Emrod Accepted into ESA Business Incubation Program

Ibadan, 28 December 2022. – Emrod has announced that it has received acceptance into the European Space Agency (ESA) Business Incubation Centers (BIC), the ESA’s business incubation program. ESA BIC is a place in Europe for space entrepreneurs, with Alumni including Lilium, Quantum Systems, Blickfeld, and Isar Aerospace. According to the Company, it is a launch pad for Emrod in Europe to strengthen its aerospace partnerships and operations by gaining access to the most advanced research facilities, space and energy professionals, and a network of hundreds of ESA-affiliated experts.

Following this, Emrod has joined ESA BIC Bavaria and has set up an office in the AZO HQ, Munich, Germany, close to the German Aerospace Center DLR, Airbus, OHB, and other leading aerospace organizations. Its core power-beaming technology is a central component of space-based solar power. Furthermore, extensive ESA-commissioned studies have investigated the feasibility and benefits of its power-beaming technology.

The Company also noted that being a part of the European Space Agency Business Incubation Center secures its leading position in the wireless energy for space applications market, targeting 2025 to commence in-orbit testing. AZO manages ESA BICS Bavaria, and is a world leader in space innovation, and will support Emrod through a 2-year program, including access to funding, technology, experts, and facilities.

In addition to this, Emrod recently delivered a demonstration of its power-beaming system in Munich, Germany, on 27 September 2022 at the ‘Toward Space Energy for Europe’ technology showcase event in partnership with ESA and Airbus.