TerraSpark Raises €5M+ for Space Solar Power

Luxembourg-based TerraSpark has successfully closed a pre-seed funding round, securing over €5 million. This capital infusion is earmarked to advance its ambitious project of harnessing solar energy from orbit and transmitting it wirelessly to Earth. The funding will support the development of modular technology and pave the way for initial terrestrial pilot applications and live demonstrations.

The significant investment was backed by a consortium of notable investors, including Daphni, Sake Bosch, the investor alliance better ventures, the Hans(wo)men Group, the Luxembourg Business Angel Network, and Karaoke Club. This broad support underscores the growing interest in innovative energy solutions that address global resilience concerns.

Jasper Deprez, founder and CEO of TerraSpark, highlighted the practical urgency of their mission. "Space-based solar power has long been considered something for the distant future. Across Europe, energy resilience is now a practical concern, not an abstract one," Deprez stated. He emphasized TerraSpark's phased approach, beginning with commercially viable terrestrial systems, to establish space-based solar power as a tangible infrastructure within a realistic timeframe.

Founded in 2025, TerraSpark aims to create a continuously operational, weather-proof, and globally accessible energy system by beaming solar power from orbit. The company's leadership team brings a wealth of experience: CEO Jasper Deprez is a serial entrepreneur, CTO Dr. Sanjay Vijendran previously led space-based solar energy initiatives at the European Space Agency (ESA), and COO Matthias Laug co-founded major European platform companies like Lieferando and Tier Mobility.

The strategic importance of TerraSpark's venture is amplified by current energy infrastructure challenges. Europe's grids are showing signs of strain, as evidenced by past power disruptions. The International Energy Agency (IEA) projects a more than doubling of data center energy demand by 2030, largely driven by AI, further pressuring existing systems. In off-grid regions, electricity can cost between €0.70 to €1.50 per kilowatt hour, highlighting the need for efficient, globally accessible clean energy solutions.

TerraSpark's innovative model involves capturing solar energy in space, where it is abundant and consistent, and transmitting it to Earth via radio frequency. This approach circumvents terrestrial weather dependency and transmission limitations. The company is prioritizing the commercialization of radio frequency wireless energy transmission for industrial applications on Earth first. This allows for rigorous testing of safety, efficiency, and regulatory compliance before scaling to orbital operations. A key milestone includes a planned orbital technology demonstrator in 2027 and initial space-to-Earth power transmission by 2028.