WORCESTER, MA, Aug. 31, 2022 (GLOBE NEWSWIRE) — Mass Megawatts Wind Power, Inc. (OTC: MMMW) www.massmegawatts.com announced that it has improved its patent-pending solar tracking technology to improve energy production levels by an additional 7%.
The company’s Solar Tracking System (STS) is designed to automatically adjust the position of solar panels so they face the sun directly as it moves east to west throughout the day. Additionally, with the company’s latest design enhancement, the tracking system will also cost-effectively adjust the panels based on the elevation of the sun each day. These adjustments will significantly improve the level of energy production from the solar panels.
This innovation is expected to increase the company’s STS power generation level by an additional 7% while requiring less than a 2% increase in system cost. This brings the total increase in electricity production to 37% while requiring a cost increase of less than 12%.
In other words, for an additional 12% investment, you can get 37% more power generation with the STS compared to a traditional fixed mount solar panel system. The STS would use the same number of solar panels as the stationary unit, but produce 37% more energy over the life of the unit. The electricity generated can be used for on-site consumption and/or revenue generation.
The solar tracking system increases the level of energy production from solar panels while reducing the payback period of solar energy investments. The technology is particularly well suited to commercial rooftop and ground locations. Additional government incentives, including tax credits, are also fueling demand for solar investments.
Unlike other solar tracking technologies, the Mass Megawatts Solar Tracker uses a low cost frame that adds stability to the entire system, while improving energy production levels. With this advantage, Mass Megawatts can provide more solar power at a lower cost compared to traditional stationary systems.
Mass Megawatts believes its tracking technology provides a competitive advantage that will soon become a standard in the solar energy industry. The company continues to plan commercial installations throughout the country.
You can listen to a recent interview with the company’s CEO, Jon Ricker, on https://youtu.be/3PDeAUwKCkg.
Global demand for solar tracking is expected to grow from the current market size of $2 billion to over $3 billion by 2025, with demand fueled by the growing need for clean, renewable energy sources that reduce the dependence on foreign energy sources. Mass Megawatts sees an opportunity to lead in this industry by providing a reliable, low cost solution.
With its patent-pending solar tracking and wind power generation systems and very little debt, including no convertible notes or toxic debt, Mass Megawatts believes it is well positioned to increase production and achieve its short and long term income generation.
As of the date of this press release, Mass Megawatts’ outstanding float is less than 138 million shares with a market capitalization of less than $4 million. The company was founded in 1997 and has never been a shell company.
Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and email 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 set forth herein include: the inability of Mass Megawatts Wind Power (MMMW), also known as Mass Megawatts Windpower, to obtain or maintain necessary zoning approvals with respect to the location of its energy developments; the ability to remain competitive; finance the marketing and sale 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 Inc.
[email protected]
www.massmegawatts.com
