June 24, 2015
ATLANTA, GA–(Marketwired – Jun 24, 2015) – Dominovas Energy Corporation (OTCQB: DNRG) announces a historic partnership with the United States government. Dominovas Energy Corporation, via the deployment of its modular, off-grid RUBICON™ Solid Oxide Fuel Cell systems, has been named as the first, and only, fuel cell company selected as a Private Sector Partner to President Barak Obama’s POWER AFRICA INITIATIVE. The Power Africa Initiative is a multi-stakeholder partnership comprised of private sector participants, the United States government and governments of several African countries, including but not limited to the following Power Africa focus countries: Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania. This partnership extends beyond public and private sector engagement. These captive agencies / entities maintain an express intent to nurture and accelerate private sector investment in Africa’s power sector over the next several years.
Power Africa partners represent the foundational support in building the regulatory, economic, and policy framework integral to meeting Africa’s increasing demand for, and access to, electricity; and Dominovas Energy is perfectly positioned to meet the supply needs of an ever-increasing demand for clean and reliable electricity throughout sub-Saharan Africa.
Dominovas Energy anticipates that this partnership will continue to catalyze the resources and combined commitment of numerous U.S. government agencies, as well as the World Bank Group, African Development Bank (AfDB), and many additional Power Africa partners, to facilitate Power Africa’s objectives, operations, and related sector investments. As a Power Africa member company, Dominovas Energy will actively engage relevant U.S. agencies to fully employ the participating agencies’ tools to ensure any financing and capacity gaps that may exist can be addressed directly, specifically with respect to existing and incremental energy sector investments. This affords Dominovas Energy to benefit from interagency efforts, by leveraging Power Africa’s tools including, but not limited to technical expertise and financing; while enhancing project bankability by implementing various risk mitigation tools, as are available through the select agencies comprised in the Power Africa Initiative. Dominovas Energy has committed to adopting, adhering to, and undertaking the required policy framework for specific projects, so it and other companies can effectively fulfill their commitments to invest in the further enhancement and development of the power infrastructure in sub-Saharan Africa.
Michael Watkins, Dominovas Energy’s COO & President of its Fuel Cell Division, states, “This partnership not only demonstrates Dominovas Energy’s commitment to emerging markets, but it also firmly positions the United States as a reliable and robust ally to Africa, respective of its long-term power needs.”
Over the next several years, as part of its commitment to Power Africa, Dominovas Energy intends to support and advance Power Africa goals by providing access to clean, reliable energy; partnering with specific universities in Africa to train and hire local citizens as engineers and technicians, as necessary for the installation, service, and ongoing maintenance of the RUBICON™; and providing Power Africa countries with access to distributed, off-grid electricity on a multi-megawatt scale.
As such, deployments of the RUBICON™ are expected to increase the quantity of power available to over 100 million people by 2021, via multi-megawatt capacity installations. Dominovas Energy’s investment will directly benefit citizens, households, and businesses by producing clean, reliable, and continuous energy.
About the Power Africa Initiative
On June 30, 2013 in Cape Town, South Africa, President Barack Obama announced Power Africa — an initiative to increase the number of people with access to power in sub-Saharan Africa.
Power Africa is working with African governments, the private sector, and other partners to add more than 30,000 megawatts (MW) of cleaner, more efficient electricity generation capacity as well as increase electricity access by adding 60 million new home and business connections throughout all of sub-Saharan Africa.
Learn more about Power Africa: http://www.usaid.gov/powerafrica
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. 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.
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.
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