Solestial

Solestial

Produces thin, flexible solar panels for space

About

Solestial, Inc. specializes in ultra-thin silicon solar panels designed for space applications, featuring self-curing radiation damage capabilities and a flexible, lightweight build for minimal degradation over 10 years in LEO. The breakthrough technology allows for mass production at 90% lower costs than existing technologies, addressing the increasing demand for solar power in space.

Company Stage

Seed

Employees

11-50

Industries

Energy, Aerospace

Total Funding

$10.6M

Headquarters

Tempe, Arizona

Founded

2013


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Simplify's Take

What believers are saying

  • Growing demand for space-based solar power boosts Solestial's market potential.
  • Partnership with Meyer Burger enhances production capabilities and market reach.
  • NASA contracts validate Solestial's technology and open new opportunities.

What critics are saying

  • Emerging competition from companies like Crystal Sonic threatens market share.
  • Dependency on Meyer Burger could pose risks if they face challenges.
  • Increased competition may pressure Solestial to maintain its cost advantage.

What makes Solestial unique

  • Solestial's solar cells self-cure radiation damage, enhancing longevity in space.
  • Their panels are lightweight and flexible, ideal for space applications.
  • Mass production reduces costs by 90%, offering a significant competitive advantage.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

10%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Disability Insurance

Life Insurance

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