Thursday, September 29, 2016

Dominovas Energy Corporation (DNRG) Submits Grant Proposals to the United States Trade and Development Agency

Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced the formal submission of grant proposals to the United States Trade and Development Agency (USTDA) related to the proliferation of both its RUBICON™ Solid Oxide Fuel Cell (SOFC) technology and its ORCAS™ hydroelectric system. In total, the company petitioned the USTDA for just over $2.1 million, with submissions divided across four distinct projects featuring a combined power output of 2.9 Megawatts.

USTDA grants are awarded based upon the intended and expected social and environmental impact of proposed projects in an effort to bring private sector solutions to existing development challenges. Dominovas Energy expects to receive the USTDA’s decision on the submissions within the next month.

Dominovas Energy’s proprietary power generation solutions lie at the core of its proposals. The company’s RUBICON™ system leverages a SOFC platform to generate clean, efficient electricity through the conversion of a hydrocarbon fuel such as natural gas. Among its many benefits, the RUBICON™ produces significantly less pollutants than competing systems and is designed to operate year-round with minimal disruptions due to maintenance. For added efficiency, the RUBICON™ can also be used for hot water production or space heating. With these systems in place, combined heat and power efficiency for the RUBICON™ is measured at approximately 85 percent.

The company’s ORCAS™ system offers similar reliability and efficiency without the need for hydrocarbon fuel. The run-of-river (ROR) technology generates electricity by diverting running water from waterways. When compared to conventional stored water systems like reservoirs or dams, ORCAS™ has a much smaller environmental impact, seamlessly guiding used water back into the main river after it navigates power generation channels.

Dominovas Energy’s ORCAS™ platform could be widely implemented in the Republic of Madagascar moving forward and other sub-Saharan countries. The island nation has an “enormous potential” for hydropower generation, with the World Bank estimating capacity for up to 7,000 Megawatts across over 500 potential sites.

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