ATLANTA, GA–(May 3, 2016) – 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.
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.