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Japan Plans $21B Space Power Plant 550

Mike writes "Japan has announced plans to send a $21 billion solar power generator into space that will be capable of producing one gigawatt of energy, or enough to power 294,000 homes. The project recently received support from Mitsubishi Electric Corp. and IHI Corp, who are now teaming up in the race to develop new technology within four years that can beam electricity back to Earth without the use of cables. Japan hopes to test a small solar satellite decked out with solar panels by the year 2015."

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