Dominovas Energy, Corp. (OTCMKTS:DNRG) announced that it has submitted grant proposals to the Unites States Trade and Development Agency (USTDA). The submissions relate to four projects and budgets range from $355,000 to $800,000.
ATLANTA, GA–(Marketwired – Sep 29, 2016) – Dominovas Energy Corporation ( OTCQB : DNRG ) today announces it has formally submitted grant proposals to the Unites States Trade and Development Agency (USTDA) https://www.ustda.gov for the advancement in the proliferation of its RUBICON™ Fuel Cell technology as well as its hydroelectric system, the ORCAS™. With parallel tracks for the deployment of its energy-efficient and renewable energy systems, the Company has petitioned USTDA for a combined amount of just over US $2.1 million dollars. The submissions are specific to four distinct projects and budgets with total power output for the combined projects equal to a total of 2.9 Megawatts. The grant requests range from a low of $355,000 to a high of $800,000.
USTDA projects are assessed based upon their viability as proven technologies along with their intended and expected social and environmental impact. USTDA funding is open to private, public, and PPP beneficiaries. While there is no prescribed minimum or maximum grant amount, projects generally range between $350,000 and $1,500,000 per project. The funding is on a 100% grant basis for the project sponsor. The hallmark of USTDA’s assistance is establishing links between U.S. companies and overseas project sponsors to bring private sector solutions to development challenges. Types of project preparation assistance USTDA provides includes: pre-feasibility and feasibility studies in order to provide the required comprehensive analysis for infrastructure projects to achieve successful financing and implementation; technical assistance to provide technical analysis, design, legal and/or advisory support related to commercial activities and infrastructure development; e.g. advanced engineering and design, environmental impact analysis, legal and regulatory services, equipment vendors & EPC contractor identification, project structuring activities, etc. pilot projects in order to demonstrate the effectiveness of U.S. technological solutions and provide the analysis, evaluation and empirical data needed to secure funding; support on enabling environment activities to address specific issues that block project/sector success; e.g. sector policies, master plans, capacity building, feed-in tariff studies. USTDA does not provide any financial instruments such as working capital, sub-ordinated loans, equity, risk insurance, etc. Dominovas Energy’s project proposals for both the RUBICON™ and ORCAS™ systems were submitted in compliance with the USTDA requirements.
Dominovas Energy’s RUBICON™ is a highly efficient fuel cell system that provides base-load power by converting the chemical energy of a hydrocarbon fuel (natural gas) into electricity. The core of the RUBICON™ is built on a Solid-oxide Fuel Cell (SOFC) platform, which employs an electrochemical process resulting in a high fuel-to-electric efficiency of 60%. Due to its high electrical efficiency, the RUBICON™ produces significantly less pollutants (CO2, NOx, PM10) on a per kWh of produced energy than the competition (GenSets, turbine, micro-turbine). Additionally, the RUBICON™ has a minimal number of moving parts within its system, and thereby, operates virtually silently. SOFC cells are stacked in the RUBICON™ to obtain the desired power output. Heat generated within the RUBICON™ system can be utilized further for hot water production or space heating resulting in a combined heat and power efficiency of ~85%. The RUBICON™ operates nearly 100% of the time of the year requiring minimal maintenance and shutdown during the initial years of operation.
The Company’s proprietary ORCAS™ system employs proven and long deployed “Run-of-River (ROR) technology to generate electricity. In ROR systems, running water is diverted from waterways and is guided via channels to penstocks which then leads to a generating house. Here, the force from the head and flow of the water spins turbines which, in turn, powers generators. Used water is fed back into the main river further downstream. It is important to note that the difference between run-of-river and large, conventional storage hydro, is the absence of a reservoir or dam in the conventional sense. Run-of-river relies on coursing rivers to generate electricity, as opposed to stored water.
Potential investors in Dominovas Energy, Corp. (OTCMKTS:DNRG) should be looking at the current and historical short data in order to get a glimpse of where the market believes the stock might be headed. According to the most recent information, there are 154600 total short interest. Given the stock’s average daily volume of 76972200, this results in N/A days to cover. Compared to last month, this is a 218.11% change in total short interest.
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When investors engage in short selling or “shorting a stock”, they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference.
Shorting a stock can be very risky if the price doesn’t decline like planned and, in fact, increases. It’s important for any investor to understand the dangers and potentially catastrophic financial losses of short selling.
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