By: Matt Rego
Dominovas Energy Corporation (OTCQB: DNRG) is an early stage company that engages in a comprehensive approach to deploy multi-mega watt power plants. The company also specializes in NextGen clean energy, solid oxide fuels, and a proprietary Rubicon fuel cell system. Shares of the energy company are soaring 61%, during early trading on Tuesday, August 23, 2016. Over the past three months, Dominovas Energy Corporation has seen average daily volume of around 7.42 million shares. However, nearly 18.5 million shares or dollar volume of around $75,850 has already exchanged hands during trading on Tuesday.
Shares of Dominovas Energy Corporation are rallying today, after the company released an update on its Rubicon fuel cell system and the technology’s deliver for use at the University of Johannesburg in South Africa. The new partnership between engineering academics and experts and corporate engineers at Dominovas Energy Corporation, will help expand technology and efficiency. Here is press release detailing of the company’s update:
Dominovas Energy Corporation Press Release:
ATLANTA, GA–(Marketwired – Aug 23, 2016) – Dominovas Energy Corporation ( OTCQB : DNRG ) today announced it is finalizing plans to deliver its long awaited RUBICON™ to the University of Johannesburg in Johannesburg, South Africa.
Since its initial announcement in May of 2016 that it would deliver a “Showcase” (Demonstration Unit), the company engineers and strategists, along with the unyielding support of its strategic partners have been working daily to deliver the much-anticipated RUBICON™ to the market place.
As a part of the ongoing process, Dominovas Energy Chairman and CEO Neal Allen met late last week with the University of Johannesburg’s Director, Manufacturing Research Centre, Department of Mechanical Engineering Science Professor Tien Chien Jen (http://www.tienchienjen.com) on the campus of the University to determine the actual site and deployment strategy for RUBICON™, as well as to discuss next steps in the plans for the development of the Institute for Hydrogen Fuel Cell Technology, which will be a collaborative venture between Dominovas Energy and the University of Johannesburg for the advancement of the study of fuel cell technology in and for the entire sub-Saharan region.
“Achieving clean power has always been a dream for humankind. SOFC [Solid Oxide Fuel Cell] provides the clean power that not only satisfies the need of society, but also does so with minimal environmental impact. It is our privilege to have the RUBICON™ SOFC system from Dominovas Energy Corporation installed at the University of Johannesburg (UJ). With the establishment of the Institute for Hydrogen Fuel Cell Technology at UJ on the horizon, this state-of-the-art SOFC system provides a welcome boost to the development of a new research frontier — for the vision of a future clean power supply for South Africa and the whole of Africa,” lauded Professor Jen when asked what it means to be working with Dominovas Energy on this exclusive collaboration.
Dominovas Energy Executive Vice President for Fuel Cell Operations Dr. Shamiul Islam was quoted as saying, “Let there be no doubt, Dominovas Energy is committed 100% to the delivery of its ‘Showcase’ to South Africa. This is one of a multitude of steps in the development and coordinated collaboration taking place with all of our partners in this project from design and engineering to site allocation, to fuel shipping and commissioning.” Islam went on to add, “I am excited to see the progress being made as necessary steps are taking place that have set the path for execution and delivery of our system.”
The “Showcase” is a first step in Dominovas Energy’s ultimate goal to deliver its one-of-a-kind multi-Megawatt system to the region, as the engineering effort continues for the presentation of the first system in 2017. The pictures of the visit can be found on the Dominovas Energy website.
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.