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

 

Mass Megawatts Wind Power (PK) (USOTC:MMMW)
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