Dominovas Energy Launches the First Rubicon(TM) SOFC Project in South Africa
May 04 2016 - 8:30AM
InvestorsHub NewsWire
ATLANTA, GA -- May 4, 2016 -- InvestorsHub NewsWire
-- Dominovas Energy Corporation (OTCQB: DNRG), an energy
solutions company dedicated to delivering clean, efficient, and
reliable electricity, announces the launch of the first RUBICON™
SOFC system in Johannesburg, South Africa. Launched in
partnership with the South Africa-based Edison Power Group
(EPG), the 50kW RUBICON™ system is set for delivery and full
implementation within 90 days and will serve as a demonstration
unit for future Edison Power Group sponsored multi-megawatt,
utility scale deployments in Africa. The 50kW RUBICON™ produce
over 430,000 kilowatt hours of clean, fuel cell generated
electricity each year. The 50kW RUBICON™ proof of concept
"showcase" unit will be the first solid oxide fuel cell (SOFC) unit
to serve baseload capacity anywhere on the African continent.
"South Africa has historically been the energy vanguard and
continues to set the pace on the continent for renewable energy
solutions and broad-based energy reform by advocating for the
adoption of new technology applications for clean power
generation. Edison Power Group's commitment in supporting the
RUBICON's™ first system in South Africa represents a watershed
moment in a series of monumental achievements and milestones for
us," stated Shantan Reddy, Chief Executive Officer of Edison Power
Group. Dominovas Energy Chairman and CEO Neal Allen added,
"Dominovas Energy is honored to have Edison Power Group as a
partner, as it has been a stalwart leader in the development and
deployment of electricity infrastructure and is a true leader in
the electricity sector, not only in South Africa, but also within
Africa as a whole. With the vision and leadership of Mr. Reddy
and the support of Edison Power Group, the introduction of the
RUBICON™ represents a true paradigm shift for the delivery of
electricity by Edison Power Group on what will eventually be based
upon multi megawatt platforms."
Michael Watkins, COO and President of the Fuel Cell Division,
states, "Given the Company's current production schedule, we could
not be more excited about the opportunity before us today. By
August of this year, Dominovas Energy will have the first RUBICON™
SOFC unit operating in sub-Saharan Africa -- more than a year in
advance of the commercial operations date (COD) for our first
scheduled deployment." Watkins went on to say, "The
partnership agreement with Edison Power Group includes the minimum
deployment of 50MW over the next 5 years of Dominovas Energy's
RUBICON™ fuel cell system."
When asked about the significance of the 50kW RUBICON™ showcase
unit, Dr. Pat Naidoo enthusiastically replied, "This showcase [of
the RUBICON™] cannot be overstated, as it ushers in a new era of
beneficiation of South Africa's mineral resources;
industrialization, and job creation. The fuel cell represents
a transformation for the economy of sub-Saharan Africa in energy
that has not been seen since the introduction of the cell phone to
the telecom industry in the region." Dr. Naidoo is an esteemed
associate professor of electrical power engineering at the Durban
University of Technology (www.dut.ac.za), is a non-executive
member of ESKOM's Board of Directors (http://www.eskom.co.za/Pages/Landing.aspx), and is a
senior member of IEEE. He is also a special consultant to
Dominovas Energy.
This announcement affirms Dominovas Energy's commitment to
excellence and the continuous advancement of innovation by
engineering multi-megawatt platforms for the deployment of RUBICON™
NextGen technology, which will in turn serve to further diversify
the mix of clean sustainable and renewable sources of energy
throughout sub-Saharan Africa. "Without question, Dominovas
Energy is revolutionizing the manner in which electricity will be
delivered in Africa for years to come," expressed Dr. Shamiul
Islam, Dominovas Energy's Executive Vice President of the Fuel Cell
Division.
The deployment of the "showcase" 50kW unit is being made
possible via the continued partnership and collaboration with its
system integration partner AVL Gratz, Ghmb and with stack supplier
SOLIDPower SpA of Mezzolombardo (TN) Italy, (http://www.solidpower.com/en/home/) for the production
and delivery of the 50kW RUBICON™ showcase. Ongoing, Dominovas
Energy will continue to engage with AVL and SOLIDPower to support
its multi-megawatt deployments in South Africa.
About the Edison Power Group (EPG)
Edison Power Group, the oldest electrical contracting company in
South Africa (34 years), is driven by its determination to be the
leading company in the electrical industry through the provision of
cost effective, efficient services and a commitment to increasing
shareholder value whilst improving the quality of life of all South
Africans. The company specializes in electrical installations
in all aspects of the electrical industry including commercial,
industrial, HV and LV reticulation, township reticulation, fiber
optic installations, live line installations, smart metering, wind
and solar EPC and substation and transformer
installations.
For more information, visit www.edisonpowergroup.co.za.
About Dominovas Energy Corporation (OTCQB:
DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly
traded company, based in Nevada. With its operating
headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation
is a leading power solutions provider to emerging markets around
the world. DEC employs its proprietary RUBICON™ Solid Oxide
Fuel Cell (SOFC) technology for deployment in multi-megawatt power
generation units worldwide. The worldwide pursuit of clean and
efficient production of electricity via Solid Oxide Fuel Cell
technology inspired its founders to create an "energy solutions"
company. Recognizing that "green" and "alternative energy"
markets offer immense potential for growth, Dominovas Energy is
aggressively moving to allocate its intellectual and financial
capital forthwith, in order to strategically address a green energy
solution that is 100% reliable, efficient, and measurably cleaner
than GenSets and CCGT. Additionally, unlike wind and solar
solutions the RUBICON provides baseload power 24/7/365 days a
year. By manufacturing and deploying the RUBICON™ throughout
of the world, Dominovas Energy is committed to creating shareholder
value by not only generating guaranteed revenue streams, but also
by increasing the value of "human and community
capital." Devoted to core values by operating under the utmost
of honesty and integrity in all its business transactions,
Dominovas Energy is additionally dedicated to respecting the rights
of all individuals, while acknowledging and respecting all cultures
necessary to support the growth and development of the communities
and countries in which it operates. The Company strongly
believes in the impact this singularly advanced technology will
make on the world and is resolute in its mission to provide
electricity where and when economically viable.
For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas
Energy Corporation (the "Company"), contain forward-looking
statements that reflect, when made, the Company's current views
with respect to current events and financial performance. Such
forward-looking statements are subject to many risks, uncertainties
and factors relating to the Company's operations and business
environment, which may cause the actual results of the Company to
be materially different from any future results. All statements
that address future operating, financial or business performance or
the Company's strategies or expectations are forward-looking
statements. Factors that could cause actual results to differ
materially from these forward-looking statements as is applicable
would be discussed under captions as follows: "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's filings as would be filed
with the Securities and Exchange Commission as required. New risks
and uncertainties arise from time to time, and it is impossible for
us to predict these events or how they may affect the Company. It
should be remembered that the price of the ordinary shares and any
income from them can go down as well as up. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
and/or otherwise, except as may be required by law.
Contact:
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