Mass Megawatts Announces Video Soon For Demonstrating a Three to Five Year Payback in Many Locations
August 16 2021 - 7:47AM
InvestorsHub NewsWire
Mass Megawatts
Announces Video Soon For
Demonstrating a Three to Five
Year Payback in
Many Locations
WORCESTER, MA -- August 16, 2021 -- InvestorsHub
NewsWire -- Mass Megawatts Wind Power Inc. (OTC
PINK: MMMW) announces that a new video will be on its website
www.massmegawatts.com before the end of August
explaining its higher rate of return than stationary solar projects
of a similar rated capacity. Using patent pending innovations for
solar installations, the new technology allows a project to pay for
itself within three to five years at many locations. In states like
Massachusetts and New York, the payback with state incentives would
be close to three years. The solar tracker units would have less
than ten percent additional cost on a given solar project while
producing more than thirty percent more electricity. One key
advantage is the ability to reduce cost by using a low-cost method
for protection against high wind events. Unlike other solar
tracking technologies, the Mass Megawatts STS utilizes a low-cost
structure that adds stability to the overall system while also
improving energy production levels. The STS also uses a proprietary
mechanical innovation to limit dynamic and static loading on the
tracker, which can occur during periods of high wind and extreme
weather. The solar panels attached to the solar tracker platform
would force the face of the panels to turn 90 degrees from the
direction of the wind. The system allows a slip feature during high
wind conditions. It avoids that need for additional material and
cost for protection.
The patented pending, Mass Megawatts 'Solar
Tracking System' (STS) is designed to automatically adjust the
position of solar panels throughout the day to receive an optimal
level of direct sunlight. The STS allows Mass Megawatts to reduce
the number of solar panels needed to generate the rated
capacity.
Commercial customers can benefit from the use
solar trackers if the electric bills have surcharges during the
peak use of electricity during the day. There is an additional
opportunity to save a substantial amount of money. An example is
avoiding the 50% higher cost of electricity after 2PM in the
afternoon which would not have been collected by the solar panels
without solar trackers. Most of the additional electricity that
solar panels generate with the solar trackers are in the early
morning or late afternoon. The demand for electricity is higher
between 2PM and 6PM. It is a great opportunity to save (or earn)
money on the cost of electricity with the growing number of
utilities implementing time of use pricing plans. The power
companies encourage customers to consume energy during off peak
hours when electricity is cheap and discourage energy consumption
when the cost to produce electricity is high. As an opportunity to
save (or earn) money, the solar trackers help generate more
electricity than stationary solar panels in the late afternoon when
the selling price of electricity is higher with many "time of use"
plans implemented by utilities in places like California. The peak
electricity paying the best prices happen in the afternoon and
early evening when air conditioning use increases with people
returning home from work. The movement of solar trackers throughout
the day can avoid the reduction of solar power production of
stationary solar units in the late afternoon. The increased power
production during these critical higher cost periods can avoid some
of the strain on the grid during those critical
hours.
Additionally, Mass Megawatts recently noted larger
benefits of solar power output in the northern part of the United
States and Canada. Mass Megawatts patent pending solar tracker has
its highest output in the northern climates in relation to
commercial horizontal single axis solar trackers power output on
the market. It would still have a higher output than commercial
horizontal solar trackers in the southern parts of North America
closer to the equator. In summary, the Mass Megawatts tracker is
most competitive in the northern and colder climate. The taller
profile of the Mass Megawatts tracker is not parallel to the ground
unlike commercial horizontal single axis trackers. The Mass
Megawatts trackers maintain a constant angle of solar incidence
when the sun is lower in the sky. The Mass Megawatts tracker also
avoid the need to space units for the limiting of shading and
energy losses which is an issue with vertical single axis trackers
and dual axis units.
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, 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
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