Mass Megawatts Wind Power, Inc. Announces Output Status from its Low-Cost, Solar Tracking System
December 05 2013 - 7:45AM
Access Wire
WORCESTER, Mass., December 5, 2013 /Accesswire/ - Mass Megawatts
Wind Power, Inc. (OTC: MMMW) today announces the test result of its
solar tracking system. The new product is within the
expectations of increasing solar energy production by 22% to 28%
for less than 7% additional cost than a standard stationary
configuration. The Company is comparing the new unit’s power output
with the electricity generated from a stationary system of similar
size. The first test was abandoned as it received less than
70% of the available sunlight due to excess shading.
The tracking unit would have shown a better than 50% increase in
power output than the stationary unit due to the lack of
sunlight available during peak hours. As much as we would
like to use that data, the test results would not be accurate. The
second test is required to receive at least 85% of the available
sunlight during the day and qualified as generating the accurate
results.
The new product automatically adjusts the position of solar panels
to receive an optimal level of direct sunlight throughout the
day. Unlike other solar tracking technologies, the Mass
Megawatts STS utilizes a low-cost structure that adds stability to
the overall system while improving energy production levels.
The STS utilizes an innovative structural design that combines a
simple, yet robust, A-frame design with a low-cost, protective
outer-wall. Using a non-electrical, and passive, tracking
technology, the solar panels are automatically repositioned
throughout the day as the sun's position travels from east to
west. Other tracking systems are subject to wind related
structural stress and are more expensive to overcome for weather
related issues. Some designs in the solar market are more
expensive than the stationary units.
The STS allows Mass Megawatts to lower material costs and reduce
the number of solar panels needed to generate the rated
capacity. Due to this advantage, Mass Megawatts can deliver
more solar power production at a price similar to lower-capacity,
stationary systems. Specifically, the company plans to offer
6.25 kW rated STS units at a price that’s competitive to
stationary, 5 kW systems. In the best locations with high
electric prices and good incentives, this improved output
translates into a 40% rate of return on investment. In other
locations, the investment payback is projected to be less than
three and one half years. Further, by taking advantage of a
lease program or power purchase agreement (PPA) arrangement with
the company, a customer may realize an immediate, positive cash
flow, as immediate energy savings and/or revenues will be realized
and/or exceed the monthly payments due.
Starting at 6.25 kW rated units, a Mass Megawatts STS system is
appropriate for ground-level, residential and business sites, as
well as, commercial, roof-top installations. Mass Megawatts
coordinates all aspects of system delivery, including permitting,
installation, and working to obtain any available tax
incentives. They monitor the performance of each system, and
provide a full, performance guarantee.
This press release contains forward-looking statements that could
be affected by risks and uncertainties. Among the factors that
could cause actual events to differ materially from those indicated
herein are: the failure of Mass Megawatts Wind Power, also known as
Mass Megawatts Windpower, to achieve or maintain necessary zoning
approvals with respect to the location of its power developments;
the ability to remain competitive; to finance the marketing and
sales of its electricity; general economic conditions; and other
risk factors detailed in periodic reports filed by Mass Megawatts
Wind Power. Additionally, Mass Megawatts Wind Power stock quote and
Mass Megawatts stock price may be impacted by global condition.
Mass Megawatts Wind Power Inc. expected and anticipated positive
and negative impact on the Mass Megawatts stock price and the MMMW
stock quote.
Inquiries can be made through the company's contact page at
www.massmegawatts.com for more product and sales
information.
Contact: (508) 751-5432
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
Historical Stock Chart
From Apr 2024 to May 2024
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
Historical Stock Chart
From May 2023 to May 2024