On this day, 1414 Degrees Ltd convened its Annual General Meeting (AGM), marking a pivotal moment in the company’s journey toward revolutionising industrial energy solutions. Executive Chairman, Dr Kevin Moriarty, delivered a comprehensive address highlighting the company’s transformative progress over the past year.
1414 Degrees is committed to advancing its technologies and expanding its market presence. The company aims to collaborate with industry partners to accelerate the adoption of its innovative energy solutions, contributing to a more sustainable and decarbonised industrial sector.
An excerpt from Dr Kevin Moriarty’s 2024 Chairman’s Address:
Progress with SiBox and SiBrick technologies
A highlight of the year has been our continued success with the SiBox® system. The SiBox Demonstration Module completed rigorous testing, consistently delivering high-temperature heat at up to 900°C, powered by intermittent renewable energy. To our knowledge these are the only results of this kind. Its ability to charge and discharge independently offers a solution for industries wanting a stable and clean energy supply, without relying on fossil fuels. We also made progress in our efforts to undertake large-scale production of SiBrick®, our thermal storage media, and the core of SiBox, in order to deliver a modular, cost-effective energy storage solution that meets the decarbonisation needs of manufacturers.
Innovations in low-emission hydrogen with SiPHyR
The development of SiPHyR™—our hydrogen production technology—marks a vital step in our commitment to industrial decarbonisation. Our industry engagement confirms the strategic role SiPHyR technology can play in supporting hard-to-decarbonise industries. SiPHyR integrates our thermal storage with methane pyrolysis to produce hydrogen and solid carbon using intermittent electricity. This approach leverages existing natural gas infrastructure, significantly lowering electricity requirements compared to hydrogen produced through electrolysis. We’re grateful to be supported by a $2.5 million Australian Government CRC-P grant and we’re proud to have formalised our partnership with Woodside Energy, the University of Adelaide, Kanthal and RMIT, to bring this cost-effective and efficient solution to life.
Click here to read Dr Moriarty’s full address about our significant strides toward commercial revenue from our silicon-based thermal storage and hydrogen production technologies and the road ahead.
Click here to view the AGM presentation or access this and other documents in our Investor Centre. These documents provide deeper insights into the company’s achievements and strategic direction. The AGM serves as a testament to 1414 Degrees’ dedication to innovation and sustainability in the energy sector.