Dominovas Energy Corp., through its proprietary solid oxide fuel cell system, the RUBICON™, is providing the global energy market with a clean, efficient solution to power generation. Headquartered in Atlanta, Georgia, the company is a leading power solutions provider to emerging markets around the world. Earlier this month, the Company expanded on this title, signing a multi-year, guaranteed power provider agreement with the City of David in the Democratic Republic of the Congo. Through the execution of this agreement, the company will immediately begin required necessary preparatory work in order to clear the road for an expected physical deployment during the fourth quarter of 2016. When installed, the RUBICON™ will produce over 25.5 million kWh of clean, reliable electricity each year, effectively yielding more than $100 million in revenue to Dominovas Energy for the full term of the agreement.
“I am excited about this historic deployment of the RUBICON™ that will support the City of David project,” Emilio De Jesus, president of Dominovas Energy African Operations, stated in a recent news release.
The City of David project is part of an effort by the governor of the State of Katanga to increase the availability of affordable housing and social facilities in the area, which is affectionately referred to as the ‘Crown Jewel of Congo’. When installed, the 3MW RUBICON™ system will become the largest single deployment of fuel cell technology on the entire continent of Africa, and it is expected to provide Dominovas Energy with a strong platform to realize additional work in the region moving forward.
“President Kabila’s leadership and foresight will allow the RUBICON™ to make a tremendous difference in the lives of millions in the Democratic Republic of Congo, and Dominovas Energy is honored to have been given this opportunity,” added François Nyamulengwa, country managing director of Dominovas Energy. “We look forward to establishing a new paradigm for the future of how energy is distributed across the entire continent.”
In the months to come, Dominovas Energy will look to continue building on its current momentum in developing markets around the globe. With a versatile design and efficient use of natural resources, the RUBICON™ provides the Company with tremendous potential to increase market share and promote enhanced shareholder returns in the coming years. As global acceptance of climate change theories push more nations to reconsider current energy policies, Dominovas Energy’s multi-MW systems are an innovative solution to lessen dependence on fossil fuels and substantially reduced economic and environmental costs.
For more information, visit www.dominovasenergy.com
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