Mass Megawatts Announces Procurement, Finance, and Installation Partnership for Bringing the Best Solar Project Value in 19 States

Rhea-AI Summary

Mass Megawatts (OTC: MMMW) has partnered with installsolarnow.com to provide low-cost solar projects across 19 states, including major markets like California and North Carolina. The collaboration aims to offer competitive solar equipment pricing and 100% financing for eligible projects. The company has also reported significant advancements in its solar tracking technology, with a 20% improvement in power output and an additional 7% increase through enhanced adjustments for sunlight positioning. Mass Megawatts is strategically positioning itself in a growing solar tracker market, expected to reach $3 billion by 2025.

Positive

• Partnership with installsolarnow.com to expand solar project availability in 19 states.
• 100% financing options available for many solar projects.
• 20% improvement in solar power output with new tracker design.
• 7% additional energy production improvement from daily sunlight adjustments.
• Cost-competitive solar tracking technology positions the company advantageously in a growing market.

Negative

• None.

BOSTON, Mass., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Mass Megawatts (OTC: MMMW) www.massmegawatts.com announces a partnership with installsolarnow.com for bringing low cost solar projects to 19 states including California, Colorado, Illinois, Maryland, North Carolina, New Mexico and Virginia. The partnership will allow access to the best solar equipment at the best price. Many solar projects in the 19 states will be eligible for 100 percent financing. For customers who require a new roof, we can provide them a process for taking advantage of the favorable tax deduction status of installing a new roof while adding solar equipment. We can streamline the process toward delivering a custom proposal and the best plan for the customer.

In other news, Mass Megawatts recently announced the 20 percent solar power output improvement in addition to the previously announced 37% increased power output 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 for increasing solar 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 latest partnership announced by Mass Megawatts (MMMW)?

Mass Megawatts has formed a partnership with installsolarnow.com to deliver low-cost solar projects across 19 states.

How much improvement in solar power output did Mass Megawatts announce?

Mass Megawatts announced a 20% improvement in solar power output with their redesigned solar tracker.

What is the solar tracker market forecast for 2025?

The solar tracker market is expected to grow to $3 billion by 2025.

What financing options are available for solar projects through Mass Megawatts?

Many solar projects through Mass Megawatts are eligible for 100% financing.