WORCESTER, Mass. / ACCESSWIRE / June 12, 2014 / Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announced that the company is finalizing efforts to bring a new Solar Tracking technology to the $12 billion, US solar power market. The patented, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production levels by more than 25% over stationary, solar systems, while also reducing material and installation costs.
The patented, 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. 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, in order to reduce wind-related stresses and system downtime.
The STS allows Mass Megawatts to lower material costs and reduce the number of solar panels needed to generate the rated capacity. Due to this advantage, Mass Megawatts can deliver more solar power production at a price similar to lower-capacity, stationary systems. In many locations, this improved output translates into a 40% rate of return for the customer with investment payback occurring in the 4th year. Further, by taking advantage of a lease program or power purchase agreement (PPA) arrangement with the company, a customer may realize an immediate, positive cash flow, as energy savings and/or revenues can exceed the monthly payments due.
Starting at 6.25 kW rated units, a Mass Megawatts STS system is appropriate for ground-level, residential and business sites, as well as, commercial, roof-top installations. A typical 6.25 kW, STS would measure approximately 50' (L) x 15' (W) x 15' (H) and have a rated, life expectancy of 30 years. Mass Megawatts coordinates all aspects of system delivery, including permitting, installation, and working to obtain any available tax incentives. They monitor the performance of each system, and provide a full, performance guarantee.
With its patented, Solar Tracking System, Wind Electric Power Generation system, only approximately 45 million shares issued and outstanding, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production in the next year or two while expanding its infrastructure to support mass-production goals in the longer term.
Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com or phone (508) 751-5432.
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.
SOURCE: Mass Megawatts Wind Power, Inc.