Mass Megawatts Commences Construction on New Low Cost Wind System
WORCESTER, Mass., June 28, 2012 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMMW) today reports that construction started on a demonstration low cost wind system that implements the company's patented wind augmentation technology. At the same time, a wind unit without the new low cost augmenter will be installed next to the augmented system for the purpose of easily proving the reduction in the cost of producing wind generated electricity to potential customers.
The Mass Megawatts' wind augmentation system utilizes a less complicated and inexpensive wind-focusing technique to increase the wind velocity directed at the turbine by an average of 70%. This accelerated wind speed, in turn, triples the increase in the electrical power generated by the turbine.
The Company's augmentation system eliminates the need for turbine structures to exceed a height of 80 feet to realize adequate wind velocity. This reduces material and installation costs while expediting zoning approval in many locations. Additionally, the augmenter technology makes it possible for turbines to operate profitably in lower wind-speed locations.
Using horizontal or propeller type turbine blades, the cost per rated kilowatt is projected to be less than $1000 and anticipated to approach $600 in mass production. This compares very favorably with traditional wind power systems that realize a cost of $1500 to $2000 per rated kilowatt.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power's ability to produce a cost-effective wind energy conversion device. 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. Additionally, Mass Megawatts Wind Power stock quote and Mass Megawatts stock price may be impacted by global conditions. Mass Megawatts Wind Power expected uncertainty on the Mass Megawatts stock price and the MMMW stock quote.
SOURCE Mass Megawatts Wind Power, Inc.