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Losses continue at Mass Megawatts  

Credit:  By Brandon Butler, Worcester Business Journal Staff Writer, www.wbjournal.com 13 September 2011 ~~

Mass Megawatts Wind Power, the Worcester-based wind turbine technology company, announced a quarterly loss of $99,000 for the reporting period that ended in July.

But the result is an improvement compared to a $150,000 loss the company recorded during the same quarter last year.

The company is developing technology that aims to increase the velocity of wind when it hits turbines, which will produce more electricity.

The company has about $124,000 in debt.

Source:  By Brandon Butler, Worcester Business Journal Staff Writer, www.wbjournal.com 13 September 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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