TerraSpark, a developer of space-based solar energy
systems, has raised over €5 million in a pre-seed financing round. Investors
include Daphni, better ventures, the Hans(wo)men Group, and a group of
strategic business angels.
TerraSpark is developing a long-term approach to
energy generation based on space-based solar power, aiming to provide
continuous energy independent of weather conditions or time of day. The concept
addresses growing challenges in Europe’s energy infrastructure, including
rising demand, grid constraints, and increasing energy needs from data centres.
While the concept of space-based solar power has
existed for decades, recent reductions in launch costs and advances in
satellite manufacturing and orbital robotics are making its implementation more
feasible.
TerraSpark is taking a phased approach, beginning with the
commercialisation of radio frequency-based wireless energy transmission for
industrial use on Earth. This allows the company to validate safety,
efficiency, and regulatory requirements before scaling towards orbital systems.
Space-based solar power has long been considered
something for the distant future. Across Europe, energy resilience is now a
practical concern. With a step-by-step approach, starting with commercially
viable systems on Earth, we believe this can become real infrastructure within
a realistic timeframe,
said Jasper Deprez, founder and CEO of TerraSpark.
The company is led by a team with experience in space
technology, engineering, and scaling businesses, including Jasper Deprez (CEO),
Sanjay Vijendran (CTO), and Matthias Laug (COO).
In the coming months, TerraSpark plans to prepare
pilot applications and demonstration use cases, including wireless power
transmission for live environments. An orbital technology demonstrator is
planned for 2027, followed by initial space-to-Earth power transmission in
2028.
The funding will be used to further develop the
company’s technology and support upcoming pilot applications and live testing.