NEWS FROM 1414 DEGREES
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...
Crown Sponsorship
South Australian Government Crown Sponsorship for the Aurora Solar Energy Project has been extended to support construction of a battery and the Company’s thermal energy storage system (TESS-GRID). Crown Sponsorship indicates that the project is sponsored by a State...
Fourth Quarter 2020 update
- Positive Aurora Project business case projects revenues up to $60m with 14D TESS - Proprietary SiBox technology confirming robust and efficient energy storage solution - Key CEO and director appointments boost board and management The quarter delivered major...
Aurora business case projects up to $60m annual net revenues
1414 Degrees is pleased to report a positive business case for development of the first stages of its Aurora Solar Energy Project on the National Electricity Market (NEM). The Company engaged independent consultants to model spot energy prices and Frequency...
New Director Appointed
1414 Degrees is pleased to announce that Peter Gan will join its Board as a Non Executive Director commencing 4 January 2021. Peter has held Managing Director, CEO, Company Secretary, and other senior management positions in a variety of listed public and private...
Aurora Solar Energy Project advancing
Following strong support from shareholders in the recent oversubscribed SPP, 1414 Degrees has accelerated development of its Aurora Solar Energy Project at Port Augusta. Project managers and engineering firms are proceeding with design of the substation and advancing...
New Managing Director Appointment
The Board of Directors of 1414 Degrees is pleased to announce the appointment of Jamie Summons to the new role of Managing Director. Jamie will join the Company on 4 January 2021. Kevin Moriarty, Executive Chairman welcomed the appointment stating: “We have undertaken...
GAS-TESS Update
1414 Degrees is pleased to report SA Water have advised the verification testing and witnessing by SA Power Networks (SAPN) of SA Water’s Glenelg Wastewater Treatment Plant (Glenelg WWTP) as a generator has been successfully completed. The GAS-TESS operated...