The London-based investment 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.

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. 

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.

1414 Degrees provided an update to the ASX, outlining progress on key milestones during the period ending 30 September 2024.

Executive Chairman, Dr Kevin Moriarty wrote to shareholders summarising key updates including progress on:

• Oversubscribed SPP raised $1.08 million to fast-track projects
• Secured up to $4.7 million from Lind Partners to fund SiBox® installations
• Submitted proposals to multiple Australian manufacturers to integrate SiBox and reduce gas use
• Advanced SiPHyR™M hydrogen project with CRC-P funding and Woodside partnership
• Progressed transmission agreement for 140MW battery in Aurora Energy Precinct

You can read the full announcement to the ASX here.