Dominovas Energy Seeks to Become an Exclusive Energy Provider for the University of Johannesburg
22 September 2016 - 1:30PM
InvestorsHub NewsWire
ATLANTA,
GA--Dominovas Energy Corporation (OTCQB: DNRG) today announces it
has entered into formal negotiations with key officials at the
University of Johannesburg to become the exclusive supplier of
electricity for the campuses of the University of Johannesburg in
Johannesburg, South Africa utilizing Dominovas Energy’s
RUBICON™
Solid Oxide Fuel Cell (SOFC) technology. The Company has
submitted its Energy Solutions Technical Survey to
facilities managers of the University that will determine the
overall need of the campuses and will ultimately set the stage for
the execution of a formal Power Provider Agreement (PPA) between
Dominovas Energy and the University of Johannesburg. The
total number of Megawatts(MW) expected from the PPA will be a
minimum of 12MW.
"As we have been
working very closely with University officials over the last number
of months, this was a natural progression of business, having first
come together to facilitate the 50kW Showcase at the University of
Johannesburg. As the ‘right’ individuals have become more
educated on the prowess and efficiency of Dominovas Energy’s
RUBICON™ system, the inquiries became
more specific as to what the Company could do for the University at
large to deliver a cleaner, more efficient use of resources for the
generation of electricity,” Dominovas Energy COO and president of
its fuel cell division Michael Watkins commented. “The key
was to first determine the energy need of the University and those
steps are underway as we speak. The second step was to insure
a dedicated fuel source was in place to power the
RUBICON™”,
Watkins went on to say.
The
RUBICON™ has the
ability to reform multiple hydrocarbons to be utilized as a fuel
source, however, the reliability of delivery of said fuel source
and the consistency of the fuel source is critical to the overall
operation of the system to generate continuous electricity.
Dominovas Energy and the University of Johannesburg officials are
working in tandem to insure the delivery of a reliable natural gas
fuel source, as the logistics for other fuels such as Liquefied
Petroleum Gas (LPG) and Diesel fuel do not support a seamless,
reliable and consistent delivery in the University that can be used
in the RUBICON™.
When asked how this
will impact the launch of the 50kW Showcase, Watkins said,
“This is a long-term play for Dominovas Energy to provide
utility-scale electrification to Africa, and as soon as a reliable
natural gas source is in place, the Company will be ready to fire
up the ‘Showcase’ and show its capabilities to the public at large.
I will be able to offer a concrete timeframe for the delivery
of the fuel source and subsequent launch in a matter of days.
However, while we work to insure the delivery of dedicated natural
gas infrastructure to the University, I am excited that the
exercise of working in collaboration has now led to our becoming an
exclusive electricity provider. It speaks an awful lot about
the dedication of effort and the technical work that is happening
behind the scenes in an effort to deliver our system to the
sub-Saharan region and beyond,” Watkins concluded.
University
officials are finalizing Dominovas Energy’s Energy Solution
Technical Survey, which will allow Dominovas Energy to be able
to conduct a complete and thorough analysis of the overall “State”
of electricity at the University of Johannesburg. With this
analysis, the Company will create a report on current
inefficiencies within the current infrastructure and will further
show the potential savings that will be realized utilizing the
RUBICON™ to
generate electricity.
About Dominovas Energy
Corporation (OTCQB:
DNRG)
Founded in 2005, Dominovas
Energy Corporation (DEC) is a publicly traded company, based in
Nevada. With its operating headquarters in Atlanta, Georgia,
USA, Dominovas Energy Corporation is a leading power solutions
provider to emerging markets around the world. DEC employs
its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology
for deployment in multi-megawatt power generation units worldwide.
The worldwide pursuit of clean and efficient production of
electricity via Solid Oxide Fuel Cell technology inspired its
founders to create an "energy solutions" company. Recognizing
that "green" and "alternative energy" markets offer immense
potential for growth, Dominovas Energy is aggressively moving to
allocate its intellectual and financial capital forthwith, in order
to strategically address a green energy solution that is 100%
reliable, efficient, and measurably cleaner than GenSets and
CCGT. Additionally, unlike wind and solar solutions the
RUBICON provides baseload power 24/7/365 days a year. By
manufacturing and deploying the RUBICON™ throughout of the world,
Dominovas Energy is committed to creating shareholder value by not
only generating guaranteed revenue streams, but also by increasing
the value of "human and community capital." Devoted to core
values by operating under the utmost of honesty and integrity in
all its business transactions, Dominovas Energy is additionally
dedicated to respecting the rights of all individuals, while
acknowledging and respecting all cultures necessary to support the
growth and development of the communities and countries in which it
operates. The Company strongly believes in the impact this
singularly advanced technology will make on the world and is
resolute in its mission to provide electricity where and when
economically viable.
For more information,
visit www.dominovasenergy.com.
Forward-Looking
Statements
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other statements made by Dominovas Energy Corporation (the
"Company"), contain forward-looking statements that reflect, when
made, the Company's current views with respect to current events
and financial performance. Such forward-looking statements
are subject to many risks, uncertainties and factors relating to
the Company's operations and business environment, which may cause
the actual results of the Company to be materially different from
any future results. All statements that address future
operating, financial or business performance or the Company's
strategies or expectations are forward-looking statements.
Factors that could cause actual results to differ materially
from these forward-looking statements as is applicable would be
discussed under captions as follows: "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's filings as would be filed
with the Securities and Exchange Commission as required.
New risks and uncertainties arise from time to time,
and it is impossible for us to predict these events or how they may
affect the Company. It should be remembered that the
price of the ordinary shares and any income from them can go down
as well as up. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events and/or
otherwise, except as may be required by law.
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