The energy industry is in transition and storage is integral to keeping the lights on in a renewable energy future.
1414 Degrees’ large scale storage solutions will solve the threats of uncertain supply and high prices by addressing both heat and electrical energy needs for a clean, sustainable future.
Out technology offers a unique solution delivering both heat and electrical energy, to decarbonise the energy industry.
“The SPP presents an opportunity for eligible shareholders to increase their holding in 1414 Degrees at an integral stage in the Company’s development by participating in this capital raising without incurring any brokerage fees or other transaction costs. I will apply for my full entitlement through my trustee company.”
– Dr Kevin Moriarty, 1414 Degrees Executive Chairman
Positive levelised cost of storage (LCOS) results
Our commercial review shows the TESS will be competitive with other storage technologies when compared with the levelised costs of storage (LCOS) analysis, based on the respected Lazard methodology.
The pilot installations have shown that we can now build a TESS at a significantly reduced cost (see chart to right). Furthermore the projections for future systems will decline steeply. The future LCOS of the TESS will be comparable with long duration pumped hydro.
What is 1414 Degrees?
1414 Degrees technology will stabilise renewables to make clean energy available to all, at all times.
1414 Degrees’ patented Thermal Energy Storage System (TESS) takes in electricity or biogas, stores it as heat and discharges both heat and electricity in the proportions required. The TESS provides an alternative to gas, coal or electricity for process heat, enabling low cost carbon reduction using renewable energy sources.
Our technology is the first of its kind – no other solution will deliver heat and electrical energy at the scale and low cost of 1414 Degrees. It is unique in its combination of versatility, scalability and sustainability.
a patented thermal energy storage system (TESS) storing energy as latent heat in molten silicon
sizing of systems from 10 to 1000’s of megawatt hours for grid, off-grid and co-generation sites
benign environmental impact and carbon footprint reduction
low maintenance, low cost and low impact compared to lithium-ion batteries
Silicon stores energy at 1414°C providing maximum efficiency of energy output
the use of abundantly available silicon ensures its sustainability and its affordability
TESS can be located in any climate, in any location. It is suitable for grid, off-grid and co-generation installations
wide range of uses in district heating, industrial complexes and shopping centres as well as grids
Access to energy should be as simple as flicking a switch. Our goal is to make clean, affordable energy available to all, at all times.
Distributed within grids with high renewable penetration, 1414 Degrees’ solutions will stabilise networks while providing lower cost energy for industry.
1414 Degrees is developing joint ventures to commercialise its technology, incorporating generation, thermal storage and industry with heat energy requirements.
1414 Degrees wishes to advise that the closing date for its Share Purchase Plan (SPP) has been extended to 5pm (ACST) Monday 12 October 2020. The Company has received a number of enquiries from shareholders interested in participating in the SPP who have not yet...
SA Water has requested 1414 Degrees to have the GAS-TESS operational by the end of October to prepare for electricity export to the grid as an embedded generator on the National Electricity Market. The Glenelg Wastewater Treatment Plant can generate electricity from...
This presentation provides an update on the modelling revenue potential of the Aurora Project and the development plan timelines the Company is working towards. Click here to view: The Aurora Solar Energy Project Development Update