July 21, 2026 - 04:52

An Italian startup focused on wireless energy transmission has raised 5 million euros, equivalent to about 5.7 million dollars, to advance its laser power-beaming technology for satellites. ORiS, based in Milan, aims to solve a growing problem in the space industry: how to keep satellites powered without relying solely on solar panels or heavy batteries.
The company's approach uses lasers to beam energy directly to a satellite in orbit. This could allow spacecraft to recharge without needing to dock with a station or wait for sunlight. The technology is particularly relevant for satellites in low Earth orbit, which spend a significant portion of their time in the planet's shadow. ORiS says its system could also power satellites that need to maneuver to new positions or operate in permanently shadowed regions of the moon.
The funding round was led by a consortium of European venture capital firms and includes support from the Italian Space Agency. ORiS plans to use the money to build a ground-based prototype and test the laser transmission system within the next two years. The startup also intends to hire additional engineers specializing in optics and aerospace systems.
While the concept of wireless power transmission has been explored for decades, practical applications in space have remained limited. ORiS believes its compact laser design and efficient beam control will make the technology viable for commercial satellite operators looking to extend mission lifetimes and reduce costs. The company has not disclosed a timeline for its first orbital demonstration but stated that initial ground tests are expected to begin in 2025.
September 10, 2026 - 05:31
PennSTART Test Track Set to Open Near New Stanton in 2027Construction of the PennSTART facility near New Stanton is moving forward, with operations expected to begin in 2027. The site will feature a dedicated test track designed to support the...
September 9, 2026 - 23:55
MIND Technology Inc (MIND) (Q2 2027) Earnings Call Highlights: Navigating Geopolitical ...MIND Technology reported its fiscal second quarter 2027 results, revealing a sharp drop in revenue and a reduced backlog, both tied directly to the ongoing conflict in the Middle East. The company,...
September 9, 2026 - 11:25
American Healthcare REIT Names Jon Crosier As Chief Technology OfficerAmerican Healthcare REIT has appointed Jon Crosier as its new Chief Technology Officer. The move is part of the company`s broader push to modernize its enterprise data systems, analytics...
September 8, 2026 - 21:54
Envestnet More Than Doubles Tamarac Technology Investment As Part Of $1 Billion WealthTech CommitmentEnvestnet is scaling up its commitment to the Tamarac platform, more than doubling its technology investment in the division. The move includes an additional $35 million in immediate funding, all...