1414 Degrees Limited (ASX:14D)
1414 Degrees Limited (ASX:14D) is developing and commercialising its silicon-based thermal energy storage technology, SiBox, to enable a clean energy future.
SiBox will harness the extremely high latent heat capacity of silicon in its proprietary storage system. This will enable intermittent renewables to provide flexible, ultra-high temperature heat 24/7 for large industrial applications and to deliver reliable heat and power supply when required. It is envisaged that the flexibility of the SiBox modular development concept will also provide energy customers with the ability to optimise their energy systems in a way that maximises their utilisation of cheaper renewable power and simplifies their purchasing from wholesale energy suppliers.
The Company plans to commission a demonstration module of the SiBox technology in 2022 which will accelerate the commercialisation of SiBox as a competitive clean energy product. The Company has previously implemented pilots which have led to the refinement and evolution of its technology. In 2019 the Company made the strategic purchase of the Aurora Energy Project (AEP) located near Port Augusta, South Australia. The focus of the project is to develop a long-term renewable energy project delivering reliable electricity to the region and NEM. Once ready for commercialisation, the AEP site could also allow 14D to pilot and demonstrate a commercial scale version of the SiBox technology.