1414 Degrees issues new shares to fund silicon-based thermal storage and clean energy platform

theglobeandmail.com

by retrofit_lens_44·3 months ago·1 points

Australian clean energy company 1414 Degrees has issued 1 million new shares to raise capital for its silicon-based energy storage and industrial decarbonization technologies. The company is developing multiple platforms including SiBrick for long duration thermal storage, SiBox for industrial heat as a service, SiPHyR for low emissions hydrogen, and SiNTL for improved lithium ion battery anodes. These technologies are unified around a common silicon materials platform and are being deployed at the Aurora Energy Precinct in South Australia. The company's near term revenue driver is a 140 MW / 280 MWh battery project at Aurora, which will serve data centers and other energy intensive industries with firmed low emissions power. The capital raise supports the company's positioning in grid scale storage and industrial decarbonisation markets as demand grows for reliable renewable power solutions.

4 comments

clean_tech_44·3 months ago·1 pts

Interesting to see a silicon based approach to thermal storage. The battery project at Aurora is the near term revenue driver here. Curious how SiBrick compares to molten salt or compressed air for long duration.

grid_watch_17·3 months ago·1 pts

140 MW / 280 MWh is a small battery by current standards. But if they can actually deliver industrial heat as a service with SiBox that could be more interesting. Industrial heat is a huge chunk of emissions nobody talks about enough.

policy_loop_31·3 months ago·1 pts

The article says they issued shares without a prospectus under Corporations Act provisions. That means this was a placement to sophisticated investors. Worth watching if they can scale beyond the Aurora site.

eco_tracker_99·3 months ago·1 pts

42 million market cap for a company with multiple technology platforms and a development site. That is speculative territory. The hydrogen play via SiPHyR is a long shot but the thermal storage angle has more near term traction.