There were a number of companies that had come into focus on Thursday and one of those was Mass Megawatts Wind Power Inc (OTC:MMMW), which made a significant announcement. The company announced that its Concentrated Solar Power Tracking System (CST), which is at a patent pending stage had been enhanced to work with regular photovoltaic solar panel systems and thermal-based Sterling engines.
The stock has been showing a consistent uptrend since mid-June and moved from $0.01 to $0.025 on increased volume.
That would help in pushing down the cost of power generation considerably. It was a significant announcement from the company since the innovations could help in setting a new standard with regard to reliable and low-cost energy production.
It could now be a good idea for investors to take a closer look into CST and have a better idea about the system. Mass Megawatts reported yesterday that it expects CST to generate 170% more energy when compared to the non-tracking, traditional solar power system.
The technology would also help in bringing about a considerable reduction in the costs of solar energy production and bring it to a level that would be significantly below the solar power technologies which are currently available in the market. It would be far more cost-effective when compared to fossil fuel-based power generation systems as well.
Solar power generation systems experience a common problem of overheating of the solar panels and that is one problem that the CST solves. The system provides a heat shield for the panels that enable visible light waves to hit the panels but at the same time, it blocks the heat-generating infrared waves.
This feature is important since it helps in preventing overheating of the solar panels and helps in maximizing solar power generation. It remains to be seen if the stock can manage to come into focus among investors today or not.