5 December 2017

1414 Degrees receives $1.6 million Renewable Technology Fund Grant

We are delighted to be among the first recipients of funding provided through the South Australian Government’s Renewable Technology Fund. We applaud the commitment by our state to delivering world leading energy storage solutions to consumers, and look forward to commencing work immediately. 

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26 October 2017

Quarterly Update: October 2017

There has been an extraordinary amount of activity over the last quarter and below we highlight key developments and Executive Chairman Dr Kevin Moriarty provides his review.

HIGHLIGHTS

KEY DEVELOPMENTS

  • $8.4m in IPO funds promised by cornerstone investors following $2.5m seed raise
  • IPO in preparation for early 2018
  • 3000 square metre R&D facility leased for build of 10MWh TESS-IND and test cell of TESS-GRID

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9 October 2017

Delivering technology that meets the needs of South Australia  

“Storage is the answer and the key to all our problems”. This comes from Minister Koutsantonis at his announcement of over 60 applications to the Renewable Technology Fund. We were pleased to join him today at the press conference for this announcement, where we announced our own three proposals for the Fund.

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What is 1414 Degrees?

1414 Degrees clean storage is set to reduce energy costs by increasing the efficiency of renewable generation
and stabilising grid supply.

The above fly-through animation is an artistic impression that demonstrates the scalability of the 1414 Degrees technology to 1GWh and beyond. Energy can be sourced from renewables or even the grid and then pushed back to the grid and industry when required.

We are developing joint ventures to commercialise our technology, incorporating generation, storage and industry to use of the heat output.

Unique

a patented thermal energy storage system (TESS) storing energy as latent heat in molten silicon

Scalable

sizing of systems from 10 to 100’s of megawatt hours for grid, off-grid and co-generation sites

Economical

low maintenance, low cost and low impact compared to lithium-ion batteries

Efficient

energy is stored as latent heat at 1414° C providing maximum efficiency of energy output

Sustainable

the use of abundantly available silicon ensures its sustainability and its affordability

Clean

low environmental impact with no emissions and no combustion

Grid and off-grid

each system stores several hundred megawatt hours suitable for grid, off-grid and co-generation installations

Application

wide range of uses in district heating, industrial complexes and shopping centres as well as grids

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  • 1414 Degrees aims to fill the critical gap
    in energy storage technologies.

    Why are we innovating?

    Energy is a resource that should be available to all, at all times. 1414 Degrees strives to make this a reality.

    We are facing a pivotal moment in the local and global energy market, with soaring prices, instability, and harmful emissions. Our energy storage technology presents an opportunity to disrupt the energy market by providing a highly efficient, safe, scalable, and low emission solution. The use of readily available silicon rocks ensures its sustainability and its affordability.

    We see the exponential growth opportunities and know we can impact change.

    The simple reason: to make energy available, cheaper and cleaner.

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    Where is it at?

    The prototype for 1414 Degrees has been built in the Tonsley Park Innovation Precinct, South Australia with assistance from AusIndustry.

    The next stage is the design and installation of optimised commercial modules at demonstrator sites. In parallel with the installations, research and development (R&D) work will continue on new technology for the thermal storage device aimed at achieving at least 50% cost reduction for materials.

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    Our goal is to be the main supplier of large scale energy storage.

    A solution for networks from grid scale to urban developments.

    How is it funded?

    Over the past 10 years, 1414 Degrees has invested over $3M with the assistance of AusIndustry grants. For five years it has funded research by the University of Adelaide engineering faculty into silicon energy capture and recovery, and employed several graduates to design and build the first commercial prototype.

    Government and industrial companies are supporting the development with funding or in kind contributions. For example, Schneider Electric have supplied the control circuitry and refractory manufacturers have offered to supply the high temperature containment materials. The South Australian government has supported the prototype development in its Tonsley Park Innovation precinct.

    1414 Degrees is planning a future IPO.

    Pre-register for a prospectus

    There is a strong revenue outlook based on increasing share of energy flows as renewable utilisation rises.

    Register for more information

    Sign up to stay up-to-date and be advised of future investment opportunities.