logo
New mass-producible space-grade solar cell promises 10x cost reduction

New mass-producible space-grade solar cell promises 10x cost reduction

Yahoo17-02-2025

Extraterrestrial Power, a Sydney-based private Space Tech company, has unveiled its new space-grade solar cell thin enough to be mass-produced like terrestrial solar cells. Estimated to be up to ten times cheaper than current solar cells, this innovation could make waves in the space solar cell industry.
Supported by the Australian Space Agency, the federal government's satellite agency headquartered in Adelaide, this new technology is timely given the current rapid growth in satellite production.
Space organizations are looking for innovative ways to achieve their missions with improved sustainability and lower costs, so cheaper, lighter solar cells would be appealing. According to the company, its new solar cells are thin enough to benefit from mass production alongside terrestrial ones, while retaining the efficiency, stability, and robustness to survive in space.
The company explains that the main barrier to making solar cells thinner so far has been the need for them to survive the extreme atmospheric conditions in the orbit. This includes hazards like radiation, temperature fluctuations, and vacuum environments.
To this end, Extraterrestrial Power set out to develop solar cells that meet the high standards demanded for the technology. Backed, in part, by the Australian Space Agency's moon to Mars supply chain program, the company has now achieved what was once thought impossible.
'We are primarily focusing on utilizing the large investments in terrestrial solar for space, which has tremendous value for space,' said Peter Toth chief executive officer and co-founder of Extraterrestrial Power.
https://www.youtube.com/watch?v=1QYrSv42M6E&pp=ygUVc29sYXIgY2VsbHMgZm9yIHNwYWNl
'Importantly, we are only utilizing technologies that allow high throughput manufacturing, which enables satellites being manufactured in high volumes necessary for low earth orbit (LEO) constellations," he added.
The company first demonstrated its solar cells on Caltech's space-based solar power experiment in 2023. This experiment made history by wirelessly transmitting power in space and beaming it to Earth for the first time.
That was shortly followed in 2024 when the cells took a ride-share on Waratah Seed. The New South Wales government supported this mission with various cutting-edge technologies on board.
'Since thin solar cells use less materials, but we still need to maintain high efficiencies, they will have applications on Earth for lightweight usage initially—and wider uses later," Toth explained.
These new cells could also enable the manufacturing of solar cells remotely in space. Harnessing in-situ resources such as lunar regolith (moon soil), which can melt down into different metals, is also a possibility.
If achievable, cells manufactured in situ could power rovers, robotic systems, and infrastructure for permanent human outposts in space. To this end, Extraterrestrial Power has declared its ambition to become "the electricity provider of the solar system."
'For humanity to move forward and become truly spacefaring, it needs an abundance of power in space, and sunshine is abundant in space,' Toth said. 'When founding Extraterrestrial Power, I long wanted to connect my passion for space and solar, which originally meant manufacturing solar panels on the Moon from local materials," he added.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Truck Parking Club doubles network in under 6 months
Truck Parking Club doubles network in under 6 months

Yahoo

timean hour ago

  • Yahoo

Truck Parking Club doubles network in under 6 months

Chattanooga, Tennessee-based Truck Parking Club recently announced it has surpassed 2,000 property member locations nationwide, a doubling of its footprint in six months. Part of the growth came from targeting diverse property types, from trucking companies and repair shops to storage facilities and real estate investors. 'This isn't just about hitting a number – it's about solving a decades-old problem that costs the trucking industry billions annually,' said Evan Shelley, co-founder and CEO of Truck Parking Club, in a press release. 'Every new location means drivers spend less time searching and more time earning. Our goal is clear: reduce parking search time to under 10 minutes per day.' The rapid expansion and milestone followed an announcement in February of the addition of industry veteran Brent Hutto as chief relationship officer, the position he formerly held at Truckstop. Part of the push is to build on driver momentum and turn it into enterprise-level relationships. Reed Loustalot, chief marketing officer at Truck Parking Club, said in an earlier interview with FreightWaves, 'Truck Parking Club grew organically and doing that we coincidentally have drivers in 60 of the top 100 fleets booking parking with us, and we have never talked to the fleets directly about having their drivers use our app. It's their drivers, their dispatchers and their fleet managers finding us.' Another advantage of being a truck parking aggregator is it's less expensive and turns otherwise unused parking locations into income production opportunities. Shelley wrote, 'New truck parking construction typically costs $100,000-$200,000 per space and takes years to complete, while Truck Parking Club can activate existing spaces within a day.' Looking ahead to the next milestone, the company is setting its sights on 10,000 locations. The Logistics Managers' Index's recently released May data showed a second consecutive month of expansion. The May LMI came in at 59.4 points, up 0.6 points from 58.8 in April. The m/m increase was impacted by inventories, which saw higher costs and slower movement compared to earlier in the year. The LMI is a diffusion index, with a score above 50 signaling expansion, while below 50 is a contraction. The interplay between warehousing costs and inventory levels was a big theme in May. Warehouse capacity fell 5.4 points in May to 50, while warehousing prices rose 0.2 points to 72.1, a strong expansion. 'This suggests that the inventories that were rushed into the country earlier this year are now static and holding them is expensive,' noted the report. The LMI transportation metrics were mostly stale, with movement less than 1 point. There were some nuances, according to the report. Capacity dipped slightly to 54.7, with upstream firms facing tighter space at 50 points compared to downstream firms' expansion of 65.3 points. Transportation prices rose more for downstream (66.7) than upstream (61.7), but the gap wasn't significant. Transportation utilization fell to 52.6 points, the lowest since November 2023. Despite lower diesel prices ($3.487 a gallon), a predicted import surge could stress intermodal and over-the-road networks, testing supply chain flexibility. On the import front, prognostications for an import boom similarly seen during COVID remain cloudy, due in part to American consumers having less cash than during the stimulus-fueled buying binge. The report adds that it was demand-driven, while the current surge in imports during Q1 was more supply-driven, as shippers tried to pull goods forward to avoid higher costs. 'Even though costs were high, there was a sense that they could grow higher in the future. Today, after several rounds of start-and-stop tariffs, shippers may doubt that the highest levels of threatened tariffs will ever come to pass. At the same time, costs are higher on imports from essentially every country than they were a year ago,' added the report. The post Truck Parking Club doubles network in under 6 months appeared first on FreightWaves.

Why Putting $7,000 in These Renewable Energy Stocks Makes Sense Now
Why Putting $7,000 in These Renewable Energy Stocks Makes Sense Now

Yahoo

timean hour ago

  • Yahoo

Why Putting $7,000 in These Renewable Energy Stocks Makes Sense Now

Written by Jitendra Parashar at The Motley Fool Canada Whether you're looking to put your annual Tax-Free Savings Account (TFSA) contribution of $7,000 to good use or simply seeking a timely investment opportunity, renewable energy stocks could be worth considering in 2025. While the renewable energy sector enjoyed its time in the spotlight a few years back, things have since cooled down a bit. But that's exactly when Foolish Investors should start paying attention. What looked too expensive a few years ago is now trading at levels that could offer long-term value, especially if you believe the world isn't turning away from clean power anytime soon. In this article, I'll highlight two top dividend-paying renewable energy stocks and tell you why buying them right now could be a smart move for patient investors. The first renewable energy stock you may want to consider right now is Brookfield Renewable Partners (TSX: The company runs one of the world's largest publicly traded renewable power platforms, including hydro, wind, solar, and storage facilities spread across several continents. The stock is currently trading at $32.56 per share with a market cap of $9.3 billion and offers quarterly dividends with a generous 6.3% annualized dividend yield. Brookfield Renewable stock has had a rough year, dropping about 15% over the past 12 months. But here's why that might actually work in your favour. The company posted a record quarter (three months ended in March 2025) with US$315 million in funds from operations, up 7% from a year ago. Its development pipeline has also grown stronger as it added 800 megawatts of new capacity in the recent quarter, with more expected later this year. Also, Brookfield Renewable has been busy acquiring growth platforms like Neoen and National Grid Renewables, expanding its clean energy footprint in key geographic markets. With 90% of its portfolio under long-term contracts and about 70% of revenues linked to inflation, its setup is ideal for patient investors who want reliable dividends with long-term upside. Another top renewable energy stock worth looking at is Northland Power (TSX:NPI). This Toronto-based firm generates electricity through a mix of offshore and onshore wind, natural gas, and battery storage projects. NPI stock is currently trading at $20.77 per share with a market cap of $5.4 billion and an annualized dividend yield of 5.8%, paid out monthly. While the stock is still down nearly 15% over the past year, it has made a solid comeback recently with gains of over 13% in the last month alone. Northland just achieved a big milestone by bringing Canada's largest battery project, the 250-megawatt Oneida facility, into commercial operation. And more importantly, it did so ahead of schedule and under budget. That kind of project execution adds to its credibility. Meanwhile, construction is also progressing steadily at its Hai Long and Baltic Power offshore wind farms, which are expected to start generating revenue over the next couple of years. With more than 10 gigawatts of potential capacity in development and growing global demand for clean energy, long-term investors may find this renewable power stock attractive. The post Why Putting $7,000 in These Renewable Energy Stocks Makes Sense Now appeared first on The Motley Fool Canada. Before you buy stock in Brookfield Renewable Partners, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Brookfield Renewable Partners wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy. 2025

Is TD Bank Stock a Good Buy in June 2025?
Is TD Bank Stock a Good Buy in June 2025?

Yahoo

timean hour ago

  • Yahoo

Is TD Bank Stock a Good Buy in June 2025?

Written by Adam Othman at The Motley Fool Canada Canadian bank stocks have been off to an impressive start despite all the fears that trade tension-induced panic due to tariffs might bring the Canadian economy into recession. Right now, there's a pause on tariffs, and the recession feared to be inevitable has yet to come around. As we move closer to the halfway mark of 2025, the S&P/TSX Composite Index only seems to be climbing to new all-time highs. Positive movement in the Canadian benchmark index reflects a broader picture of the Canadian stock market and, in turn, the economic situation. With the index reaching newer heights, it seems that the so-called top Canadian bank stocks have become quite the leaders, driving the market upward. In light of this development, we will take a closer look at one of the biggest bank stocks to determine whether it might be a good investment at current levels. Toronto-Dominion Bank (TSX:TD) has been quite a comeback story over the last few years. The reason I want to focus on TD Bank stock is its remarkable performance despite all the trouble it faced with American regulators. The $164 billion market-cap stock faced regulatory action in the US due to the bank's money-laundering fiasco last year. The restrictions and penalties imposed on it had a negative impact on the bank's performance in the stock market, but it is making remediations. The financial institution has new managers aboard, and it has revisited its growth plan. These factors are major contributors to the stock's performance in the last few weeks. The bank has paid all the fines it was supposed to, and it will settle with the asset cap on US-based assets. The bank is also selling off some of its non-core assets to improve its liquidity position. Greater liquidity can mean more spending money for the bank to make big moves. However, it remains to be seen what the new CEO of the bank will consider doing with the newly refreshed war chest. The bank is playing the long game in the US market, but its US-market-based growth will face significant restrictions for a few years to come. TD Bank's operations in the US market might be slower now, but that doesn't mean there is no growth potential in the domestic side of things. The extra money that the bank amasses from the sale of non-core assets can be valuable for any planned acquisitions or other growth-focused decisions the bank makes. As of this writing, TD Bank stock trades for $95.22 per share and distributes $1.05 per dividend per share each quarter to its investors, translating to an annualized 4.4% dividend yield. Suppose you're looking for a reliable dividend stock that is fundamentally strong and supports regular dividends. In that case, TD Bank might be an excellent pick to consider for your self-directed investment portfolio. The post Is TD Bank Stock a Good Buy in June 2025? appeared first on The Motley Fool Canada. Before you buy stock in TD Bank, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and TD Bank wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store