Boston, Massachusetts, November 19, 2021 (Global News Agency)-Mass Megawatts Wind Power, Inc. (OTC: MMMW) has continued to make progress in reducing the cost of solar power through two recent developments. It will reduce electricity costs through Mass Megawatts solar trackers and increase power output by 30%, while the additional cost is less than 10%. One of the developments is the availability of ultra-white paint using barium sulfate particles developed by researchers at Purdue University. The paint can be used on the roof of a solar device, and solar tracking is placed on the roof, the purpose is to reflect the energy of light generated on the back of the solar panels on both sides. Double-sided (two-sided) panels are called double-sided solar panels in the industry. The reflectivity of the paint exceeds 98%. It is an improvement of the best paint on the market, with a reflectivity of about 85%. Another development is a decision made by the U.S. International Trade Court earlier this week to re-exclude two-panel or double-sided solar panels from the recently reduced 201 15% solar panels imported mainly from Asia. Beyond tariffs.
Earlier this month, Mass Megawatts announced a 160kW project that uses a patent-pending solar tracker and leverages financial incentives developed in brownfields or environmentally challenging areas. Although the project is located outside the designated opportunity zone, which will also provide incentives for low-income communities, larger projects are being planned in the same community within the geographic location designated as the opportunity zone. These projects will take advantage of government incentives for sales to low-income electricity users. Most importantly, the use of virtual net metering protects the financial benefits of the project by placing the actual project in a different location from the residence of the low-income customer. If the electricity user cannot pay the electricity bill, it will be easier to appoint another user to maintain the revenue stream of the solar installation.
Based on the current federal and state incentives in Massachusetts, the project is expected to pay for itself in approximately three to four years. This 160-kilowatt project aims to reduce the cost of solar energy by adopting wind harvesting technology borrowed from wind energy technology to provide protection in the event of a high wind event. This technology improves the efficiency of the solar cell array without adding a lot of additional costs. Mass Megawatts is responsible for the on-site development, manufacturing, installation and interconnection obligations of solar projects. The solar project is located in a low-income area in Worcester, Massachusetts.
In other recent news, Mass Megawatts began to build two solar power systems to demonstrate the advantages of the company's patent-pending Solar Tracker technology. Both systems are being built at the same location in Worcester, Massachusetts. They will be the same, except that one system will include the company's Solar Tracker technology, while the other system will not. The performance of these systems will be compared to prove that solar trackers can increase power generation by 30% while increasing costs by less than 10%.
Each solar power system will contain six panels rated at 300 watts. The solar modules in each system are the same, including their purchase date, manufacturer, and model. These units will be built next to each other to ensure that the environmental conditions are also the same. The power generation levels of the two units will be monitored and compared to finally show the positive impact of solar tracking technology.
The company's patent-pending Solar Tracker is designed to automatically adjust the position of solar panels throughout the day so that it directly faces the sun when it moves from east to west. This can significantly increase the energy production level of the solar power generation system, while shortening the payback period of solar energy investment.
Different from other solar tracking technologies, Mass Megawatts Solar Tracker uses a low-cost framework to increase the stability of the entire system and at the same time increase the level of energy production. This reduces the number of solar panels required to produce the rated capacity. Due to this advantage, Mass Megawatts can provide more solar energy at a lower cost than traditional fixed systems. Mass Megawatts believes that their tracking technology provides a competitive advantage and will soon become the standard in the solar industry. The company is continuing to plan to install residential and commercial facilities across the country.
By 2025, the global demand for solar tracking is expected to grow from the current US$2 billion to more than US$3 billion, and the demand for clean and renewable energy continues to grow. By providing reliable, low-cost solutions, Mass Megawatts sees an opportunity to become a leader in the industry. With its patent-pending solar tracking and wind power generation system and very little debt, Mass Megawatts believes it has the ability to expand production and achieve near- and long-term revenue-generating goals.
Product information and sales inquiries can be made through the company's contact page www.massmegawatts.com and the email address on the website.
This press release contains forward-looking statements that may be subject to risks and uncertainties. Factors that may cause the actual event to differ materially from the events shown here include: Large megawatt wind power (MMMW), also known as large megawatt wind power, failed to obtain or maintain the necessary zoning approval development related to its power location; The ability to remain competitive; provide funding for the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports submitted by Mass Megawatts Wind Power (MMMW).
Contact: Mass Megawatts Wind Power Inc. info@massmegawatts.com www.massmegawatts.com
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