There is hardly any doubt that the world is slowly but surely moving towards a future in which environmentally responsible sources of energy are going to be the norm. It may take a long time but at the same time, it should be noted that most governments have launched policies that are meant for ushering in such an era. There are now plenty of companies that are also part of the same ecosystem and Mass Megawatts Wind Power Inc (OTCMKTS:MMMW) is one of them.
About The Company
It is one of the major players in the industry that is concerned with developing low-cost clean energy systems. Those systems are meant for meeting the significant worldwide demand for energy that has been produced through the deployment of environmentally friendly technologies.
It should also be noted that at this point in time the company has a number of innovations for the solar power system space in the pipeline, which are still at a patent-pending stage. Earlier in the month, the company had made a significant announcement that could have far-reaching effects on its business.
Aluminum Micro Smelter as Anchor for its Small Community Solar Project
Mass Megawatts Wind Power announced that the lion’s share of the electricity that is going to be generated at its 160 kW solar project is going to be directed towards powering a small-sized aluminum recycling plant. In this context, it should be noted that at least one electric induction surface is going to be powered by solar energy from the Mass Megawatts Wind Power project.
Mass Megawatts’ Regulation A Stock Offering is Sold Out at Five Cents a Share
Last month on December 7, 2021, the company had made an announcement with regards to the closing of its Regulation A stock offering that had been sold out for 5 cents a share.
Mass Megawatts Wind Power announced that it had managed to raise as much as $250000 in gross proceeds from the aforementioned offering. It had been suggested that the company could manage to produce as much as 30% more power if it could raise its costs by only 10% and hence, the raising of fresh capital was an important step. It now remains to be seen how the company progresses its projects in the near term.