The Dominovas Energy Corporation (OTCQB: DNRG) is at the forefront of the alternative energy industry with its innovative RUBICON™ solid oxide fuel cell (SOFC). Fuel cells are an efficient, combustion-less, reliable, and virtually pollution-free energy source that provide electricity to power a wide array of applications, including buildings (manufacturing facilities, hotels and hospitals), primary power for grid integration, automobiles, emergency back-up systems, and base load grid power. A fuel cell utilizes the extraction of hydrogen from hydrocarbons such as natural gas to produce electricity. In principle, a fuel cell is an electrochemical device that operates like a battery. However, unlike a battery, a fuel cell requires re-fueling, not recharging. Fuel cells will continue to produce electricity and heat as long as there is a constant fuel source. The RUBICON™ works simply, has no moving parts, and operates silently, with water and excess heat as its only by-products. Consequently, the RUBICON™ provides the ideal solution for a myriad of electric power generation applications.
Dominovas Energy has identified marketing and sales opportunities for fuel cells in frontier market countries, where electricity supply is frequently unreliable, antiquated, and expensive, as compared to the cost of electricity and the production, thereof, in the United States. Dominovas Energy works with host nations’ governments. Initial project sizes range from 3 to 200 Megawatts (MW), with eventual project sizes of up to 3,000 MW. Project cost projections range from $25 million and beyond. Dominovas Energy will provide power to the local utilities under Power Purchase Agreements (PPAs), and, prior to deployment, it requires specific guarantees, bonding or other credit support, as necessary, where the local contracting entities do not enjoy strong credit ratings.
Backing up this bold strategy is the Dominovas Power management team. Heading the team is Neal Allen, Dominovas’s chairman, president and CEO. Prior to joining Dominovas Energy Corporation, Allen was CEO of Dominovas Energy, LLC from its inception in 2007 to the time of its merger with Western Standard Energy Group in February 2014. Allen also served as the chairman of Private Asset Group, LLC from 2002 to 2007. Emilio De Jesus is a board member of Dominovas Energy. He worked at Verizon Communications from 2000 to 2010 in many positions, including that of systems development manager. From 2012 to 2013, he was a director of Grupo Jemilce. Dominovas Energy’s chief operating officer is Michael Watkins. Previously, Watkins was vice president and managing member of Dominovas Energy, LLC from 2007 until the merger with Western Standard Energy Group.
Dr. Shamiul Islam is executive VP of fuel cell operations. Dr. Islam is one of the foremost experts on SOFC technology. His expertise extends to SOFC materials, research and their development. His knowledge of the design and construction of bench scale testing systems for high temperature chemical reactions is unparalleled in the industry. He has two registered patents in his name. Dr. Islam worked at the University of Calvary as a postdoctoral fellow in the Dept. of Chemical & Petroleum Engineering during the period from July 2013 – April 2014. He received his PhD in chemical engineering from the University of Calgary, Canada.
Eric Fresh is senior vice president of finance and investments. With more than 15 years in investment banking, private equity and corporate advisory services, Fresh has extensive experience in the execution of special situation transactions involving structured debt and equity financings for project finance. As senior vice president, Fresh will lead and manage Dominovas’s capital investment and deployment program for financing the company’s power projects. Before joining Dominovas Energy, Fresh founded E&K Partners, where he focused exclusively on value creation for middle-market companies, providing strategic management and structured finance advisory services for corporate restructurings, mergers and acquisitions, project finance and operations management. Prior to E&K Partners, he worked at GE Capital, where he managed $2.5 billion in upstream oil and gas assets located throughout the continental U.S. and structured and invested more than $1.8 billion in debt and equity transactions across various energy and industrial sectors. Additionally, he has held various executive positions with investment and merchant banking firms, including Morgan Stanley and Salomon Smith Barney.
Rounding out the team is Spero Plavoukos, who sits on the board of directors. Plavoukos is currently serving as vice president of Pacific Design Center, which houses the West Coast’s top decorating and furniture market, with showrooms, public and private spaces, a branch of the Museum of Contemporary Art (MOCA) and two restaurants operated by chef and restaurateur Wolfgang Puck.
Dominovas Energy is set to realize its vision of being a global leader in SOFC development. With its cutting-edge technology and experienced management team, the company may just be known around the world in 80 days.
For more information, visit www.dominovasenergy.com
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