Mass Megawatts Targets Profitable Fiscal Quarter Ending October 31 and Introduces New Tech for Potential Project Paybacks of Less Than Three Years on June 29
Mass Megawatts Targets Profitable Fiscal Quarter Ending October 31 and Introduce New Tech for Potential Project Paybacks of Less Than Three Years on June 29
WORCESTER, MA -- June 9,2023 -- InvestorsHub NewsWire -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) www.massmegawatts.com targets a profit later this year and is set to disclose new technology with an anticipated much greater impact on the renewable energy industry than the previously disclosed Mass Megawatts solar tracking system. In combination with its solar tracker, new patent pending Stirling engine, and new patent pending solar concentration techniques, Mass Megawatts believes that the time is right to accelerate the renewable energy revolution that is getting stronger every day.
The new technology will be the company's most important application of its previously disclosed patent pending solar tracker which can produce 35 percent more solar power for less than ten percent additional cost. A video on the home page of www.massmegawatts.com summarizes the previously disclosed patent pending solar tracker.
Mass Megawatts recently launched an incentive program of cash bonises and equity incentive awards to solar account acquisition and production team members. The incentives reflect the commitment and encouragement of Mass Megawatts toward its team members. Milestones and objectives can achieved in a timely manner with the incentive program. One of the objectives is profitability before the end of the second fiscal quarter ending October 31,2023.
Additionally, recent changes present potential sales opportunities in California with new regulations. Solar trackers can be used as a tool to increase power output during "On Peak" Hours to avoid some of the battery storage cost related to the implementation of NEM 3 in California for new solar projects starting in April 2023. Stationary solar power units generally produce most of their power output during off peak hour which is less valuable under California's NEM 3 pricing guidelines being effective during April 2023. Solar trackers have the advantage of increased power output in the late afternoon when electricity is more valuable with the solar trackers moving the solar panels to face directly into the sun throughout the day.
The company's Solar Tracking System (STS) in itself is a new patent pending product that significantly reduces the payback period for solar power investments. The projects using only the previously disclosed solar tracker can pay for itself in less than five years at many locations. It is designed to automatically adjust the position of solar panels to directly face the sun as it travels from East to West throughout the day. Unlike other solar tracking technologies, the Mass Megawatts Solar Tracker utilizes a low-cost framework that adds stability to the overall system, while improving energy production levels.
Mass Megawatts has less than 155 million shares issued and outstanding with a market capitalization under
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 (MMMW), 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 (MMMW).
Contact:
View the original version - https://ih.advfn.com/stock-market/USOTC/MMMW/stock-news/91290015/mass-megawatts-targets-profitable-fiscal-quarter-e
