Dominovas Energy Corporation announces the authorization of an Independent Power Producer license from the Angolan Ministry of Petroleum. Granted on October 5, 2015, the license authorizes Dominovas Energy to provide clean and reliable electricity to companies within the oil and gas industry, including the parastatal Sonangol Group. Such an exclusive license is a capstone of the work Dominovas Energy’s executives have put forth to carry out its mission of the commercial proliferation of its SOFC fuel cell technology, the RUBICON™.
Sub-Saharan Africa’s second-biggest oil producer, Angola is a leader in the deployment of advanced technologies that allow for increased production, efficiency, and economies of scale of on-shore and off-shore oil production. Angolan oil-producing platforms require over 1200MW of electricity each day, and its drilling platforms require nearly 1220MW of electricity each day. Over the next 5 years, new oil fields on-shore and off-shore will necessitate upwards of 2000MW of electricity per day. The RUBICON™ SOFC system meets industry objectives most adroitly and efficiently. Dominovas Energy Chairman and Chief Executive Officer Neal Allen expressed, “This license positions us at the epicenter of the Angolan economy as a provider of electricity to the country’s most vital and profitable industry”.
Acquiring the Independent Power Producer license brings Dominovas Energy to the forefront of providing clean and sustainable, base-load, multi-megawatt electricity in Angola through its proprietary RUBICON™ SOFC system. President of the Africa Division for Dominovas Energy Emilio DeJesus added, “Dominovas Energy’s RUBICON™ system is the only fuel cell-based technology solution to be granted an Independent Power Producer license in the country. This demonstrates the Angolan leadership’s commitment to new technologies, allowing for positive stewardship toward minerals and resources”.
