By Helena Smolak

Space Solar and Thales Alenia Space are teaming up to work on a commercial space-based solar power system, a move toward distributing renewable energy from space to Earth.

The companies said Monday that the new partnership builds on an existing collaboration in the context of a U.K. government innovation program. Both companies are committed to bringing to life the technology needed to deliver space-based solar power, they said.

Thales Alenia Space--a joint venture between France's Thales and Italy's Leonardo--is also leading a feasibility study for the European Space Agency to assess the viability of spaceborne solar power plants, aiming to make an decision by 2025 on a program for commercialization, it said.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

October 30, 2023 10:21 ET (14:21 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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