MMMW NEWS! Mass Megawatts Announces Production Improvements with Goal of Meeting Customer Demand
Mar 19, 2015 (ACCESSWIRE via COMTEX) -- WORCESTER, MA / ACCESSWIRE / March 19, 2015 / Mass Megawatts Wind Power, Inc. (OTCQB:MMMW) today announces production modifications of its solar tracking system using more standard and readily available components. The company's primary goal is meeting customer demand of existing and potential sales in 2015. The patent pending, Mass Megawatts 'Solar Tracking System' (STS) is designed to increase solar energy production by approximately 25% for less than an estimated 7% additional cost than a standard stationary configuration. The new product automatically adjusts 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 utilizes an innovative structural design that combines a simple, yet robust, design. Just like other solar tracking technology, the solar panels are automatically repositioned throughout the day as the sun's position travels from east to west. However, other tracking systems are subject to wind related structural stress and are more expensive to overcome for weather related issues.
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 that's competitive to stationary, 5 kW systems. In the best locations with high electric prices and good incentives, this improved output translates into rate of return on investment of more than 25 percent. In other locations, the investment payback is projected to be less than three and one half years. 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, only approximately 55 million shares issued and outstanding and very little debt, Mass Megawatts believes it is well positioned to reach 2015 short term sales goals while expanding its infrastructure to support mass-production 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. 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 www.massmegawatts.com.
Massachusetts Solar Industry Continues Strong Growth
Showing big gains in all solar sectors, Massachusetts had the fourth most new solar capacity added last year in the nation, according to the recently-released U.S. Solar Market Insight 2014 Year in Review, but finished No. 1 for the first time among Northeast states. "To put the state's remarkable progress in some context, the 751 MW of solar installed today in Massachusetts is more than our entire country had installed by 2007, that's an amazing achievement," said Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA).
Showing big gains in all solar sectors, Massachusetts had the fourth most new solar capacity added last year in the nation, according to the recently-released U.S. Solar Market Insight 2014 Year in Review, but finished No. 1 for the first time among Northeast states. "To put the state's remarkable progress in some context, the 751 MW of solar installed today in Massachusetts is more than our entire country had installed by 2007, that's an amazing achievement," said Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA).
Submitted on 03/18/15, 11:05 AM
Showing big gains in all solar sectors, Massachusetts had the fourth most new solar capacity added last year in the nation, according to the recently-released U.S. Solar Market Insight 2014 Year in Review, but finished No. 1 for the first time among Northeast states.
In 2014, Massachusetts added 308 megawatts (MW) of solar electric capacity, bringing its total to 751 MW. That's enough clean, affordable energy to power more than 120,000 homes. The report went on to point out that Massachusetts biggest solar gains came in commercial installations, but residential installations set a new record, too. Of the new capacity added, 224 MW were commercial, 64 MW were residential and 20 MW were utility scale. Together, these installations represented a $791 million investment across Massachusetts.
"To put the state's remarkable progress in some context, the 751 MW of solar installed today in Massachusetts is more than our entire country had installed by 2007. That's an amazing achievement," said Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA). "Massachusetts also added more than 3,000 new solar jobs last year – an impressive 46 percent increase over 2013 – and we expect this strong growth to continue. We look forward to working with Gov. Charlie Baker and his administration on ways to develop a long-term framework for solar, which will help to keep the state's tremendous momentum moving forward."
Today, there are 368 solar companies at work throughout the value chain in Massachusetts, employing nearly 9,500 people. Massachusetts notable solar projects include:
* Warren Solar Farm was completed by developer First Wind. This photovoltaic (PV) project has the capacity to generate 14 MW of electricity-- enough to power over 2,300 Massachusetts homes.
* At 6 MW, Dennis Landfill Solar is among the largest solar installations in Massachusetts. Completed in 2014 by Clean Focus, this PV project has enough electric capacity to power more than 1,000 homes.
* Several large retailers in Massachusetts have also gone solar, including Walmart, Staples, Bed Bath and Beyond, and IKEA.
* Verizon has installed one of the largest corporate PV systems in the state with 1,020 (kilowatts) kW of solar capacity at their location in Billerica.
In addition to a robust commercial sector, Massachusetts' residential market also showed significant gains last year, with installed system prices dropping again – and down a total of 49 percent since 2010. Nationwide, the U.S. residential market added 1.2 GW of installed capacity in 2014, marking the first time that this growing sector surpassed 1 GW of clean, affordable solar. Residential also continues to be the fastest-growing market segment in the U.S., with 2014 marking three consecutive years of greater than 50 percent annual growth.
From an environmental perspective, solar installations in Massachusetts are helping to offset more than 615,000 metric tons of harmful carbon emissions, which is the equivalent of removing nearly 130,000 cars off state roads and highways or saving 700,000 gallons of gasoline.
"Today, the U.S. solar industry employs 174,000 Americans nationwide – more than tech giants Apple, Google, Facebook and Twitter combined – and pumps nearly $18 billion a year into our economy," Resch added. "This remarkable growth is due, in large part, to smart and effective public policies, such as the solar Investment Tax Credit (ITC), Net Energy Metering (NEM) and Renewable Portfolio Standards (RPS). By any measurement, these policies are paying huge dividends for both the U.S. and Massachusetts economies, as well as for our environment."
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