Dominovas Energy is on a mission to electrify the world, and, in recent weeks, the company has made tremendous progress toward achieving that goal. Following its June execution of a three megawatt multi-year guaranteed power provider agreement (PPA) with the City of David in the Democratic Republic of the Congo (DRC), Dominovas laid the groundwork for potentially expansive growth through an historic partnership with the United States government on the Power Africa Initiative (PAI).
Last week, the company gave shareholders a taste of the vast growth potential offered through the PAI when it announced a 200 megawatt multi-year guaranteed PPA with the South Kivu Province of the DRC. Through this agreement, Dominovas will provide the equivalent of 20 percent of the total number of fuel cells delivered to the region in the last two decades. Over its multi-year term, the PPA will yield more than $1 billion in guaranteed revenue for the company.
“We have worked diligently to put ourselves in this position to be able to qualify for acceptance in the Power Africa Initiative, which provides us direct partner access to finance partners that share in the mission to provide power to Africa,” Michael Watkins, president and chief operating officer of Dominovas, stated in a news release. “Today, our sales cycle is maturing, our OEM partners are committed and in place, and our revenue and financing model is being received with favor.”
On the heels of its recent market growth, Dominovas announced plans to engage both shareholders and investors through a conference call scheduled for August 13 at 7:00pm EDT. During this call, the company’s management team will be addressing the questions and concerns of interested parties, particularly as they relate to the company’s recent announcements regarding the PAI.
“It is very important at this time to engage directly with our constituency in order to address and answer all questions,” stated Eric Fresh, Sr., vice president of finance and investments with Dominovas. “We understand the significance and importance that an informed shareholder and investor base can have on a company such as ours.”
Based in Atlanta, Georgia, Dominovas is a leading power solutions provider distributing its proprietary RUBICON™ solid oxide fuel cell technology in order to provide clean and efficient electricity production in burgeoning markets around the globe. As a private sector partner of the government-backed PAI, the company is in a strong position to rapidly expand the distribution of its groundbreaking technology in the coming years.
In the months ahead, Dominovas will look to leverage the considerable financing capacity afforded by its inclusion in the PAI in order to achieve sustainable industry growth. For prospective shareholders, the company’s upcoming conference call will provide valuable insight into the market potential of its RUBICON technology moving forward.
For more information, visit www.dominovasenergy.com
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