Mass Megawatts Announces Improvement to Increase Power Output of an Additional Twenty Percent for a Small Additional Cost

Rhea-AI Summary

Mass Megawatts (OTC: MMMW) has announced a 20% improvement in power output through a redesign of their patent-pending solar tracker, which optimizes solar reflection from the back of panels. This innovative system is designed to withstand high winds, with panels able to turn 90 degrees to minimize wind impact. Additionally, the solar tracker technology is expected to enhance energy production levels by 7% by adjusting to the sun’s altitude. Mass Megawatts aims to capture a portion of the solar tracker market, projected to exceed $3 billion by 2025, thanks to its lower-cost solutions.

Positive

• 20% increase in power output from redesigned solar tracker.
• 7% improvement in energy production by adjusting panels to sun's altitude.
• Well-positioned to participate in a growing solar tracker market valued at over $3 billion by 2025.
• Lower-cost solar tracker system compared to competitors enhances competitive advantage.

Negative

• None.

WORCESTER, Mass., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Mass Megawatts (OTC: MMMW) www.massmegawatts.com announces the improvement of an additional 20 percent  with an innovative redesign of its patent pending solar tracker to maximize the albedo or solar reflection effect of receiving electric power output from the backside of solar panels that can accept solar rays from both sides of the solar panel. The cost saving improvement is possible since the patent pending solar tracker has the competitive advantage of using a low-cost method for protection against high wind and hurricane related events. The solar panels attached to the tracker platform would force the face of the panels to turn 90 degrees from the direction of the wind.  The system allows a slip feature during high wind conditions. Once the wind returns to less dangerous levels, the tracker resumes its operations. The “yaw sideways” technique avoids the need for additional material and cost needed to protect against high wind events.

In addition to the increased power output from enhancing the solar panel backside reflection, Mass Megawatts also announced recently that it has enhanced its patent-pending, Solar Tracking technology to improve energy production levels by an additional 7% with the adjustment of the panels based on the sun’s altitude each day.  These adjustments are also expected to improve the power generation level of the solar panels.

Mass Megawatts is developing a patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) which 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 utilizes a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather. The technology reduces wind-related stresses and system downtime. The STS allows Mass Megawatts to lower the cost of material and reduce the number of solar panels needed to generate the rated capacity. Due to this advantage, Mass Megawatts STS systems can deliver more solar power production at a price similar to lower-capacity, stationary systems.

The key driver to future sales is the use of solar trackers being known to reduce the cost of solar powered electricity. Although Mass Megawatts in 2023 is aiming to achieving a very small fraction of global demand of this specific solar market segment, the solar tracker market is anticipated to be worth more than $3 billion by 2025 expanding from the current market size of about $2 billion. Mass Megawatts sees an opportunity to be part of the growing solar tracker market with a lower cost product than the trackers marketed by other solar tracker companies in this high growth segment of the solar energy market.  A solar tracker is a method of tracking the sun throughout the day for a photovoltaic (PV) system. In order to increase energy output throughout the day. The market is anticipated to have substantial growth due to the growing need for renewable energy.   

With its patent pending, Solar Tracking System, Mass Megawatts believes it is well positioned for expanded production and supporting its revenue generation goals in the longer term.

Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com  .

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.

Contact:

Mass Megawatts Wind Power, Inc. 

info@massmegawatts.com

www.massmegawatts.com

FAQ

What is the recent announcement from Mass Megawatts regarding their solar technology?

Mass Megawatts announced a 20% improvement in power output from their redesigned solar tracker, along with an additional 7% energy production improvement.

How does Mass Megawatts' solar tracker technology work?

The solar tracker uses a unique design that maximizes solar reflection from both sides of panels and adapts to wind conditions to enhance energy production.

What market opportunity is Mass Megawatts targeting?

Mass Megawatts is targeting the solar tracker market, which is expected to grow from $2 billion to over $3 billion by 2025.

How does Mass Megawatts' solar tracker differ from others?

Their solar tracker features a low-cost structure and innovative design that improves stability and reduces material costs compared to traditional solar trackers.