Mass Megawatts Solar Tracker Present Unique Scalability Advantages for Reducing Desalination Cost
Mass Megawatts Wind Power (OTC Pink: MMMW) announces its innovative vertical single axis solar tracker, aimed at reducing desalination costs for fresh water production. The company will become a Full SEC Reporting Company on July 7, 2022, enhancing transparency. Mass Megawatts reports its best cash position in history, facilitating new product manufacturing and initial sales of its patent-pending solar tracker. The growing solar tracker market is projected to reach over $3 billion by 2025. With minimal debt, Mass Megawatts aims for long-term revenue and production growth.
- Best cash position in corporate history supports new product manufacturing.
- Patent-pending solar tracker technology designed to reduce material and installation costs.
- Projected solar tracker market growth to over $3 billion by 2025 presents significant opportunity.
- Risks related to necessary zoning approvals for power developments.
- Competition from established solar tracker technologies may hinder growth.
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WORCESTER, Mass., June 22, 2022 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) announces that the vertical single axis design of its solar tracker can cost effectively scale up its size to reduce the cost of desalination for producing a larger volume of fresh water. Desalination from solar trackers can concentrate the sun’s heat as it is applied to salt water. The water would evaporate and leave behind the salt. The water vapor is collected and condensed as fresh water. Competing solar trackers like horizontal single axis solar trackers or dual axis versions can also be used for desalination. However, their additional cost for producing larger volume desalination would reduce their ability to be competitive.
In recent financial related news, Mass Megawatts will be a Full SEC Reporting Company on July 7,2022. The reporting requirements will generate better transparency with the investment community. The Company recently filed a Form 10 registration statement and amended Form 10 registration statements to register its common stock, no par, under the Securities Exchange Act of 1934 as amended. The ongoing filings as a full reporting company will provide more detailed business and financial information of the Company with its future reporting requirements.
In other recent news developments, the Company reported the best cash position in its corporate history allowing the opportunity for achieving its goals of producing sales toward the path of profitability. The Company can move forward with new product manufacturing and a few small commercial sales of the new patent pending solar tracker. The use of solar trackers is known to reduce the cost of solar powered electricity. Although Mass Megawatts is aiming to achieving a very small fraction of global demand, the solar tracker market is anticipated to be worth more than
Mass Megawatts is finalizing efforts to bring a new Solar Tracking technology with more electric cost savings for its customers in comparison to its stationary units. The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production while and at the same time reduce material and installation cost.
The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) 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 also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather, in order to reduce 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 can deliver more solar power production at a price similar to lower-capacity, stationary systems.
With its patent pending, Solar Tracking System and Wind Electric Power Generation system and very little debt. 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 and the e-mail address on the website.
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.
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