NEWS FROM 1414 DEGREES
1414 Degrees secures $2.2m Modern Manufacturing Initiative Grant for SiBox thermal energy storage technology
1414 Degrees has been successful in its application for a $2.2 million grant from the Australian Federal Government’s Modern Manufacturing Initiative (MMI) to accelerate the commercialisation of its SiBox thermal energy storage technology. The grant will be used to...
September 2021 Quarterly Activity Report
Highlights: - SiBox Demonstration Module project on schedule with storage media design selected - Agreement executed with Woodside Energy Technologies to fund $2 million towards SiBox Demonstration Module (subsequent to the quarter's end) - Aurora Energy Project...
Partnership with Woodside to Progress the Development of SiBox™
1414 Degrees (ASX: 14D) is pleased to announce it has signed agreements with Woodside Energy Technologies Pty Ltd (Woodside), a subsidiary of Woodside Energy Ltd, to support further development and potential partnership in the future commercialisation of 14D’s SiBox™...
June 2021 Quarterly Activity Report
- SiBox™ technology on track for Demonstration Module - Matthew Squire appointed as Chief Executive Officer - Tony Sacre appointed as a Director and the Chair of the Board - Cash position improved to $5.7m on receipt of the $1.9m R&D Tax Rebate 1414 Degrees’ core...
New Chief Executive Officer Appointed
The Board of 1414 Degrees has appointed oil and gas executive Matthew Squire as its Chief Executive Officer. Mr Squire has extensive experience in the oil and gas, power generation and broader energy sector working for Australian and international publicly-listed...
Market update – Management and Directors
1414 Degrees wishes to inform the market that its Executive Chair, Dr Kevin Moriarty, has provided the Company with 3 months' notice of his intended resignation from executive duties, in accordance with the terms of his employment contract. Dr Moriarty will step down...
SiBox Commercialisation Path
1414 Degrees (ASX:14D) is pleased to report that it has identified the pathway to commercialise its modular SiBox technology and will build a demonstration module. This follows twelve months of testing of SiBox storage media under a variety of operating conditions in...
Crown Sponsorship extended to 280MWh battery storage on Aurora
South Australian Government Crown Sponsorship for the Aurora Energy Project has been extended to support an increase of the battery storage component. It has previously been extended to support construction of the battery and the Company’s thermal energy storage...
First Quarter 2021
- Aurora revenue upside potential grows - Global decarbonisation policies driving SiBox industrial heat opportunities - Cash of $4.6m - R&D rebate of $1.9m in process 1414 Degrees’ (ASX : 14D) overall company strategy was updated in the first quarter of...
Aurora Project Update
- Internal modelling is identifying the lowest risk plant configurations with the highest returns - BESS size could double to 140MWh in Stage 1 - Offers of vendor finance received - Potential for Federal Government funding of $110m - Final BESS business case will be...