The SiBox® Demonstration Module is charging according to National Electricity Market (NEM) pricing.
In a successful new phase of operation, our technology demonstrates the capability to discharge a constant 24/7 heat output while charging intermittently when electricity is cheaper.
This is an essential requirement for customers as it will allow them to minimise their energy costs while enabling their processes to run continuously.
Read the complete update to the ASX below.
Highlights:
- Successful integration of SiBox with National Electricity Market pricing
- Consistent heat output maintained despite variable charging cycles representing low and high pricing periods, demonstrating reliability and commercial viability
- Completion of six daily cycles at 700°C, with plans for higher temperature operations
Figure 1. Shows constant heat output (orange) for 6 days with variable storage temperature (red). Top is SiBox state-of-charge (blue). Middle shows NEM price curves (blue line) and SiBox charging status (green is on).
This is an essential requirement for customers as it will allow them to minimise their energy costs while enabling their processes to run continuously. The SiBox successfully completed six daily cycles at 700°C output. Future runs will be conducted at higher temperatures.
This sets the stage for the SiBox to participate in demand management on the NEM to further minimise energy costs.
Furthermore, 14D is preparing the SDM to test its ability to provide frequency control ancillary services (FCAS) in the NEM, potentially enabling a new revenue stream for future SiBox installations in the electricity market while also substituting a renewable source of FCAS for the typical fossil fuel source of gas or coal.
About FCAS
FCAS are mechanisms in the power grid that maintain the balance between electricity demand and supply, ensuring a stable and reliable frequency. Generating revenue from FCAS involves rapidly in response to grid imbalances, and receiving compensation for helping maintain system stability