MMMW News Out
Mass Megawatts Announces Plan to Use Frankenstein Solar Tracker to Slash Hot Water Cost for Three Year Payback
Print
Alert
WORCESTER, Mass. - November 10,2014 - InvestorsHub NewsWire - Mass Megawatts Wind Power, Inc. (OTCQB: MMMW) announces plans to use the Frankenstein Solar-Power Tracking System (STS) to significantly reduce the cost associated with hot water heating for commercial applications. Businesses that use a substantial hot water load, including laundries, car washes, restaurants, hospitals, and health clubs, will realize an excellent return with the company’s solar hot water system. The patent-pending, solar tracking system delivers a low-cost framework to improve heating efficiency and to lower costs.
The innovative, Solar-Power Tracking System (STS) is a complete solar thermal system designed to automatically adjust the position of its solar panels throughout the day to receive an optimal level of direct sunlight. Concentrators can improve the output further in solar thermal applications of the solar tracker unlike photovoltaic uses of the new technology. This improves the efficiency of the heating system and, in many cases, the payback period can be reached in the third year. Many businesses, across several industries, require high water loads that can benefit from this technology.
With the patent-pending STS, Mass Megawatts has developed a more efficient way to track the sun. While conventional solar trackers in the use of solar cell electric applications may increase solar costs by 15% or more to achieve a 25% power-output increase, the Mass Megawatts STS only requires a 5% increase in system cost.
The STS utilizes a revolutionary, patent-pending framework that significantly reduces the torque required to adjust the position of its solar panels throughout the day. Unlike other tracking technologies that apply a vertical, up-and-down motion, the STS rotates the solar panels into position using a horizontal motion anchored at the base of each solar unit. The amount of torque needed to accomplish the tracking movement is minimal, and can be accomplished with a simpler, lower-cost design.
The STS also allows multiple solar-units to share the same tracking mechanism. This dramatically reduces the cost to implement a solar tracking solution at larger capacity installations, with costs projected to drop from 15+% down to 5%. This is a substantial savings that significantly improves ROI and shortens the payback-period for a solar-power investment. With the Mass Megawatts STS, you get a 28% increase in solar-power generation with a minimal increase in capital expenditures.
Mass Megawatts is preparing for its next STS installation that will deliver 25kW of capacity at a commercial roof-top installation in Worcester Massachusetts. The STS will provide energy for up to 30 homes in the local area. The company is prioritizing requests for the STS from several companies across the Northeast.
With its patent pending, Solar Tracking System, Wind Electric-Power Generation system, a new retail sales business, only approximately 50 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.
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.