In October, Dominovas Energy Corporation (OTC: DNRG)
announced a landmark capital commitment of $1.2 billion in project financing to
support the manufacture and deployment of its proprietary RUBICON™ solid oxide
fuel cell (SOFC) system. This unprecedented commitment is expected to play a
pivotal role in the company’s ongoing efforts to fulfill over 200MWs of signed
and guaranteed power purchase agreements (PPAs) in the Democratic Republic of
the Congo and allow for continued acquisition of additional PPAs throughout
sub-Saharan Africa.
At the heart of DNRG’s recent performance is its
cutting-edge multi-megawatt RUBICON™ SOFC system. The RUBICON™ is a
fuel-flexible, highly efficient, and scalable approach to power generation.
Taking into account that fuel sources vary from country to country, the
RUBICON™ is able to incorporate a number of different fuels into its operation.
In fact, DNRG states that the RUBICON™ will reform almost any hydrocarbon fuel
into a suitable syngas composition, allowing for optimal stack electricity
generation. Also, by implementing a thermal conversion process, DNRG’s
technology is able to achieve a significant efficiency gain of roughly 60
percent over any combustion-based electricity production process.
In addition to improved efficiency, the RUBICON™ provides
the means for additional value propositions through the flexibility of
cogeneration. When generating power, the SOFC system produces useful heat and
emits water, which can be further utilized for heating and cooling, providing
an opportunity to improve overall system efficiency to more than 85 percent.
When combined with the option to place power generation in the immediate
proximity to the end-user in order to eliminate the high costs of
infrastructure and transmission line maintenance, the RUBICON™ offers frontier
markets around the globe an opportunity to greatly improve their power
generation capacity in an affordable, efficient and environmentally-responsible
manner.
For prospective shareholders, DNRG represents an opportunity
to invest in the ongoing infrastructure development of countries in sub-Saharan
Africa and around the world. According to a report by McKinsey & Company,
sub-Saharan Africa currently includes seven countries with electrification of
50 percent or less, but that statistic is set to change. By 2040, the report
estimates that demand for electricity will increase fourfold and more than 70
percent of the population will have access to reliable power. As DNRG prepares
to fulfill its first PPA in the region in the coming months, this demand should
place the company in a strong strategic position to promote sustainable
financial growth.
For more information, visit www.dominovasenergy.com
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