Mass Megawatts Generated Five
Planned Solar Project Sales During August
WORCESTER Mass. -- August 11, 2023
-- InvestorsHub NewsWire -- Mass Megawatts (OTC:MMMW)
www.massmegawatts.com
announced that the Company is
moving forward with selling solar projects during the dog days of
summer. The most recently planned projects are designed for small
commercial and residential applications. The residential solar
projects can pay for themselves in less than 6.5 years. The larger
projects for small businesses can pay for itself in less than 4
years when bonus depreciation benefits are factored into the
payback.
Mass Megawatts has started the
process of developing solar power projects using our patent pending
Concentrated Solar Power Tracking System (CST) that will set a new
standard for low-cost and reliable energy production. The new
technology can deliver a significant reduction in the cost of solar
energy production.
The CST utilizes a
low-cost, yet robust platform for concentrating the sun's rays
directly onto a central area of solar panels that will convert the
reflected sunlight into energy.
The
CST has reflectors that are mounted on the perimeter of a rotating,
circular platform that continually adjusts its position to directly
face the sun's rays throughout the day with an innovation to avoid
elevated heat levels using a low-cost patent pending
method.
The
new technology is an important addition to its previously disclosed
patent pending solar tracker which can produce 35 percent more
solar power for less than ten percent additional cost. A video on
the home page of
www.massmegawatts.com summarizes the
previously disclosed patent pending solar tracker.
Unlike other solar tracking
technologies, the Mass Megawatts Solar Tracker utilizes a low-cost
framework that adds stability to the overall system, while
improving energy production levels. The new technology is also designed to be
able to reduce the cost of solar power by employing a furling
technology borrowed from wind technology for protection in the case
of high wind events.
The key driver to future sales is the use of
solar trackers, known to reduce the cost of solar powered
electricity. Although Mass Megawatts in 2023 is aiming to achieving
a very small fraction of global demand of this specific solar
market segment, the solar tracker market is anticipated to be worth
more than $3 billion by 2025 expanding from the current market size
of about $2 billion. Mass Megawatts sees an opportunity to be part
of the growing solar tracker market with a lower cost product than
the trackers marketed by other solar tracker companies in this high
growth segment of the solar energy market. A solar tracker is a method of tracking the
sun throughout the day for a photovoltaic (PV) system for
increasing solar energy output throughout the day. The market is
anticipated to have substantial growth due to the growing need for
renewable energy.
With its patent
pending, Solar Tracking System, Mass Megawatts believes it is well
positioned for expanded production and supporting its revenue
generation goals in the longer term.
Product information and sales inquiries can
be made through the company's contact page at www.massmegawatts.com
.
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.
Contact:
Mass Megawatts Wind Power,
Inc.
info@massmegawatts.com
www.massmegawatts.com