Definitions
from The American Heritage® Dictionary of the English Language, 4th Edition
 n. One million watts.
from Wiktionary, Creative Commons Attribution/ShareAlike License
 n. One million ( 106 ) watts, abbreviated as MW.
from The Century Dictionary and Cyclopedia
 n. A unit of power or activity equal to 1,000,000 watts.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
 n. a unit of power equal to one million watts
Etymologies
from Wiktionary, Creative Commons Attribution/ShareAlike License
Examples

You can see the commercial potential here if you note that just one megawatt is enough power roughly 1,000 U.S. households.

A megawatt is a snapshot figure, roughly equal to the amount of electricity needed to power 750 typical homes at any given moment.

A megawatt is a snapshot figure, roughly equal to the amount of electricity used by 750 typical homes at any given moment.

We've got the 1.6 megawatt, which is the highest performing unit.

Total shipments in the third quarter of 2011 were 445 megawatt, which is at the low end of our guidance of 450 megawatt.

A megawatt is a snapshot figure, roughly equal to the amount of electricity used by 750 houses at any given moment.

A megawatt is a snapshot figure, equal to the amount of electricity used by 750 typical homes at any given instant.

A megawatt is a snapshot figure, roughly equal to the amount of electricity used by 750 typical homes at any given instant.

For example, in a market technique known as megawatt laundering, wholesalers bought up electricity in California at below cap price to sell out of state, creating shortages.

A megawatt is a snapshot figure, roughly equal to the amount of electricity used by 750 average homes at any given instant.
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