Mass Megawatts Jumps Into Solar Market
Worcester-based Mass Megawatts Wind Power is entering the $12 billion U.S. solar power market, announcing the development of a new solar-tracking technology that it says will increase solar energy production 30 percent.
A statement by the publicly traded company said its patent-pending Solar Tracking System (STS) is designed to automatically adjust the positions of solar panels to receive an “optimal” level of direct sunlight throughout the day. Mass Megawatts said STS utilizes a low-cost structure that adds stability to a solar array while boosting energy production.
Earlier this year, Mass Megawatts, which has struggled financially since its founding 15 years ago, launched an effort to be profitable in its current fiscal year, which ends in April 2014. It said much of that goal will depend on the successful marketing of electricity at a deep discount in targeted geographical areas.
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