WORCESTER, Mass., October 3, 2013 /Accesswire/ - Mass Megawatts Wind Power, Inc. (MMMW) reports that development of their patent pending, low-cost, ‘Solar Tracking System’ is nearing completion. The initial demonstration unit is currently under construction in Worcester, Massachusetts with completion anticipated over the next week.
Mass Megawatts recently announced the company's entry into the $12 billion, US solar power market with the development of a new solar tracking technology designed to increase solar energy production by 30%. The patent pending, Mass Megawatts 'Solar Tracking System' (STS) is designed to automatically adjust the position of solar panels to receive an optimal level of direct sunlight throughout the day. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while improving energy production levels.
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. Specifically, the company plans to offer 6.25 kW rated STS units at a price below current stationary, 5 kW solar-power systems. In ideal locations with high electric prices and favorable incentives, this improved output translates into a 40% ROI with payback occurring in the 3rd 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 received will exceed the monthly payments due.
Future versions of the STS will offer a dual-tracking capability, which can further improve solar power generation levels by an additional 10%. The added stability of the STS framework prevents down-time and repairs from extreme weather and winds up to 120 mph. Traditional tracking systems are subject to wind related structural stress and are more expensive to develop and install.
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. 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 patent pending, Solar Tracking System, Wind Electric-Power Generation system, a new retail sales business, only approximately 30 million shares issued and outstanding, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
Certain key components of the initial unit were generously donated by E Nordby and Associates of Southbridge, Massachusetts.
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. Additionally, Mass Megawatts Wind Power stock quote and Mass Megawatts stock price may be impacted by global condition. Mass Megawatts Wind Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
Product information and sales inquiries can be made through the company's contact page at http://www.massmegawatts.com/
Mass Megawatts Wind Power, Inc.