Mass Megawatts Wind Power, Inc. has announced its entry into the $12 billion, U.S. solar power market with the development of a new solar tracking technology designed to increase solar energy production by 30%.
The patent pending, Mass Megawatts ‘Solar Tracking System, or STS, is designed to automatically adjust the position of solar panels to receive an optimal level of direct sunlight throughout the day. According to Mass Megawatts, STS is unlike other solar tracking technologies in that it utilizes a low-cost structure that adds stability to the overall system while improving energy production levels.
The STS utilizes an innovative structural design that combines a simple, yet robust, A-frame design with a low-cost, protective outer-wall. Using a non-electrical, passive tracking technology, the solar panels are automatically repositioned throughout the day as the sun's position travels from east to west. This allows the panels to receive more direct sunlight and to generate more solar power for the customer. With this system, according to Mass Megawatts, solar power production is increased by up to 30% as compared to stationary configurations.
Mass Megawatts says it is able to lower material costs and reduce the number of solar panels needed to generate the rated capacity using STS. Due to this advantage, Mass Megawatts can deliver more solar power production at a price similar to lower-capacity, stationary systems. Specifically, the company plans to offer 6.25 kW rated STS units at a price that’s competitive to stationary, 5 kW systems. In the best locations with high electric prices and good incentives, this improved output translates into a 40% rate of return on investment. In other locations, the investment payback is projected to be less than three and one half years. Additionally, by taking advantage of a lease program or power purchase agreement arrangement with the company, a customer may realize an immediate, positive cash flow, as immediate energy savings and/or revenues will be realized and/or exceed the monthly payments due.
ABOUT MASS MEGAWATTS WIND POWER
Mass Megawatts Wind Power, Inc. is a leader in the development of a revolutionary wind power technology, bringing a product to the renewable energy marketplace capable of producing electricity at a cost 30% lower than other wind power equipment. Designed on a paradigm that 'lower height, lower wind speeds and lower costs equal higher profits', this technology puts MAT electricity generation on a competitive footing with fossil fuels, such as coal and natural gas.