Mass Megawatts
Announces Breakthrough for Lowest-Cost Energy Production with More
Details on June 29
WORCESTER, MA -- June 16, 2023 -- InvestorsHub NewsWire
-- Mass
Megawatts Wind Power, Inc. (MMMW)
www.massmegawatts.com today
announced its latest, patent-pending technology that reduces the
cost of solar-power generation to a level that outperforms existing
fossil-fuel and renewable energy sources. The company's
Concentrated Solar Tracking System is poised to revolutionize the
solar power industry.
The
Concentrated Solar Tracking System (CST) is designed to
dramatically lower the cost of energy production for
consumers.
The
CST provides an innovative solar tracking platform that utilizes
low-cost reflectors directed at Stirling engines mounted at the
center of its platform.
The
platform based on the previously disclosed patent pending Solar
Tracking System (STS) rotates to continually optimize the sun's
rays during the day to maximize the thermal energy production of
the Stirling engines.
The
low-cost structure provides an unprecedented reduction in power
generation costs that are below existing fossil-fuel and
alternative energy sources, including traditional, photovoltaic
solar-panel systems.
The
CST is projected to substantially reduce power-generation costs by
up to 56% as compared to traditional solar power installations. For
example, a traditional 10 kW solar power installation at a cost of
$20,000 would provide a cost of $2 a watt, while the CST would only
require a $10,000 investment with a cost of $1 per watt.
This
delivers significant savings for energy producers.
With
no expensive raw materials or complex engineering requirements,
mass production would reduce the cost much greater than 56 percent
as compared to traditional solar power
installations.
In
addition, The CST design provides a low-cost structure that
adds stability to
the overall system while utilizing
common, off-the shelf components with an extended life expectancy
that eliminates the need for ongoing system
maintenance.
The CST
significantly reduces the payback period for solar power
investments to under 3 years at many locations. The
CST performance is fully guaranteed by the company.
With its patent
pending, Concentrated Solar Tracking and Wind Electric Power
Generation systems and very little debt, including no convertible
notes or toxic debt, Mass Megawatts believes it is well positioned
to expand production and meet its revenue generation goals in both
the near and long terms.
As of the date of
this press release, the outstanding float for Mass Megawatts is
under 160 million shares with a market capitalization under $2.5
million.
Mass Megawatts feels
that their tracking technology provides a competitive advantage
that will soon become a standard in the solar power
industry.
The global demand
for solar tracking is anticipated to grow from the current market
size of $2 billion to more than $3 billion by 2025, with demand being
fueled by the growing need for clean, renewable energy sources that
reduce dependency on foreign energy sources. Mass Megawatts sees an
opportunity to be leader in this industry by delivering a reliable,
low-cost solution.
Product information
and sales inquiries can be made through the company's contact page
at www.massmegawatts.com and
the e-mail address on the Website.
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 (MMMW), 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 (MMMW).
Contact:
Mass Megawatts Wind
Power (MMMW) Inc.
info@massmegawatts.com
www.massmegawatts.com