Earlier today, Dominovas Energy Corporation (OTCQB: DNRG) announced that its chief operating officer and president of its fuel cell division, Michael Watkins, recently gave a successful presentation to the Central Technical Services Department of the University of Johannesburg. The presentation, which took place on October 25, aimed to offer university officials additional insight into Dominovas Energy’s findings from the Energy Solutions Survey it circulated at the university last month. The goal of the survey was to identify the current state of electricity use at the university, including current consumption and efficiency metrics, while identifying areas with potential cost savings. This is a very important next step in the process of the Company having already announced it entered into talks with University officials a couple of months ago to become one of the primary energy suppliers to the University system.
“The systematic approach of Dominovas Energy has allowed us to better understand the overall ‘state’ of our energy usage that now supports our quantifying the ‘true’ cost of electricity and thermal energy generation at the University,” Brent Africa, director of utilities at the University of Johannesburg, stated in the news release. “The University is currently prioritizing its efforts to manage energy efficiency, as well as minimize the overall cost of energy delivery to its campuses. Dominovas Energy’s analysis of the Energy Survey and the presentation of the results could not have come at a better time to the University.”
Leveraging the findings of its Energy Solutions Survey, Dominovas Energy will now structure a power provider agreement (PPA) based on the analysis and current understanding of the energy requirements of the University of Johannesburg. This submittal will support the installation of a multi-megawatt base load power generation installation at the university in the future. Following Watkins’s presentation, Brent Africa noted that the benefits of installing Dominovas Energy’s proprietary RUBICON™ solid oxide fuel cell technology, relative to true cost savings, are “undeniable.” He went on to say that the university and Dominovas Energy have a “true opportunity to collaborate on a plan of action that could lead to the deployment of the RUBICON™ system.”
Dominovas Energy’s recent progress toward the installation of its RUBICON™ technology at the University of Johannesburg comes as the company continues to advance its overall plans for entering existing energy markets across the African continent. Earlier this month, Dominovas Energy, in collaboration with joint venture partner Mponeng Holdings [PTY] LTD, announced the submittal of a formal request for proposal for the Ekurhuleni Energy Generation Program in Johannesburg, South Africa. If awarded, this project would include the installation of a 20 megawatt RUBICON™ system for the Ekurhuleni Metropolitan Municipality.
For more information, visit www.DominovasEnergy.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment