News from 1414 Degrees

Higher revenue outlook for a battery on Aurora Project

Higher revenue outlook for a battery on Aurora Project

1 December 2022 1414 Degrees has recently reviewed the Aurora project to update the modelled revenue projections previously announced on 11 December 2020. That modelling was based upon a project with both 70MW of solar PV and 70MW battery. The business case has...

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Chairmans address 2022 AGM

Chairmans address 2022 AGM

Welcome to the 1414 Degrees 2022 annual general meeting. I am Kevin Moriarty, your chairman.  Though I have not had time in the past week to fully assess the status of the Company I do know that I am excited and ready to be back in this role. I also understand that...

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Aurora Energy Project update

Aurora Energy Project update

16 June 2022 Yesterday we executed agreements with Vast Solar to create a joint venture at our Aurora Energy Project by way of a sale of 50% of our ownership of the shares in Silicon Aurora Pty Ltd for $2.5 million. The shares will be purchased by a wholly-owned...

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Commencement of Connection Approval Process for Aurora

Commencement of Connection Approval Process for Aurora

22 May 2022 Following confirmation of primary technical inputs, 1414 Degrees (ASX: 14D) has today executed a work order with ElectraNet (the South Australian transmission network service provider) to commence the Generator Performance Standard (GPS) study for the...

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March 2022 Quarterly Activity Report

March 2022 Quarterly Activity Report

Highlights: Successful completion of SiBox demonstration module design and external validation modelling All major equipment specifications finalised and site preparation milestone approvals received from funding partner Woodside to now proceed with next phase of...

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Termination of Exclusivity MOU with Ovida

Termination of Exclusivity MOU with Ovida

5 April 2022 Ovida Infrastructure Pty Ltd (Ovida) has terminated its exclusivity MOU with Aurora. Jemena Pty Ltd (of which Ovida is a 100% owned subsidiary), has made the decision to focus on investing in its existing assets as opposed to the unregulated electricity...

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Half Year Results Announcement

Half Year Results Announcement

24 Feb 2022 1414 Degrees (the Company) today released its Half Year Results and Directors report for the half year period ended December 2021. The Company recorded a net loss for the period of $3,256,210. This figure included a non-cash impairment of $997,516 for the...

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December 2021 Quarterly Activity Report

December 2021 Quarterly Activity Report

Highlights: - Strategic partnership announced with Woodside Energy Technologies to develop the SiBox demonstration module and provide $2 million of funding - Awarded up to $2.2 million Australian Federal Government Modern Manufacturing Initiative (MMI) grant for...

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