1414 Degrees has secured firm commitments to raise $2.69 million (before costs) through a placement to sophisticated and institutional investors.
The funding will support near-term commercial and technical milestones across the Company’s integrated clean energy platform, with a focus on the Aurora Energy Precinct and SiNTL™ battery materials program.
Advancing Aurora
Funds will be used to progress Aurora’s transmission connection, a key step in enabling the approved 140 MW / 280 MWh Battery Energy Storage System (BESS).
The Company will also move to regain 100% ownership and control of the Aurora Precinct, positioning the project for further development and customer engagement.
Aurora remains a strategically located energy and industrial site designed to support firmed renewable electricity for high-demand users, including industrial and energy-intensive operations.
Progressing SiNTL
Alongside Aurora, the Company will continue advancing its SiNTL™ silicon anode materials program, including:
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scale-up activities
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preparation for customer engagement
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ongoing performance development
This work is aimed at positioning SiNTL within the growing market for higher energy density lithium-ion batteries.
Integrated platform
1414 Degrees continues to develop its broader platform across:
- grid-scale battery storage (BESS)
- thermal energy storage (SiBox®)
- hydrogen and carbon production (SiPHyR®)
- advanced battery materials (SiNTL™)
These technologies are designed to work together, leveraging silicon-based systems to store, convert and enhance energy across industrial applications.
Executive Chairman Dr Kevin Moriarty said,
“This Placement enables us to progress key near-term milestones across both Aurora and SiNTL, with a clear focus on commercial outcomes.
At Aurora, we are advancing transmission connection and customer engagement, while our SiNTL program continues to move toward market-facing milestones.
With multiple workstreams underway, the Company is entering a period of increased activity across both infrastructure and technology development.”