Investment bank, Hannam & Partners updates coverage of 1414 Degrees

The London-based bank Hannam & Partners has updated its coverage of our company, publishing an independent research report on 1414 Degrees Ltd.

This latest coverage highlights our continued evolution—from an innovative thermal energy storage technology developer to a provider of decarbonised energy service solutions. The report builds on our recent progress, including key developments outlined in the March 2025 Quarterly Activity Report.

Read the May 2025 Hannam & Partners update here.

Read all the Hannam & Partners reports here.

March 2025 Quarterly Activity Report

1414 Degrees provided an update to the ASX, outlining progress on key milestones during the period ending 31 March 2025.

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

• Delivered 20-year SiBox® unit sales forecast to Woodside, targeting up to 20% of the accessible industrial heat market.
• Deloitte engaged to develop Heat-as-a-Service financial model to assist us in delivering integrated renewable electricity–gas heat contracts.
• Generator due diligence for the Aurora battery energy storage system (BESS) progressed, clearing the path for the utility to commence network impact assessments.
• Pre-commissioning tests are underway on a SiPHyR™ Stage 1 prototype reactor, which is on track for commissioning by the end of June this year.

You can read the announcement to the ASX here. 

1414 Degrees provided an update to the ASX, outlining progress on key milestones during the period ending 31 December 2024.

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

• The $5.2m affordable hydrogen project is on track
• The Aurora BESS is continuing through approvals process
• The Company is fully-funded for SiBox® and SiPHyR™ commercialisation
• The Commercial team is engaging integration partners to advance customer project agreements
• SiBrick™ is progressing toward low-cost for mass manufacturing
• A General Manager – Operations was appointed to enhance operational efficiency and project delivery

You can read the full announcement to the ASX here. 

Our Commercial Manager, Dr Jason Chaffey and Chief Technology Officer, Dr Mahesh Venkataraman recently returned from a trip to India where they showcased our energy storage capabilities to a select group of potential business partners. 

Meeting with multinational service providers and a smaller industrial services provider, the two learned more about India’s energy market, industrial processes and the drivers for uptake of clean-energy and heat solutions. 

In contrast to some other nations, uptake of these solutions is driven purely by economics, but the Indian government is increasingly installing renewables. 

There are no industrial gas users in India (unlike the Australian market), with thermal generators – primarily coal-fired power plants – meeting requirements. 

These thermal generators cannot respond quickly to control signals to change their output, and 1414 Degrees thermal energy storage solutions may provide a way to address fluctuating needs. 

The trip resulted in the identification of multiple potential applications for 1414 Degrees technology – with the company and other parties agreeing to share additional information to determine the compatibility of our solutions, with specific customer requirements. 

Discussions also indicated we have significant potential to establish partnerships with companies in India to licence our solutions.  

In-market connections with respected industrial service providers are important, as the Indian market is known for its strong pull-through, meaning: if one company adopts a technology, and it proves economical, then adoption will be rapid. 

We look forward to continuing these relationships, to help implement our technologies in industries around the world. 

Our Executive Chairman, Dr Kevin Moriarty opened the Annual General Meeting today, with his address about our year of transformative progress.

Click here to read Dr Moriarty’s 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.

1414 Degrees has appointed a new General Manager to drive the company’s commercial success. 

John O’Donnell will commence in the role tomorrow (Tuesday, 12 November). 

As an accomplished executive leader with 35-years’ experience – including driving growth of global businesses in the energy, oil and gas, infrastructure and defence sectors – O’Donnell will lead 1414 Degrees’ implementation of its pioneering clean heat technologies across industries globally. 

His robust combination of public and private sector experience, together with academic qualifications, spans the project lifecycle from solution-design to decommissioning. 

O’Donnell has considerable experience in sustainable energy systems, engineering design, and asset integrity solutions, including managing multidisciplinary teams of up to 3000 people. His work in clean energy spans projects such as bespoke waste-to-energy plants and innovative energy storage solutions for the defence industry. He has also served on influential boards and held executive roles in global industrial services providers – including Wood and KAEFER. 

Guided by academic credentials in construction law (LLM), business (MBA) and electrical engineering (MSc, B.Eng (Hons)), he has a record for achieving financial and workforce growth targets in complex, highly-regulated environments, such as naval nuclear submarines; while ensuring safety, quality, and compliance. 

1414 Degrees Executive Chairman, Dr Kevin Moriarty, said O’Donnell would be a valuable addition to the team. 

“John will be instrumental in enhancing our operational efficiency and resource allocation as we commercialise our energy storage and hydrogen solutions,” Dr Moriarty said. 

O’Donnell, who has been in Australia for three years already, plans to live in South Australia for the long-term and said he was drawn to a unique opportunity to influence the path of a new clean energy technology to market. 

“I’ve always been interested in technology and the solutions in development by 1414 Degrees are at the forefront of clean energy innovation. I look forward to working with this talented team to bring these innovations to market. 

“1414 Degrees has the expertise and partnerships to make this technology work and deliver market-leading solutions. 

“I’ll be leveraging my own, and the company’s existing networks, to assist in the next phase of the journey, which is to implement solutions that decarbonise industrial operations and provide our shareholders a return on their investment,” he said. 

See the ASX release, dated 11 November 2024, on our Investor page, for further information.
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