Strong progress toward commercial deployment announced in  FY25 Annual Report

We advance from demonstration to commercial readiness across multiple clean energy technologies

Today we released our FY25 Annual Report, highlighting significant momentum as we transition from demonstration phase to commercial deployment across our portfolio of innovative energy storage and hydrogen solutions.

The year represented a pivotal period for 1414 Degrees, successfully moving beyond technology demonstration into commercial readiness across several key platforms. The 2025 financial year has been one of both consolidation and forward momentum. We have moved beyond demonstration into commercial readiness across several of our technologies.

Heat-as-a-Service model gains market traction

Our Heat-as-a-Service (HaaS) business model underwent significant refinement during FY25, with support from Deloitte’s financial modelling capabilities. This approach allows industry to access renewable heat without needing specialised energy market skills. It’s gaining real traction among energy-intensive manufacturers.

Testing with prospective customers has demonstrated that our HaaS model can deliver renewable heat solutions that are already cost-competitive with traditional gas heating, positioning us to capture market share in the industrial decarbonisation sector.

SiBox Technology Proves Commercial Viability

A major milestone was achieved with the completion of feasibility work for a 10 MWh SiBox pilot installation at a New South Wales factory. Results to date confirm that SiBox can deliver clean, dispatchable heat that is already cheaper than gas.

Our SiBox technology provides industrial users with clean, controllable heat through an integrated energy management system that transforms intermittent renewable electricity into steady, reliable thermal energy for industrial processes.

SiPHyR Hydrogen Technology Delivers Breakthrough Results

Our SiPHyR turquoise hydrogen program achieved significant technical milestones during FY25. In May 2025, a technical workshop with partners Woodside Energy Technologies, the University of Adelaide and RMIT confirmed promising results: methane conversion efficiencies above 70%.

This breakthrough in methane pyrolysis technology, which produces both hydrogen and valuable solid carbon products, positions us at the forefront of clean hydrogen production. The program has been strengthened by additional grant funding, including a $492,526 AEA Ignite grant during the year, building on the $2,500,000 CRC-P program already in place.

Aurora Energy Precinct Advances Toward Construction

Development of our Aurora renewable energy project near Port Augusta progressed significantly, with the 140 MW / 280 MWh battery energy storage system (BESS) advancing through critical development milestones. Aurora continues to be central to our vision: anchoring renewable generation, long-duration storage, and industrial decarbonisation.

Strategic outlook for FY26

Looking ahead, we have outlined clear objectives for the coming financial year:

• Deploy a commercial SiBox pilot in an industrial setting to demonstrate full-scale commercial operation
• Advance Aurora toward construction readiness through completion of connection approvals and final project structuring
• Progress SiPHyR from laboratory to pilot-scale demonstration, targeting high hydrogen output and commercial-grade solid carbon co-products
• Expand customer agreements under the proven HaaS model to build recurring revenue streams

Strong technology validation supports growth

Executive Chairman Dr Kevin Moriarty noted our strong position for translating technological potential into commercial impact. With solid technology validation, market-ready business models, and grant-assisted R&D, we are well-positioned to translate our potential into real-world impact.

The FY25 results demonstrate our successful transition from a research and development phase company to one with commercially validated technologies ready for deployment in the rapidly growing industrial decarbonisation market.

Access the full Annual Report and ASX announcement:

• FY25 Annual Report
• ASX Release – September 23, 2025

The 1100°C SiBrick is being developed to power the Company’s SiPHyR™ reactor, enabling low-cost hydrogen production using methane pyrolysis. This model has already demonstrated durability through more than 200 cycles between 700-1200°C. 

The 1400°C SiBrick is designed for use in ultra-high temperature industrial applications such as alumina calcination and cement production. It has been successfully cycled between 1000-1500°C, demonstrating stability under demanding conditions. 

In parallel, 1414 Degrees is developing additional SiBrick variants optimised for integration into its SiBox® long-duration energy storage systems, which deliver stable heat flows within ±2°C across the 200–900°C operating range.  

These results strengthen the pathway to mass production of SiBrick, a critical enabler of 1414 Degrees’ Heat-as-a-Service (HaaS) business model and hydrogen technologies, creating scalable revenue opportunities as industry transitions to low-carbon energy.

You can read the full ASX announcement here.

We are pleased to announce the successful completion of our SiBox Development Agreement with Woodside Energy Technologies, achieving all program milestones and retaining full ownership of our breakthrough thermal energy storage technology.

The completion of this program marks a significant milestone for 1414 Degrees, with the SiBox thermal energy storage technology  demonstrating capabilities that firmly position it as a leading solution for industrial decarbonisation.

Proven performance

Across the program, SiBox consistently exceeded performance expectations. The system:

• Delivered very stable heat output with variations of just ±2°C

• Operated at internal temperatures over 1000°C, and

• Sustained long-duration storage and dispatch cycles while maintaining reliable performance across multiple operating sequences.

These results validate SiBox as one of the few solutions worldwide capable of delivering both long-duration storage and high-temperature, dispatchable heat — critical requirements for industrial customers seeking to replace fossil fuels.

Strategic commercial outcome

Following the successful demonstration, Woodside has retained a non-exclusive licence, while 1414 Degrees maintains full ownership of the technology and all associated value.

This outcome preserves complete ownership of the intellectual property and reinforces the commercial potential of SiBox. The program was funded by more than $3 million from Woodside, significantly reducing costs for 1414 Degrees while providing valuable external validation and technical oversight.

Market positioning and Heat-as-a-Service

With full technology ownership retained, 1414 Degrees is well positioned and actively pursuing commercial partnerships and customer relationships. Our commercialisation strategy is focused on implementing a Heat-as-a-Service (HaaS) business model.

By overlaying an energy management system on our energy storage technology, we manage intermittent electricity and transform it into a steady, controllable supply of heat for industrial processes. This requires specialised skills and sophisticated algorithms — capabilities that we provide so clients don’t have to. The result is a simple, seamless solution that removes the complications of juggling complex energy supplies, allowing industry to adopt clean heat easily and focus their expertise on doing what they do best: producing the goods and materials that drive their business.

For industrial customers, HaaS provides predictable, low-cost renewable heat without the complexity of managing energy markets. Early modelling indicates that SiBox can deliver industrial heat at costs that are competitive with, and in many cases lower than, gas — while also providing flexibility to the grid. This combination positions the technology as both technically validated and commercially attractive.

1414 Degrees’ Chairman Dr Moriarty noted: “Our focus now is on using the energy storage technology to enable a profitable Heat-as-a-Service business model, turning the increasingly variable electricity market price into competitive advantage.”

Broader technology portfolio

Beyond SiBox, we continue to advance our diversified technology portfolio, including:

• Aurora Energy Precinct – progressing grid connection and development activities, and

• SiPHyR turquoise hydrogen program – supported by $1 million in funding from Woodside.

This portfolio approach creates multiple growth pathways in the expanding clean-energy sector.

Positioned for global opportunity

The successful completion of the SiBox development program comes at a time when long-duration energy storage is attracting significant global investment and policy support. With proven capability to deliver both sustained storage and high-temperature heat, SiBox is uniquely placed to compete in this growing market.

For more information, click here to read the full ASX announcement.

1414 Degrees provided an update to the ASX, outlining progress on key milestones during the period ending 30 June 2025.

Executive Chairman, Dr Kevin Moriarty, wrote to shareholders summarising key updates.

• Awarded $0.492m AEA Ignite grant to accelerate catalyst development for Storage Integrated
  Pyrolytic Hydrogen Reactor (SiPHyR) hydrogen technology
• Built and tested Heat-as-a-Service (HaaS) business model for customers
• HaaS has accelerated commercial engagement with industrial and utility customers
• Active participation in domestic and international energy sector forums to build market presence
• Feasibility completed for a 10 MWh SiBox project at NSW factory, targeting staged gas displacement

You can read the announcement to the ASX here. 

1414 Degrees’ proprietary SiPHyR™ (Storage integrated Pyrolytic Hydrogen Reactor) technology has received a significant funding boost, with the award of a $492,526 Australia’s Economic Accelerator (AEA) Ignite grant to support its next phase of development.

SiPHyR is designed to produce low-cost turquoise hydrogen and valuable solid carbon co-products from methane pyrolysis. The innovative technology combines 1414 Degrees’ high-temperature silicon-based thermal energy storage with advanced reactor design to deliver clean hydrogen without carbon dioxide emissions, while creating a new supply of carbon-based feedstocks.

The funding, provided under the AEA Ignite program, will accelerate the development of second-generation catalystsfor the SiPHyR process. These next-generation catalysts are designed to improve hydrogen yields and allow carbon co-products to be tailored to meet specific market demands — building on earlier catalyst and reactor development to improve performance, stability and commercial viability.

The AEA Ignite grant builds on the momentum of the $5.2 million CRC‑P supported project, announced in February 2024, which is delivering further development of SiPHyR in collaboration with the University of Adelaide, Woodside Energy, RMIT and Vulcan Steel. More on that announcement can be found here.

SiPHyR is a central part of 1414 Degrees’ strategy to decarbonise natural gas on-stream, offering a practical, cost-competitive, low-emissions hydrogen production solution that leverages existing gas infrastructure while creating new revenue streams from carbon co-products. The technology is targeted at hard-to-abate industrial sectors, including iron and steel, cement and manufacturing.

Executive Chairman Dr Kevin Moriarty said:

“This grant highlights the Government’s recognition of our SiPHyR technology’s potential to deliver a commercially viable, low-emissions hydrogen solution for Australian industry. By combining innovative catalyst research with our proven silicon-based energy storage, SiPHyR can reduce emissions from existing gas networks while creating valuable carbon-based materials for new markets. We look forward to working with our partners to advance this important technology.”

The milestone‑based AEA Ignite funding reinforces government and industry confidence in the technology and strengthens 1414 Degrees’ pathway to commercialise SiPHyR as a practical, scalable solution for decarbonising hard‑to‑abate industries such as steel, cement and manufacturing.

Read the ASX announcement: 1414degrees.com.au/investors/

Learn more about our SiPHyR technology: 1414degrees.com.au/siphyr

Read about the CRC‑P grant: 1414degrees.com.au/1414-degrees-secures-2-5m-grant-for-siphyr-clean-hydrogen-technology/

Project partners in 1414 Degrees’ SiPHyR™ programme gathered for a milestone technical workshop early this month, to progress the company’s innovative hydrogen production technology.

Meeting at 1414 Degrees’ Adelaide facility, they discussed the state of the art SiPHyR (Storage-integrated Pyrolytic Hydrogen Reactor) technology which aims to produce  low-emissions hydrogen from methane at a price competitive CO₂ generating blue hydrogen processes.   The technology is designed to achieve this by using renewable-sourced heat supplied by 1414 Degrees’ patented silicon-based thermal energy storage technology.

 The meeting brought together representatives from Woodside Energy Technologies Pty Ltd, the University of Adelaide, and RMIT with 1414 Degrees staff to review recent development milestones and coordinate the next phase of the project.

1414 Degrees staff reported achievement over 30% methane conversion in tests with catalysts at 1000°C, with hydrogen concentrations exceeding 50% in the exhaust stream—providing valuable insight into the reactor’s expected performance.

 The SiPHyR Stage 1 prototype reactor is currently undergoing pre-commissioning testing and remains on track to commence operation by the end of June 2025.

1414 Degrees has been innovating to fill key industry gaps for its SiPHyR technology. These gaps arise because there are no commercially available solutions currently capable of withstanding extreme conditions of high temperature pyrolysis. The Company has invented proprietary technologies to enable continuous monitoring of molten catalyst levels and a ceramic-based gas sparging system—both critical to ensuring safe and efficient reactor operation.

These will be integrated into the SiPHyR Stage 1 prototype reactor now undergoing pre-commissioning testing and formed key discussion points during the workshop.

The in-person meeting provided an opportunity for the consortium to align integration plans and research priorities as the project advances toward its first operational milestone.

Further updates will be provided as the project progresses.

For more information visit: www.1414degrees.com.au/siphyr