Space-based solar power is a renewable energy that is an alternative to all other forms of energy production. It takes on a new approach that pushes energy production off-world. Energy is harnessed and beamed down to a ground receiver via microwaves which is then sent to the grid and distributed to people across the country, and even globe. While the technology is new and still in the research and development stages, the ability is there. An economic analysis of the various technology yields levelized costs of energy comparable to current prices—under $.10/kWh. The markets and profits for this type of technology are abundant, ranging from commercial to military uses, with profits in the millions to billions of dollars. The environmental impacts are low compared to current energy production methods. The potential is great, the technology is close, and the future is near.
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