Aquila has secured a $3 million seed investment aimed at developing innovative laser-based technology for the wireless transfer of renewable energy, positioning itself for significant impact in the global energy landscape.

Target Information

Aquila is a pioneering company focused on revolutionizing the renewable energy sector with its groundbreaking technology that uses light beams for wireless energy transportation. The company envisions facilitating energy delivery across vast distances, allowing regions that generate solar energy during peak sunlight hours, such as Australia, to transfer that energy to global markets where it can be utilized during peak demand times, like dinner hours in Los Angeles.

Founded by co-founders Will Jeremijenko and Nelson Smith, Aquila is determined to tackle the imminent energy challenges posed by intermittent renewable sources. Their concept of utilizing lasers, in place of traditional energy storage solutions, stands to significantly affect the future landscape of energy consumption and distribution.

Industry Overview

Renewable energy is gaining momentum globally, with solar photovoltaics projected to dominate energy generation by 2050. However, a major challenge arises from energy production occurring at times w