Dominovas Energy is on a mission to electrify the world,
and, in recent weeks, the company has made tremendous progress toward achieving
that goal. Following its June execution of a three megawatt multi-year
guaranteed power provider agreement (PPA) with the City of David in the
Democratic Republic of the Congo (DRC), Dominovas laid the groundwork for
potentially expansive growth through an historic partnership with the United
States government on the Power Africa Initiative (PAI).
Last week, the company gave shareholders a taste of the vast
growth potential offered through the PAI when it announced a 200 megawatt
multi-year guaranteed PPA with the South Kivu Province of the DRC. Through this
agreement, Dominovas will provide the equivalent of 20 percent of the total
number of fuel cells delivered to the region in the last two decades. Over its
multi-year term, the PPA will yield more than $1 billion in guaranteed revenue
for the company.
“We have worked diligently to put ourselves in this position
to be able to qualify for acceptance in the Power Africa Initiative, which
provides us direct partner access to finance partners that share in the mission
to provide power to Africa,” Michael Watkins, president and chief operating
officer of Dominovas, stated in a news release. “Today, our sales cycle is
maturing, our OEM partners are committed and in place, and our revenue and
financing model is being received with favor.”
On the heels of its recent market growth, Dominovas
announced plans to engage both shareholders and investors through a conference
call scheduled for August 13 at 7:00pm EDT. During this call, the company’s
management team will be addressing the questions and concerns of interested
parties, particularly as they relate to the company’s recent announcements
regarding the PAI.
“It is very important at this time to engage directly with
our constituency in order to address and answer all questions,” stated Eric
Fresh, Sr., vice president of finance and investments with Dominovas. “We
understand the significance and importance that an informed shareholder and
investor base can have on a company such as ours.”
Based in Atlanta, Georgia, Dominovas is a leading power
solutions provider distributing its proprietary RUBICON™ solid oxide fuel cell
technology in order to provide clean and efficient electricity production in
burgeoning markets around the globe. As a private sector partner of the
government-backed PAI, the company is in a strong position to rapidly expand
the distribution of its groundbreaking technology in the coming years.
In the months ahead, Dominovas will look to leverage the
considerable financing capacity afforded by its inclusion in the PAI in order
to achieve sustainable industry growth. For prospective shareholders, the
company’s upcoming conference call will provide valuable insight into the
market potential of its RUBICON technology moving forward.
For more information, visit www.dominovasenergy.com
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