Dominovas Energy Corporation (DNRG) Charging toward Anticipated Commercialization of Proprietary RUBICON™ Technology

Following the recently announced completion of a design study for its proprietary RUBICON™ solid oxide fuel cell (SOFC) system, Dominovas Energy Corporation (OTCQB: DNRG) is now entering the next level of detailed design, engineering and manufacturing of its multi-megawatt systems in order to realize the promise of supplying sustainable power generation capacity to sub-Saharan Africa. Last week, the company secured $1.2 billion of project financing from Graecrest Energy Solutions, effectively setting the stage for the anticipated commercial deployment of its innovative technology in both the Democratic Republic of the Congo (DRC) and the surrounding region.

“This is an unprecedented and historic commitment not only for Dominovas Energy, but it is additionally significant for the fuel cell industry as a whole,” Neal Allen, chairman and chief executive officer of Dominovas Energy, stated in a news release. “This financing commitment is further validation of the company’s business model and an undeniable endorsement of the technical prowess of the RUBICON™ and the ‘game plan’ we have set forth for the commercial deployment of our fuel cell system.”

The DRC, in particular, represents an immense opportunity for Dominovas Energy to establish a foothold in the emerging energy markets of sub-Saharan Africa. Since the beginning of the year, the company has signed and executed over 200MW of guaranteed power purchase agreements (PPAs) within the nation. In total, that’s enough electricity to adequately power over 200,000 homes, but these agreements could be the tip of the iceberg. Through the U.S. government’s Power Africa Initiative (PAI), Dominovas Energy will look to help generate roughly 30,000MW of new and cleaner power in the region over the coming years.

A report by research firm McKinsey & Company highlighted the immense potential of the electricity sector of sub-Saharan Africa. Currently, nearly 600 million people throughout the region live without electricity, and seven countries report electrification of 50 percent or less. However, by 2040, the region is expected to see a fourfold increase in total demand, with more than 25 percent of all electricity coming from environmentally-friendly sources, such as the RUBICON™.

As the only fuel cell company selected as a private sector partner to the PAI, Dominovas Energy is in a strong position to provide a viable solution to the sub-Saharan region’s mounting energy sector concerns. With financing in place for the first stage of its manufacturing and installation operations and its initial design study now complete, the company appears to be primed to capitalize on the marketability of its proprietary SOFC technology moving forward.

For more information, visit www.dominovasenergy.com

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