Dominovas Energy Corp(OTCMKTS:DNRG) recently saw a historic rise on spectacular volume after the Company announced a “historic partnership with U.S. Government”
Since then the stock has transformed from illiquid at $0.0035 to one of the top traded stocks on the entire exchange trading well over a dime and regularly doing over $1mm US in daily trading volume.
Dominovas Energy Corp(OTCMKTS:DNRG) is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON(TM) 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.
By manufacturing and deploying the RUBICON(TM) 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.”
On June 24 DNRG announced a historic partnership with the United States government. Dominovas Energy Corporation, via the deployment of its modular, off-grid RUBICON(TM) Solid Oxide Fuel Cell systems, has been named as the first, and only, fuel cell company selected as a Private Sector Partner to President Barak Obama’s POWER AFRICA INITIATIVE. The Power Africa Initiative is a multi-stakeholder partnership comprised of private sector participants, the United States government and governments of several African countries, including but not limited to the following Power Africa focus countries: Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania. This partnership extends beyond public and private sector engagement. These captive agencies / entities maintain an express intent to nurture and accelerate private sector investment in Africa’s power sector over the next several years.
Power Africa partners represent the foundational support in building the regulatory, economic, and policy framework integral to meeting Africa’s increasing demand for, and access to, electricity; and Dominovas Energy is perfectly positioned to meet the supply needs of an ever-increasing demand for clean and reliable electricity throughout sub-Saharan Africa.
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Dominovas Energy anticipates that this partnership will continue to catalyze the resources and combined commitment of numerous U.S. government agencies, as well as the World Bank Group, African Development Bank (AfDB), and many additional Power Africa partners, to facilitate Power Africa’s objectives, operations, and related sector investments. As a Power Africa member company, Dominovas Energy will actively engage relevant U.S. agencies to fully employ the participating agencies’ tools to ensure any financing and capacity gaps that may exist can be addressed directly, specifically with respect to existing and incremental energy sector investments. This affords Dominovas Energy to benefit from interagency efforts, by leveraging Power Africa’s tools including, but not limited to technical expertise and financing; while enhancing project bankability by implementing various risk mitigation tools, as are available through the select agencies comprised in the Power Africa Initiative. Dominovas Energy has committed to adopting, adhering to, and undertaking the required policy framework for specific projects, so it and other companies can effectively fulfill their commitments to invest in the further enhancement and development of the power infrastructure in sub-Saharan Africa.
Michael Watkins, Dominovas Energy’s COO & President of its Fuel Cell Division, states, “This partnership not only demonstrates Dominovas Energy’s commitment to emerging markets, but it also firmly positions the United States as a reliable and robust ally to Africa, respective of its long-term power needs.”
On August 25 DNRG announced its sub-Saharan Africa tour of South Africa, Democratic Republic of the Congo (DRC), and Mozambique. Dominovas Energy senior executives are meeting with public and private sector leaders, off-takers, country managers and other operating partners in coordination and planning for both existing and prospective deployments of its proprietary RUBICON(TM) systems. During the tour, Dominovas Energy executives have also met with Power Africa financial institution partners.
“This trip has been a phenomenal success, in that we have experienced first-hand the benefits of being a Power Africa partner, by connecting with other Power Africa partners,” stated Dominovas Energy’s SVP of Finance and Investments, Eric Fresh.
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Currently trading at a $7 million market valuation DNRG has little assets, no revenues to date and rising short term debt. But this is an exciting story developing in small caps; the Company has just announced a historic partnership with U.S. Government and the stock has quickly attracted a loyal shareholder base who believes this one goes much higher. We will be updating on DNRG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DNRG.
Disclosure: we hold no position in DNRG either long or short and we have not been compensated for this article.