Mass Megawatts Begins Construction of Two Solar Power Systems for Solar Tracking Analysis
October 11 2021 - 8:00AM
InvestorsHub NewsWire
Mass Megawatts Begins
Construction of Two Solar Power Systems for Solar Tracking
Analysis
WORCESTER, MA -- October 11, 2021 -- InvestorsHub NewsWire
-- Mass Megawatts Wind Power, Inc. (OTC
Pink: MMMW) has begun construction of two solar power systems
to demonstrate the benefits of the company's patent-pending, Solar
Tracker technology. The two systems are being constructed at
the same site in Worcester Massachusetts. They will be
identical, except that one system will include the company's Solar
Tracker technology, while the other will not. The performance
of these systems will be compared to demonstrate that the Solar
Tracker provides a 30% improvement in power generation with less
than a 10% increase in cost.
Each solar power system will contain six, 300 watt rated
panels. The solar power components in each system will be
identical, including their purchase date, the manufacturer, and
model numbers. The units will be constructed adjacent to one
another, ensuring that the environmental conditions are also the
same. Power generation levels from both units will be
monitored and compared to conclusively show the positive impact of
the solar tracking technology.
The company's patented pending, Solar Tracker is designed to
automatically adjust the position of solar panels throughout the
day to directly face the sun as it travels from East to West. This
can significantly boost energy production levels of a solar power
system while reducing the payback period for solar power
investments.
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. This
reduces the number of solar panels needed to generate the rated
capacity. Due to this advantage, Mass Megawatts can deliver
more solar power at a lower cost when compared to traditional,
stationary systems. Mass Megawatts believes that their
tracking technology provides a competitive advantage that will soon
become a standard in the solar power industry. The company is
continuing to plan for residential and commercial installations
throughout the country.
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. Mass Megawatts sees an
opportunity to be leader in this industry by delivering a reliable,
low-cost solution.
With its patent pending, Solar Tracking and Wind Electric Power
Generation systems, and very little debt, Mass Megawatts believes
it is well positioned to expand production and meet its revenue
generation goals in both the near and long
terms.
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
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
Historical Stock Chart
From Apr 2023 to Apr 2024