Mass Megawatts Wind Power, Inc. (Mass Megawatts Wind Power) has reported revenues of $35,802 for the third quarter of fiscal 2008/09. It has also reported a net loss of $147,865, or 3 cents per share, for the third quarter of fiscal 2008/09, compared with the net loss of $47,508, or 1 cent per share, in the year-ago quarter.
The Mass Megawatts Wind Power’s wind power plant also known as the Multiaxis Turbosystem has recently launched an adjustable augmenter within the previous year. An augmenter increases the harnessed wind velocity to enhance the power output. The enhanced augmenter technology reduces the cost for heavy and expensive components being needed by previous versions of an augmenter.
In the past 12 months, the wind industry achieved a growth rate of more than 37% per year in the USA. In recent years, over $7 billion has been invested in new wind power plants worldwide.