What Happened
Federal Funding Signals New Energy Era
The US Department of Energy and Department of Defense have announced multimillion-dollar investments in space-based solar power technology, marking a growing federal commitment to advancing the industry. Helio Corporation, a developer of advanced space-based solar power and engineering technologies, expects to submit an application for the DOE R&D grant program. The investments aim to lower the cost of solar technology for space applications and expand domestic AI and manufacturing capabilities, as reported by Newswire.