Mass Megawatts Windpower case study
Mass Megawatts must pay a royalty fee to the subsistence based on two percent of the net sales of Mass Megawatts for the life f the patent of each product. The sub-licensor is Windstorm International of Putnam, Connecticut who received a license agreement from Jonathan Richer, the Chairman and Chief Executive Officer of Mass Megawatts. Richer Is the owner of the patent rights of the licensed technology to Windstorm International. Several of the patents were filed in the Patent Cooperation Treaty Applications and National Phase patents in many nations and all major countries.
The limited territory covered by the license to Mass Megawatts is defined as: Massachusetts, New York, New Jersey, Pennsylvania, California, Illinois, Kansas, Michigan, Minnesota, Nebraska, North Dakota, South Dakota, Texas, Vermont, Washington, and Wisconsin.
(Mass Megawatts, Annual report) Product Information Industry Structure: According to the U. S. Department of Energy, wind energy is rapidly becoming one of the least expensive and most abundant new sources of electricity with capacity expected to increase and costs decrease over the next two access. Instant Ilea wino energy In ten us Market Is growing Day over annually.
Not factoring Mass Megawatts MAT product, World Energy Council expects new wind opacity worldwide to continue to grow. A 2008 report put out by the Department of Energy examined a scenario here the U.
S. Reaches 20% wind electricity by 2030, concluding it is technically and economically feasible. (AWE) MAT technology fits perfectly into the localized ‘distributed energy models’ that have been adopted by Federal and State agencies to promote energy independence and the redesign of our power transmission and distribution network into a national ‘Smart Grid’.
The continued evolution of this technology is evident with the existence of varying wind turbine designs. However, there is division in the wind industry between those who want to capitalize on the emerging respect the business community has for established, mature wind technology, and those who seek new technologies designed to bring about significant cost reductions. Mass Megawatts chooses to seek new horizons beyond current perception and knowledge by developing new technologies that will significantly reduce wind energy costs.
As a result, their products can be seen as participants in several different industries. MM, Website) Over the past two decades, the wind energy industry has studied and improved wind turbine sign and operation. Federal research first focused on very large utility scale machines with a capacity of 1 to 5 megawatts. Focus continued on large machines during the sass’s and sass’s when many wind turbines developed had 200 Ft. Blades. In the sass’s, small wind turbines became an option.
The majority of wind turbines today are mid-sized with 50-500 skew peak capacity. Most turbines built today are old propeller-based turbines that have upwind, horizontal axis 3-blade construction with a 500-600 kilowatt rating.
These turbines look like giant fans with thin blades and the cost of energy from them is near the upper limit due to size effectiveness and efficiencies of mass production. These propeller-driven turbines are based on many years of testing and experience but the industry is in need of more efficient innovations. Numerous alternative turbines have been developed and include one- blade and two-blade machines, vertical axis design, variable speed designs, direct drive between blades and generator rather than gearbox.
(MM, Annual Report) The renewable-energy sectors, such as wind and solar power, are expanding rapidly in the U.
S. And Europe, mostly due to sharp price drops for key parts. This has triggered a trade battle between U. S.
And European firms against low-cost competitors from China. The Chinese government has claimed that it is due to improved technology. After a complaint by the Wind Tower Trade Coalition, the U. S. Commerce Department determined that Chinese manufacturers of steel wind towers that support turbines dumped their products at below market prices. As a result, the following tariffs were levied on Chinese and Vietnamese manufacturers: 20.
85% on Titan Wind Energy Co. Ltd. 26. 25% on CSS Wind Corp..
And Snivel Wind Group Co. ND 52. 67% on CSS Wind’s Vietnam unit. Other Chinese producers face a rate of 72. 69%. Other Vietnamese producers face 59.
91% tariffs. Monsoons, Keith). Firm Conduct: Wind energy is booming and it is the fastest growing source of energy worldwide for three consecutive years according to the National Renewable Energy Laboratory in Boulder, Colorado. Some fossil fuel energy companies, regarded for their forward thinking management, see opportunities in wind power development TTS NAS Eden achieved. The total world investment in wind power projects in 2007 is more than $8. 5 billion according the American Wind Energy Association.
As wind energy technology gains wider acceptance, competition may increase as large, well- capitalized companies enter the business. Although one or more may be successful, Mass Megawatts’ technological advantage and early entry will provide a degree of competitive protection. Performance: Mass Megawatts has no history of bankruptcy, receivership or proceedings. There has been no major reclassification, merger, consolidation or a significant sale or purchase of assets other than in the ordinary course of business. Mass Megawatts has never recorded any significant revenues and is unlikely to be successful without additional funding.