Helio Corporation announced a Memorandum of Understanding with ELISIUM, LLC, a planned 4,000‑acre net‑zero microcity in South Florida, marking the company’s first customer win for its Space‑Based Solar Power (SBSP) platform. The agreement will explore the use of Helio’s wireless energy‑transmission system to meet the microcity’s future power needs, providing a tangible use case for the technology and a potential source of early revenue and development funding for the orbital solar infrastructure slated for deployment within the next two years.
Helio’s financial performance in FY2025 underscored the significance of the deal. Revenue fell to $3.88 million from $6.89 million in FY2024, while the company posted a net loss of $4.03 million versus a $1.86 million loss the prior year. Management attributed the decline to reduced NASA activity and federal budget uncertainty, highlighting the need for new commercial revenue streams to offset the loss of government contracts.
ELISIUM is described as a “cognitive net‑zero sponge luxury resort microcity” that will span 4,000 acres and accommodate roughly 10,800 residents. The project emphasizes advanced data systems, AI integration, and sustainable design, making it an ideal partner for Helio’s cutting‑edge SBSP technology. The partnership signals that a visionary, first‑of‑its‑kind development is willing to adopt space‑derived power, validating Helio’s technology and strategy.
The MOU positions Helio to potentially secure additional early adopters in smart‑city, mining, and remote‑operations markets. By demonstrating feasibility in a high‑profile, net‑zero project, Helio can showcase its commercial viability to other developers and utilities, potentially accelerating the company’s path to profitability and reducing reliance on government contracts.
Ed Cabrera, Helio’s CEO and Chairman, said, “This agreement reinforces Helio’s first‑mover advantage in the commercialization of space‑based solar power. ELISIUM is exactly the type of visionary partner that can unlock the potential of space‑based solar power. Their commitment to building the cities of the future aligns with Helio’s mission to deliver abundant, reliable clean energy from space.”
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