ATLANTA, GA (May 11, 2016) – Dominovas Energy Corporation (OTCQB: DNRG), long touted for its standing as an energy solutions company dedicated to delivering clean, efficient, and reliable electricity, today announces the launch of its hydroelectric division – CURRENTERGY. With the addition of the Currentergy Division, Dominovas Energy continues to diversify its portfolio of proven energy solutions into hydropower generation applications to broaden its revenue generating opportunities in the renewable energy sphere.
With a focus on deploying commercially available, and the most advanced, proven high performance hydropower technologies, Currentergy seeks to harness both large and small-scale opportunities to electrify developing economies in Africa and Latin America; thus fostering and expanding exponential economic growth within these frontier markets. In so doing, Currentergy has developed its proprietary ORCAS™ (Ocean River Current Access Solutions) system, which is platformed upon the most advanced and effective hydropower technologies available today. The ORCAS™ system enables both on- and off-grid clean energy and micro-grid flexibility for the generation of electricity from river and ocean-based power generating systems. The ORCAS™ system is underpinned by its strategic partner and leading global technology supplier Andritz Hydro. Globally, Andritz Hydro’s hydropower solutions comprise over 175 years of experience in the deployment, service, refurbishment and rehabilitation of hydropower energy projects.
Dominovas Energy CEO Neal Allen welcomes the new Currentergy Division and the addition of Leeshan Ramasamy, as Managing Director and head of the Division. Mr. Ramasamy has considerable operational and systems management experience within the development and cultivation of frontier markets’ infrastructure and natural resources, having produced significant returns within the mining industry, including the building and operating of profitable chrome processing plants, which led to securing contracts with major ferrochrome producers, such as Xstrata and Hernic Ferrochrome in South Africa. Prior to joining Currentergy, Mr. Ramasamy directed the civil construction and installations for the fiber optic footprint deployment of telecommunications giant, Neotel, in South Africa.
“As an active member of President Obama’s Power Africa Initiative, we continue to enthusiastically support the electrification of Africa and realize that the abundant supply of underutilized natural resources can be responsibly harnessed to create clean sources of electricity. I agree with Andritz that hydropower is the most economical and least environmentally impactful form of renewable energy available.” Mr. Ramasamy continues, “The ORCAS™ hydro system can empower local communities with micro grid applications, as well as feed utility grids in a green and eco-safe fashion. As the post-Paris Climate Accords world embraces a low carbon energy future, Currentergy is excited to be a leader in electrifying frontier markets.”
“The world is at a crossroads as a result of the effects of global warming and CO2 pollution, as reported at the historic United Nations Climate Change conference in Paris recently. As a company dedicated to delivering clean, efficient, and reliable energy solutions, Dominovas Energy acknowledges the need to diversify its energy solutions portfolio to encompass innovative hydropower technologies,” added Kreneshen Moodley, Managing Director Africa.
“With the meaningful expansion into hydropower generation, in conjunction with our fuel cell division, Currentergy serves as a force multiplier toward advancing Dominovas Energy’s strategic goals to deploy the most technologically advanced, cost effective, and market-based energy solutions available. In turn, Dominovas Energy bolsters its energy solutions platform by providing flexible clean energy solutions that address the need for sustainable energy within rapidly developing economies. These frontier markets possess vast natural mineral and hydro resources that can be harnessed to increase the production of energy from renewable sources,” stated Dominovas Energy’s CEO, Neal Allen.
About Andritz Hydro
Based in Austria, Dominovas Energy’s technology partner Andritz Hydro is a global supplier of electromechanical, national electricity grid systems and services for hydropower plants and one of the leaders in the world market for hydraulic power generation. Andritz Hydro maintains a global presence in more than 50 locations and more than 25 countries worldwide. Today, Andritz Hydro is the legal successor of many former pioneers and leading companies in hydropower generation. Andritz Hydro comprises the research and development from these companies and over 175 years of accumulated experience in turbine design, with over 30,000 turbines (more than 420,000 MW) installed globally.
In close cooperation with its customers, Andritz Hydro advocates long-living, environmentally friendly, and economically efficient solutions for hydropower generation.
For more information, visit www.andritz.com.
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.
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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