Solestial Inc. Market Research Report
Table of Contents
1. [Company Overview](#company-overview)
- Name, Mission
- Founding Details
- Key People
- Headquarters
- Number of Employees
- Revenue
- Notable Recognitions
2. [Products](#products)
- Solar Cell
- Flexible Solar Power Modules
- Integrated Solar Power Modules
- Solar Array
3. [Recent Developments](#recent-developments)
- New Partnerships
- New Product Launches
- Newly Added Features
- Other Developments
Company Overview
Name
Solestial Inc.
Mission
Solestial exists to deliver abundant energy in space. The company aims to solve critical energy supply issues in space through scalable, space-optimized silicon photovoltaic technology.
Founding Details
- Founded: Continuation from Regher Solar founded in 2013; rebranded to Solestial in 2022.
- Founders: Stan Herasimenka and Mikhail Reginevich.
Key People
- Stan Herasimenka: CEO and Co-Founder
- Mikhail Reginevich: CTO and Co-Founder
- Andy Atherton: COO
- Diana Aponte: Head of Product
- Luke Gordon: Head of Commercial Business Development
- Vince Hearn: Head of Government Business Development
- Eileen Korte: Head of Marketing
Headquarters
- Primary Location: Tempe, Arizona, USA
Number of Employees
No information is available.
Revenue
No information is available.
Notable Recognitions
- Raised over $12M from leading aerospace and technology investors.
Products
Solar Cell
- Description: Ultrathin, flexible, silicon heterojunction solar cells, engineered for optimum space performance.
- Features:
- 20% beginning-of-life efficiency
- First silicon solar cells capable of low-temperature annealing of radiation damage.
- Self-cures radiation damage at operating temperatures as low as 65ºC.
- Ultrathin (as low as 20 microns).
- Robust metallization and customizable shape and size.
- Potential efficiency over 30%.
Flexible Solar Power Modules
- Description: Low mass, radiation-hardened flexible solar cell packed into thin modules.
- Features:
- Replacement of cover glass and bulky substrates with thin polymer and ceramic films.
- Withstands up to 10 years in space.
- Can be rolled to a 5 cm bend radius.
- Offers UV and AO protective coatings.
- Scalable automated manufacturing.
Integrated Solar Power Modules
- Description: Flexible modules integrated with rigid or flexible substrates for easy installation on spacecraft.
- Features:
- Integration with customer-furnished panels or procured substrates.
- Maintains flexibility with candidate substrates for a 5 cm bend radius.
- Frame configuration option for reduced mass by removing backing substrate.
Solar Array
- Description: Complete solar array capabilities through partnerships.
- Features:
- Adaptable to Z-folded and roll-out arrays.
- Collaboration with firms for innovative deployment systems.
- Reduction of stowage volume and weight for enhanced performance.
Recent Developments
New Partnerships
- Meyer Burger Partnership: Signed a strategic manufacturing partnership with Meyer Burger to rapidly scale the production of next-generation ultra-thin silicon solar cells. The collaboration aims to achieve a 1 MW production capacity by mid-2025. The partnership will leverage Meyer Burger’s heterojunction technology.
New Product Launches
- New Solar Array Product: Jointly developed with DCUBED, announcing a scalable solar array product that will make space power significantly more affordable.
Newly Added Features
No information is available.
Other Developments
- NASA SBIR Ignite Contracts: Awarded nearly $1M for next-generation solar array development.
- Recent Funding: $10 million funding round led by Airbus Ventures in 2022.
- Naming and Rebranding: Rebranded from Regher Solar to Solestial in 2022 to better communicate its space-centric focus.
- Manufacturing Infrastructure: Expanded manufacturing facilities in Tempe, Arizona, including a new dedicated solar cell and module manufacturing facility opened in 2023.
Conclusion
The detailed examination of Solestial Inc. provides an in-depth look at the company's strategic focus on delivering efficient and affordable solar energy solutions for space applications. Their continuous innovation and significant partnerships, such as with Meyer Burger, propel them toward substantial growth and increased production capacity. A comprehensive understanding of their product offerings and strategic initiatives indicates a strong potential for disrupting the space solar power market.
