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Using wholesale electricity prices for 2008 to 2009, and the current 0.5% efficiency of power beaming, a space elevator would require US$220/kg just in electrical costs. Dr. Edwards expects technical advances to increase the efficiency to 2%.or a space elevator, the cost varies according to the design. Bradley C. Edwards received funding from NIAC from 2001 to 2003 to write a paper, describing a space elevator design.
Concept Outline. The space elevator is planned to be built by the year 2050 with a capacity to carry 100-ton climbers. It is composed of a 96,000-km carbon nanotube cable, a 400-m diameter floating Earth Port and a 12,500-ton counter-weight.