20 March 2017
1414 Degrees Welcomes
SA Energy Plan
1414 Degrees announced its support for the SA Government’s Energy Plan, at a press conference held at the company’s engineering premises the Tonsley Innovation District in Adelaide today, attended by Premier Jay Weatherill and SA Energy Minister Tom Koutsantonis.
The company is considering a non-compliant tender for the SA Government’s Energy Reform Plan’s emergency gas power plant to incorporate storage with the planned turbine plant.
The South Australian technology company has a grid scale electricity storage solution developed in South Australia.
1414 Degrees thermal storage technology removes the intermittency of renewable generation and provides spinning inertial support for the grid from its thermal generator.
This means that renewable generators can pair with 1414 Degrees technology to qualify for payments from energy retailers required to meet the SA Government’s Energy Security Target.
Its generator derives its thermal input from energy stored in the very high temperature of molten silicon. In normal operation, it is a turbine that does not require gas to generate electricity, however if no stored energy is available, the system could run on gas (or many other fuels) if required. Since this device combines storage with thermal generation it incorporates two aspects of the SA Government’s Energy Reform Plan in a single technology.
Kevin Moriarty, Executive Chairman of 1414 Degrees said, “We welcome the SA Government’s Energy Reform Plan.
“The Energy Reform Plan sets a strong foundation for our technology to solve the major energy supply and security issues being faced in South Australia today.
“The knowhow behind our ground breaking technology is South Australian and we will keep it here even though its applications are global.”
“At 1414 Degrees we’re focused on solutions to local, national and global energy issues, as we believe that everyone wants reliable and low cost electricity from renewable sources.”
Over the past 10 years the company has developed its new technology in facilities at Tonsley provided by the SA Government, with co-funding from the Federal Government’s AusIndustry program. Schneider Electric and the University of Adelaide have assisted with equipment or research.
For further information, hi-res images, and interviews please contact:
Jenny Hassam | Rhetoric PR | 0428 212 434 | firstname.lastname@example.org
1414 Degrees Ltd
1414 Degrees is set to revolutionise the global energy environment with a solution which costs a tenth as much as a lithium ion battery to store the same energy and is eyeing a $10 million public float in 2017.
The hugely economical storage system and scalability of the 1414 Degrees storage system will solve the biggest issue for renewable energy – intermittent supply – thereby facilitating major growth of low cost energy without sacrificing reliability.
Over the past 10 years 1414 Degrees has been developing a patented thermal energy storage system (TESS) at a cost of more than $3 million with assistance from the Federal Government’s AusIndustry program. The result is a product that is highly efficient, safe, scalable, with low emissions and unlike any other energy storage system in the world.
The company has commissioned its prototype for large scale energy storage and is now ready for its first commercial installations. The thermal energy storage system (TESS) is at a scale that will dwarf current grid solutions which use batteries, and costs vastly less per megawatt.
The TESS uses abundantly available elemental silicon for storing and retrieving electrical energy enabling low cost and clean storage of energy and a stable supply back to the grid – a critical requirement as renewable generation increases.