Mass Megawatts with Best Cash Position in Years Being Critical Toward Producing Initial Patent Pending Solar Tracker Sales
WORCESTER, Mass., Dec. 03, 2020 (GLOBE NEWSWIRE) — via InvestorWire — Mass Megawatts Wind Power, Inc. (OTC:MMMW) announces progress toward initial new product corporate growth objectives. It can be achieved with additional cash made recently available to the company. The ability to move forward with the growth of new product manufacturing and a few small commercial sales of the new solar tracker product brings a new level of optimism in gaining some traction with our new patent pending solar tracker in 2021.
The use of solar trackers is known to reduce the cost of solar powered electricity. Although Mass Megawatts in 2021 is aiming to achieving a very small fraction of global demand, 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. In order to increase energy output throughout the day. The market is anticipated to have substantial growth due to the growing need for renewable energy.
The use of solar trackers is known to reduce the cost of solar powered electricity. Although Mass Megawatts in 2021 is aiming to achieving a very small fraction of global demand, 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. In order to increase energy output throughout the day. The market is anticipated to have substantial growth due to the growing need for renewable energy.
