS) that convert RF power beams to electricity for delivery to utilities, and an SSP Plant Command and Control Center for operations management. Supporting these is the Electricity Sales Group for long-term power purchase agreements and the Advanced SSP Technology Group for R&D on efficiency improvements. The company plans a 250 MW SSP Plant as its first commercial demonstration, with follow-on gigawatt-class Production plants planned.
Differentiator
Problem solved
Functional benefit
Products and services
- Space Solar Power (SSP) Plant An integrated Space Solar Power plant that collects solar energy in geostationary Earth orbit (GEO) 24 hours a day, converts it to radio frequency (RF) power, beams it to a Ground Receive Station on Earth, and directly converts the RF beam to electricity for grid delivery; operated by Solaren for baseload power supply to electric utilities and government customers under 15–25 year Power Purchase Agreements.
- Baseload Electricity Supply via Long-Term Power Purchase Agreements (PPAs) Long-term (typically 15–25 year) Power Purchase Agreement contracts to deliver clean, zero-carbon, renewable baseload electricity 24/7 to electric utilities or government customers, priced at wholesale renewable rates plus a premium for long-term assured supply.
- Solar Power Satellite (SPS) The orbital segment of the SSP plant deployed in geostationary Earth orbit that collects the Sun's energy via solar arrays, converts the electricity to RF energy, and transmits the RF power beam to the Ground Receive Station; owned and operated by Solaren as part of its integrated SSP plant offering.
- Ground Receive Station (GRS) Earth-based receiving station that collects the RF power beam transmitted from the Solar Power Satellite, directly converts RF energy to DC electricity without thermoelectric conversion, and delivers it to the customer via the power grid interconnect; planned capacities of 250–2,000 MW per station.
- SSP Plant Command and Control Center Secure operations facility that controls Solar Power Satellite systems, manages electricity delivery from the Ground Receive Station to customer delivery points, and monitors the end-to-end energy conversion chain from space to Earth; integral to Solaren's owned-and-operated SSP plant delivery model.
Quantifiable outcome
- 0 pounds of carbon dioxide per MWh vs. 1,000-2,000 lbs for fossil fuel plants
- +2 more outcomes
Companies that use Solaren
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Solaren technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Solaren partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Pacific Gas & Electric (PG&E)coreSolaren and PG&E signed the world's first power purchase agreement for space solar generated electricity, with delivery originally planned for 2016-2018 timeframe. The contract was mutually forgone in 2015 after Solaren was unable to obtain necessary commercial financing following the worldwide banking crisis. PG&E is one of California's largest electric utilities.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Solaren competitors and assessment
Company assessmentDirect peers
- PowerSat Corporation: Historical US-based space solar power startup that pursued orbital solar collectors and wireless power transmission to Earth. Closest historical direct peer to Solaren in attempting commercial SSP, sharing target customers (utilities) and a comparable RF beaming architecture approach.
- Virtus Solis (now Space Solar): UK-based startup developing space-based solar power with wireless power beaming to ground stations. Targets commercial SSP for 24/7 baseload power generation and shares Solaren's wireless RF beaming concept and utility-scale PPA go-to-market.
Emerging players
- Aetherflux: US space solar power startup founded around 2024 pursuing LEO-based solar collection with infrared laser transmission to ground. More recent entrant in the SSP category pursuing a different transmission modality (optical vs. RF) but comparable orbital collection and utility offtake model.
- Sunrun: US residential and commercial solar-plus-storage provider. Comparable in monetizing solar via long-duration subscription-like customer contracts but serves distributed rather than utility-scale baseload markets.
Broad incumbents
- First Solar: Large-scale US thin-film solar manufacturer and utility-scale solar project developer. Comparable in being a utility-scale solar developer, but terrestrial PV focused; useful benchmark for the renewable baseload competitor set Solaren must beat on cost and dispatchability.
- NextEra Energy Resources: Largest US renewable energy developer and operator with deep utility-scale solar and wind portfolio. Comparable go-to-market and customer set (IOUs signing long-term PPAs) but operates on a proven terrestrial model, making it the dominant incumbent Solaren must displace for utility capex dollars.
- Constellation Energy: Largest US operator of nuclear and fossil baseload generation, selling 24/7 dispatchable electricity via long-term contracts. Closest direct incumbent in the baseload PPA market Solaren targets for displacing coal, gas, and nuclear generation.
- Northrop Grumman: Major US defense and aerospace prime that has built and demonstrated prototype SSP technologies (Sandia/NRL reference designs) with deep GEO satellite and RF beaming heritage. The most credible well-capitalized aerospace peer in the SSP technology category.
Others
- Shoals Technologies Group: Supplier of balance-of-system components (cabling, combiner boxes, power electronics) for utility-scale solar plants. Comparable on the BOS hardware layer that Solaren's ground receive stations will require; potential supply chain partner or capability benchmark.
- Rocket Lab USA: US small and medium-lift launch provider and on-orbit spacecraft builder. Adjacent enabling player whose launch and satellite bus capabilities represent critical supply chain dependencies for Solaren's deployment roadmap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Solaren social profiles
Digital presenceSolaren compliance and trust
Trust signalCompliance10 records
Solaren financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solaren leadership team
Management profileNumber of profiles
Profiles3 records
Solaren funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solaren M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solaren
What does Solaren do?
Solaren designs, develops, integrates, launches, and plans to operate Space Solar Power (SSP) plants. Solar Power Satellites deployed in geostationary Earth orbit collect solar energy continuously (24/7), convert it to radio frequency (RF) energy, and beam it to Ground Receive Stations on Earth where RF is directly converted to electricity and delivered through the grid. The company sells this baseload renewable electricity to utilities and government customers via long-term (15–25 year) Power Purchase Agreements.
Is Solaren a public or private company?
Solaren is a private company. It is classified as venture growth investor backed and is currently operating.
When was Solaren founded?
Solaren was founded in 2006. It employs 1 to 10 people.
Where is Solaren based?
Solaren is headquartered in Manhattan Beach, United States, in the North America region.
How does Solaren make money?
Two revenue lines are on record. Baseload Electricity Sales via PPAs are the primary driver. The others are space Solar Power Plant Ownership and Operations.
Who are Solaren's main competitors?
Direct peers on record are PowerSat Corporation and Virtus Solis (now Space Solar). Emerging players are Aetherflux and Sunrun. Broad incumbents are First Solar, NextEra Energy Resources, Constellation Energy and Northrop Grumman. Others are Shoals Technologies Group and Rocket Lab USA.
Does Solaren have an API?
No public API is recorded for Solaren.
What industry is Solaren in?
Solaren's product category is Space Solar Power Generation. Its primary akta.pro industry code is EUACAGAC, PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations), with a secondary code of EUAMABAH, Solar Design, Engineering & Performance Software (PV Modeling, Digital Twins, Monitoring). Its NAICS code is 221114 and its SIC code is 4911.