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Mitsubishi, IHI to Join $21 Bln Space Solar Project

Posted on by Brandon Klein

Mitsubishi Electric Corp. and IHI Corp. will join a 2 trillion yen ($21 billion) Japanese project intending to build a giant solar-power generator in space within three decades and beam electricity to earth.

A research group representing 16 companies, including Mitsubishi Heavy Industries Ltd., will spend four years developing technology to send electricity without cables in the form of microwaves, according to a statement on the trade ministry’s Web site today.

“It sounds like a science-fiction cartoon, but solar power generation in space may be a significant alternative energy source in the century ahead as fossil fuel disappears,” said Kensuke Kanekiyo, managing director of the Institute of Energy Economics, a government research body.