KEVIN MORIARTY ON FIVEAA
Kevin Moriarty was interviewed by Alan Hickey on FIVEaa.
Kevin spoke about the SA Water project, the solution of harnessing the gas and regenerating electricity.
YOUR TOP 9 QUESTIONS ANSWERED
[vc_row][vc_column][vc_column_text]The Q&A session at the end of each of our Information Session presentations often shared the same questions across the venues. The answers to the top 9 questions are below – documented from the sessions and supplemented from information available in the Prospectus.
Don’t forget you can also read more FAQs here.
1414 DEGREES’ ONGOING PROGRESS: JUNE UPDATE
[vc_row][vc_column][vc_column_text]TESS-IND
The first 10MWh TESS device is nearing completion in your Company’s research and development facility at Southlink Industrial Park. The 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.[/vc_column_text][vc_single_image image=”8851″ img_size=”large”][vc_column_text]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.[/vc_column_text][vc_single_image image=”8834″ img_size=”large”][vc_column_text]
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 28th 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.
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1414 DEGREES FLOAT HEATS UP NATIONAL ENERGY MARKET
[vc_row][vc_column][vc_column_text]After almost a decade – and $15 million – spent developing its silicon storage technology, energy innovator, 1414 Degrees, is going public.
Energy innovator gets ducks in a row ahead of IPO
[vc_row][vc_column width=”1/1″][vc_column_text]With its Initial Public Offering (IPO) in the final stages of preparation, South Australian based energy innovator, 1414 Degrees, has inked a deal for the first interstate installation of its products.
1414 Degrees to surge ahead through Initial Public Offering
[vc_row][vc_column width=”1/1″][vc_column_text]With demand for its products coming from across the world and investors champing at the bit to buy their way into the renewables market, it was hardly surprising when energy innovator, 1414 Degrees, announced it would issue an Initial Public Offering (IPO) in early 2018.