PRESS RELEASE - Space Energy supporting China in reassessment of Strategic Energy Policy

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PRESS RELEASE - Space Energy supporting China in reassessment of Strategic Energy Policy
by Space Energy AG on Saturday, June 11, 2011 at 2:00am
17 May 2011
Schaffhausen, Switzerland

The Space Energy Group is pleased to announce its co-sponsorship of the China International Energy and Environment Summit (IEES) 2011. The Summit, organised by the National Development and Reform Commission (NDRC), is a major international energy event. It will be held in Beijing in July 2011 (http://www.ceeschina.org/eng/). A key topic for discussion will be the role of Space Based Solar Power (SBSP) as China reassesses the role of its huge nuclear power development policy within its Strategic Energy Plan. Space Energy’s Sr. Vice President for Systems Engineering & Risk Management – Dr. Feng Hsu - will join other leading world energy experts, invited to attend this critical energy summit, to help shape these discussions.

There is a dire need for safe, reliable, clean power. Global energy usage is at record high and continuing to rise fast. Demand in several areas of the global economy is already outpacing supply. Traditional hydrocarbon energy reserves are depleting at an alarming rate and creating lasting environmental and health damage. China alone will need to raise energy generation capacity by a staggering 4 to 5 times over the next 20 years in order to meet demand. The recent horrific nuclear disasters in Japan have raised serious concerns over, and public awareness of, the safety of nuclear power leading multiple countries to reassess their nuclear plans. Growing development of traditional renewable energy sources is helping to address these issues however, this presents only a supplementary solution. SBSP is the ultimate sustainable solution to Humanity’s energy needs - a true source of renewable, affordable, base-load power from the Sun which can be delivered anywhere in the world.

“SBSP plays a key role in the development of future energy plans by countries like China. This is why it is critical that Space Energy supports and participates in this Summit.” – Peter Sage (Space Energy Founder & Director of Marketing and Communications)

“Humanity will come and go but the nuclear waste by-products will stay. Nuclear energy is too costly and too risky to manage. Mankind cannot trade short-term gain for long-term dire consequences, especially when the risks are too high. We simply cannot gamble with our future. This is a vital issue concerning our very survival.”– Dr. Feng Hsu (Space Energy Senior Vice President of Technology, Systems Engineering & Risk Management)

IEES 2011 is going to build on Space Energy’s track record of supporting China in this area, having co-hosted the Sichuan International Clean Energy Summit in 2010 (www.sices2010.com).


NOTES FOR EDITORS

About Space Energy

It intends to become the leading commercial enterprise in the field of renewable energy. Apart from development and operation of traditional solar parks internationally this includes mobilisation of existing and proprietary technologies to become the world’s first private enterprise to successfully commercialise Space-Based Solar Power (SBSP) – a proven technology, now made commercially viable by changed market conditions and further advancements. SBSP uses arrays of solar panels to harvest the abundant supply of clean solar energy in Earth’s orbit to transmit a safe, uninterrupted supply of electricity anywhere on Earth at affordable, fair market prices.

About Dr. Feng Hsu

Dr. Hsu is the Senior Vice President for Systems Engineering & Risk Management at Space Energy. He is a former research fellow of nuclear safety at Brookhaven National Laboratory and Senior Technical manager at NASA. Dr Hsu is highly regarded as the world’s top expert in the fields of risk assessment, risk-based decision making, safety, reliability and mission assurances for nuclear power, space launch, energy infrastructure and other high integrity social and engineering systems. He recently left NASA to join Space Energy where he is leading a team of experts working on some of America’s largest solar energy projects, including early development of a space based solar power (SBSP) demo project leading to commercialisation of large scale SPS (Solar Power Satellite) technology.

Dr. Hsu was the head of the NASA GSFC risk management function, and was the GSFC lead on the NASA-MIT joint project for risk-informed decision-making support on key NASA programmes such GPM, LSS and the CxP etc. He was also a leading engineer in the Space Shuttle and Exploration Analysis Department at JSC (Johnson Space Center) in Houston, and led key projects such as the Space Shuttle PRA modelling & integration; SLEP and Shuttle upgrade trade studies. Dr. Hsu served on many agency and center expert panels supporting challenging SMA issues, including key roles in the STS-107 (Space Shuttle Columbia) investigation team at JSC, the Return to Flight team, and ECO expert team for the Space Shuttle Discovery mission.

Dr. Hsu has been a strong advocate for SBSP for many years, was instrumental in instigating the 2007 NSSO study on space solar energy and has contributed whole-heartedly to the great human endeavour of harnessing solar energy for sustainable human development.


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