Oderinwale, T. and McInnes, C. R. (2022) Economic Feasibility of Alternative Technological Concepts to Harness Renewable Energy from Space. In: 11th International Conference on Renewable Power Generation - Meeting net zero carbon (RPG 2022), London, UK, 22-23 Sept 2022, pp. 130-134. ISBN 9781839537899 (doi: 10.1049/icp.2022.1687)
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Abstract
The provision of global renewable energy services is a key challenge of the 21st century. Space sector resources have contributed immensely to the advancement of the information and communications industries, environmental monitoring and Earth observation and hold enormous potential to enhance the provision of global renewable energy services. Energy from space technologies have been assessed in the research literature using two distinct technological concepts namely orbiting solar reflectors (OSR) and solar power satellites (SPS). However, previous studies have discussed these two technological concepts separately, focusing on either one of them. In this paper, we analyse the long-term economic feasibility of OSR and SPS for utility-scale electricity generation of approximately 2 GW under a trend of falling Earth to orbit transportation costs. We evaluate their net present value and assess the conditions for which these technologies will become economically viable. We also discuss the prospects of a reduction in Earth to orbit transportation costs and discount rate to improve the economic feasibility of energy from space technologies.
| Item Type: | Conference Proceedings |
|---|---|
| Additional Information: | This project has received funding from the European Research Council (ERC) under the European Union's Horizon 2020 research and innovation programme (grant agreement No. 883730). CRM is also supported by the Royal Academy of Engineering under the Chair in Emerging Technologies scheme. |
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Oderinwale, Dr Temitayo and McInnes, Professor Colin |
| Authors: | Oderinwale, T., and McInnes, C. R. |
| College/School: | College of Science and Engineering > School of Engineering > Systems Power and Energy |
| ISBN: | 9781839537899 |
| Copyright Holders: | Copyright © 2022 IEEE |
| First Published: | First published in Proceedings of the 11th International Conference on Renewable Power Generation - Meeting net zero carbon (RPG 2022) |
| Publisher Policy: | Reproduced in accordance with the copyright policy of the publisher |
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