TESS-IND
The first 10MWh TESS device is nearing completion in your Company’s Lonsdale workshopThe storage container has been heated to over 1,200°C and cooled in preparation for installation of the silicon phase change material. All energy recovery system (ERS) components are onsite, including the 333kW rated externally fired gas turbine, with full assembly scheduled to commence on June 12. This will be followed by a phased commissioning process.

GAS-TESS
The unique biogas energy recovery and storage project for the Glenelg Wastewater Treatment Plant is advancing, with all major reviews being satisfactorily completed, with the expectation that site works can commence in the next quarter. This $3.2m+ project, jointly funded by your Company and the South Australian Government will see a 10MWh GAS-TESS pilot burn the methane gas generated by waste digestion, and store the energy until required by the plant.

Prototype
The prototype has continued in its role of component testing and this week was running at over 1400°C. 

Feasibility Studies Commence 
Last week our senior engineers went onsite to begin feasibility studies for the integration of our units into the proposed NSW projects. The aim is to contribute to achieving energy efficiency to reduce costs and emissions, particularly reducing gas usage.

AES Conference & Exhibition
Your Company was invited to address the 2018 Australian Energy Storage Conference & Exhibition last week, where I presented on storage solutions for industry and electricity grids. I highlighted that large scale, sustainable and location flexible storage was needed to enable renewable expansion. The 1414 Degrees 200MWh module technology could be one of the big solutions. Approximately 400 people attended the conference and over 1,000 visited 1414 Degrees’ stand at the exhibition, where we had a team of up to five people, at any one time, engaging with industry and public for the full two days.

IPO & 200MWh TESS Module
The Company’s IPO opened on Monday 28
th May to raise funds to enable us to integrate the technology into more operating industries as a precursor for commercialisation. It also includes potential for oversubscriptions to accelerate the development of the Company’s big 200MWh TESS module aimed at very large scale storage. With almost 9,000 people pre-registered to receive a Prospectus for the IPO, we expect to close the offer on 15 June.