Mass Megawatts Announces $1 Million New York Project Sale
WORCESTER, Mass., April 7, 2009 / PRNewswire-FirstCall via COMTEX
Mass Megawatts Wind Power, Inc.(OTC Bulletin Board: MMGW) developer of the MAT (Multiaxis Turbosystem) today announced the sale of a 500 kW wind power project in New York State for $1 million. The group purchasing the 500 kW MATS wind power project is headed by Catherine and Daniel Donnelly, principals of Donnelly Mechanical, the major New York City based HVAC and mechanical provider.
In addition to the recent sale, Mass Megawatts plans to interconnect the 90 kW unit for the U.S. Army at Fort Huachuca in Arizona to the utility grid within the next week. The 90 kW unit that was originally planned as a 50 kW unit has been cleared for interconnection as a 90 kW unit.
"Donnelly Mechanical has been moving very quickly into the space of providing sustainable energy solutions for New York City businesses, and this initial wind power project, along with our participation to accelerate the manufacturing and distribution of Mass Megawatts' MAT technology throughout New York State, is a natural progression," a Donnelly Family spokesperson said in a prepared statement.
With the founding of the 'New York City Green Team,' a broadly based coalition of the City's construction trade, engineering and architectural firms, Catherine and Daniel Donnelly have become leading proponents of Mayor Michael Bloomberg's vision to make New York the United States' most sustainable metropolis.
Donnelly Mechanical's newly formed Sustainable Energy Services has consolidated the Company's established competencies in energy procurement, management and conservation services, along with renewable energy solutions into one division.
The Donnelly's had followed Mass Megawatts' development of the Multiaxis Turbosystem and Augmenter over the course of time, and, as the newly introduced technologies were commercialized, entered into formal negotiations with Mass Megawatts, resulting in the 500 kW purchase and the strategic alliance for the introduction of these new wind power technologies, including an advanced version of the Mass Megawatts Wind Augmenter (Patent Pending), into the New York marketplace.
This breakthrough augmenter technology, now incorporated in all MAT models, enables electricity to be produced at a lower cost than any other wind turbine manufacturer, while making it directly competitive with fossil fuel generation.
A recognized leader in New York's business community, Donnelly Mechanical was listed in 2008 as one of the 'Best 50 Companies to Work for in New York' by Crain's New York Business, along with Microsoft Corporation, Rand Engineering, Cushman & Wakefield, Goldman Sachs, Loews Regency Hotels and other national enterprise level firms.
Donnelly Mechanical is also a construction partner and major provider for many of the country's preeminent companies, including JP Morgan, Apple, Bank of America, Reuters, Major League Baseball, Disney / ABC and Microsoft.
With senior staff members LEED certified by the US Green Building Council and a reputation as 'New York's Green Mechanical Company,' the Donnelly's entry into the renewable energy markets was viewed as part of a grander strategy by sources close to the company.
Peter Cucci, a New Jersey based architect and renewable energy consultant, who represents a number of parties engaged in discussions with Mass Megawatts, released a statement that read, in part, "New York possesses one of the Eastern United States' most productive wind resources, and much of it lies within 150 miles of New York City. Catherine and Daniel Donnelly were very savvy in their recognition of the environmental and economic synergies that regional wind power can bring to their New York City client base. They are esteemed leaders in New York's 'true green' community, and this agreement really puts Donnelly light years ahead of anyone else in the Metropolitan Region. The investors I represent are eager to engage in a shared vision with them."
The technology of low profile and height is completely acceptable in communities where 200 foot towers are fought tooth and nail. Townships across New York State that have commercial grade wind resources which can bring them economic prosperity often don't want to face the loss of view and the myriad of problems the big towers present.
The introduction of the commercialized MAT technology in New York State has the potential of having a profoundly positive impact for many communities, beginning with New York City, but, just as importantly, reaching into the rural areas of the State. The investment group is in discussions now with the industrial development corporations of two upstate counties regarding the placement of a manufacturing facility within one of their footprints, which will mean the creation of fabrication and installation jobs, along with sales, operations and administrative positions.
Over the next year, the MAT will be brought to NYSERDA (New York State Energy Research Development Agency) for certification under the Agency's incentive plan for wind installers.
In a statement released to local media, Daniel Donnelly, stated that "New York City has some of the highest priced electricity in the Country, while at the same time we have tremendous wind resource along our shorelines and in our nearby mountain regions. Whether we provide our clients with opportunities for long term wind-based power purchase agreements, direct ownership in wind farms to provide physical hedges that protect them from rising prices, or make renewable energy credits available to them to fulfill goals of sustainability and environmental stewardship, we are certain that the new wind power technology will be a big step in bringing the dream of an energy independent America, with cleaner air and purer water, closer to a reality."
