Mitsubishi, IHI to Join $21 Bln Space Solar Project

September 2, 2009 | Source:

(Japan Aerospace Exploration Agency via Bloomberg)

Mitsubishi Electric Corp. and IHI Corp. will join a 2 trillion yen ($21 billion) Japanese project intending to build a solar-power station in space by the 2030s and beam energy via microwaves to earth to supply one gigawatt of electrical power, or enough to power 294,000 homes.