Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) announced this morning the development of a new adjustable augmenter (patent pending) designed to lower the cost of wind power. The company states that this could possibly generate five times the revenue as the augmenter increases the wind power plant cost by only 30 percent. Mass Megawatts Wind Power expects to increase harnessed wind velocity by 70 percent.
Mass Megawatts uses several patented innovations to reduce the cost of producing wind power. The company expects to be competitive with fossil fuels like oil and natural gas at good wind locations. The wind industry, in the last five years, has achieved a growth rate of more than 25 percent per year.
Mass Megawatts Wind Power focuses on developing, building, and operating state-of-the-art wind energy power plants. Mass Megawatts has exclusive patent rights for building wind farms that produce energy at a lower cost than any other wind energy technology. The company estimates the cost of clean Mass Megawatts electricity is in the same range as fossil fuels, which are currently the cheapest source of electricity.
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