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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25 September 2017

September Update


1414 Degrees has recently undertaken a private capital raising targeted at cornerstone investors, securing $2.5 million at 15c per share in pre-Initial Public Offering (pre-IPO) funding from across the globe.

Many of these investors have also reserved an allocation of shares in our upcoming IPO.

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28 August 2017

1414 Degrees to bid for slice of State Government’s renewable energy scheme for silicon storage power plant


Our aim to bid for a slice of the SA Government’s renewable energy scheme to bring storage and stability to the energy market has made the news.

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9 August 2017

$5 million to push Australian innovations towards commercial reality




A process to convert waste plastics into fuel and chemicals, a fashion fitting solution for online shoppers and a new energy storage system are among eight Australian innovations to share in $5 million to help them become commercial reality.

The assistance under the Entrepreneurs’ Programme Accelerating Commercialisation element will help turn the business’ good ideas into marketable products through market trials, upscaling, proving new technology, and connecting with markets.

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28 July 2017

Quarterly Update: July 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

  • New project sites with significant advantages, including lower cost
  • Regulatory changes are creating strong interest in 1414 Degrees TESS from Australia and Asia
  • IPO postponed to accommodate significant project proposals

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12 June 2017

Our thoughts on the Finkel Review




The much anticipated Finkel Review ( Independent Review into the Future Security of the Australian National Electricity Market by Dr Alan Finkel) was released on Friday 9 June 2017.

The report highlights that storage will play a significant role in reliability and security. Our thermal energy storage system (TESS) is incredibly relevant and provides an answer to many of the current challenges as highlighted below. These are Dr Kevin Moriarty’s key thoughts after reading the report.

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1 June 2017

June Update




CHAIRMAN’S UPDATE

I wanted to give you a brief update on 1414 Degrees.

Our IPO will likely be in the third quarter of this year, rather than June as previously communicated. This will allow us to advance some important projects that have been proposed to us in the past month.

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11 May 2017

Quarterly update: May 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

  • SA Premier and Treasurer inspect prototype and identify support to speed development
  • AUD$2.5m raised in over-subscribed seed round
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