In recent months, Dominovas Energy Corporation (OTCQB: DNRG)
has made considerable progress toward expanding its presence in the promising
power generation markets of sub-Saharan Africa. Just last week, the company
announced a landmark capital commitment of $1.2 billion in project financing
with Graecrest Energy Solutions, effectively validating its business model and
demonstrating the feasibility of installing power infrastructure in global and
emerging markets. Earlier today, Dominovas Energy took another step toward the
commercialization of its innovative RUBICON™ solid oxide fuel cell (SOFC)
technology when it announced the completion of a concept design study for the
efficient manufacturing of the system.
“Building a mega-watt class SOFC system required a fresh and
sustainable approach to address and overcome the engineering challenges for the
overall system development,” Dr. Shamiul Islam, executive vice president of
fuel cell operations with Dominovas Energy, stated in a news release. “This
proprietary study serves as a viable and venerable cornerstone upon which the
manufacturing and commercialization process can proceed.”
The concept study – which was completed in concert with AVL
List GmbH (AVL), the world’s largest independent developer of powertrain
systems – confirmed the specific design details needed to create a
groundbreaking precision-engineered system capable of supplying clean,
reliable, commercially-viable and sustainable energy to millions of sub-Saharan
Africans. With the completion of this study, Dominovas Energy is prepared to
enter the next level of detailed design, engineering and manufacturing of its
multi-megawatt systems in order to capitalize on its favorable strategic
position in the region.
“The results of this study offer a roadmap and confirm the
technical feasibility of the ‘commercialization’ of the multi-MW modular
RUBICON™ power generation technology,” Dr. Martin Hauth, project manager of
fuel cell systems with AVL, stated. “We are very excited to enter into the next
phase of system commercialization for deployment with Dominovas Energy.”
In addition to its rapidly expanding presence in sub-Saharan
Africa, Dominovas Energy has also recently made strides toward establishing a
foothold in the Middle East, as announced in a recent press release, and the
Company is moving aggressively to fortify its relationship and standing in the
region. This growing global presence stems from rising concerns about climate
change, energy security and air pollution, which have driven a persistent
demand for environmentally-friendly fuel cell technology in recent years.
Dominovas Energy has eagerly embraced the opportunity to
support and deploy its proprietary SOFC technology to address this demand. Look
for the company to continue to capitalize on its strategic partnerships in both
sub-Saharan Africa and the Middle East in the months to come, as it positions
itself to achieve sustainable financial growth. For prospective shareholders,
the recently announced completion of the concept design study for its RUBICON™
technology could foreshadow an opportunity for Dominovas Energy to achieve
strong returns in the future.
For more information, visit www.dominovasenergy.com
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