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.