1414 Degrees advances its strategic shift toward decarbonised energy solutions, as development milestones are advanced
1414 Degrees Limited (ASX:14D)
Investment Highlights
• Delivered 20-year SiBox unit sales forecast to Woodside, targeting up to 20% of the accessible industrial heat market
• Deloitte engaged to develop Heat-as-a-Service financial model to assist 1414 Degrees in delivering integrated renewable electricity–gas heat contracts
• Generator due diligence for Aurora BESS progressed, clearing the path for the utility to commence network impact assessments
• Pre-commissioning tests underway on SiPHyR Stage 1 prototype reactor, on track for Q4 FY25
1414 Degrees Ltd (ASX: 14D) ("1414 Degrees", “14D’, or the "Company") is pleased to announce its Appendix 4C Activities and Cashflow report for the period ended 31 March 2025 (Q3 FY25).
Commenting on 1414 Degrees' March 2025 quarter performance, the Company's Executive Chair Dr Kevin Moriarty said:
"The March 2025 quarter saw 1414 Degrees further progress its plans to transform from a pure technology developer to a full-service provider of decarbonised energy solutions. One key deliverable over the quarter included further work on a wide-ranging Heat-as-a-Service framework, under-pinned by the financial model being developed by Deloitte. Another notable achievement was the continued progress in delivering on our 2021 SiBox Development Agreement with Woodside, with a detailed commercialisation model created. While this model currently targets just 20% of the accessible industrial heat market, the potential revenue that could be generated from it is significant.
"Our exciting SiPHyR programme also made significant headway over the March 2025 quarter. Its Stage 1 prototype reactor is now in pre-commissioning and on track for a startup in our Q4 FY25. At the same time, this programme's catalyst and sparging system was also advanced. And last but not least, out team also delivered advances in other core 1414 Degrees technologies, including work on both the next-gen variant of our already proven SiBrick modules, and the connection agreement for the Battery Energy Storage System (BESS) on our SA-based Aurora project.
"Looking ahead, a number of key development milestones are expected to be delivered over the final part of our FY25, including the start-up of our SiPHyR prototype reactor and a final connection agreement for the BESS at the Aurora Energy Precinct. We look forward to updating the market on delivery of these milestones over coming months."
Quantitative Achievements
1414 Degrees successfully progressed some commercial modelling and market planning initiatives over Q3 FY25.
Specs for Deloitte financial model finalised: Q3 FY25 saw the Company finalise specifications for a robust financial model with Deloitte to underpin Heat-as-a-Service (HaaS) contracts, supporting capital-light deployment.
SiBox commercialisation model delivered to Woodside: The quarter also saw 1414 Degrees deliver a SiBox unit sales commercialisation model to Woodside Energy Technologies Ltd (Woodside), under the SiBox Development Agreement, projecting a 20-year growth trajectory based on up to 20% market penetration.
Operational Achievements
1414 Degrees delivered a host of milestones across its suite of technology offerings over the course of the March 2025 quarter.
Heat-as-a-Service (HaaS)
1414 Degrees evolves into solutions provider: The quarter saw the Company continue to advance its transition to a solutions provider, selling “heat product” under contracts analogous to electricity supply agreements.
SiBox control system enhancements: The Company's proprietary SiBox control systems have now evolved to the point where they can dynamically manage electricity and gas inputs to undercut gas-only pricing while lowering carbon emissions.
SiBox® Commercialisation
Industrial steam generator site assessment: 1414 Degrees assessed an opportunity on a site with a 10MW heat load and demonstrated the ability of SiBox to deliver heat at a lower cost for 90% of the year compared to a gas-fired boiler.
Pre-feasibility assessments progressed: The Company continued to advance its program of pre-feasibility assessments across multiple project opportunities over Q3 FY25, identifying fit-for-purpose applications across various industries.
SiBox design enhancements: Ongoing collaboration with suppliers targeted further refinement of the SiBox design, with a focus on manufacturability and cost optimisation to support future deployments.
Customer-centric studies advanced: The Company advanced studies with potential customers and finalised a valuation model for the SiBox technology under the Woodside Development Agreement. These studies continue to inform a tailored approach to market entry.
SiBrick® Innovation
High-temperature SiBrick testing: 1414 Degrees' high-temperature SiBrick modules underwent further testing, continuing to demonstrate thermal durability and repeatable performance under commercial-like conditions.
Development of next-gen SiBrick variants: The Company progressed the development of innovative next-generation SiBrick variants, with the aim of targeting specific industrial use cases.
SiPHyR™ Development
Pre-commissioning tests occur: The SiPHyR Stage 1 prototype reactor underwent precommissioning tests in Q3 FY25. It is scheduled to come online in the June 2025 quarter (Q4 FY25), marking a significant development of 1414 Degrees’ methane pyrolysis pathway.
Catalyst selection process underway: Extensive catalyst selection tests were conducted in an atmospheric reactor over the quarter, helping narrow the optimal operational conditions and reactor chemistry.
Gas-sparging system design and test work: A prototype gas-sparging system was designed and tested during the quarter and will be integrated into the SiPHyR Stage 1 prototype.
Aurora BESS
Generator Performance due diligence progressed: 1414 Degrees continues to advance the connection agreement for the Battery Energy Storage System (BESS) at the Aurora Energy.
Precinct. Completion of this due diligence phase will allow the transmission utility to begin network impact studies, bringing the project another step closer to grid connection.
Stakeholder Engagement & Events
The Company presented or exhibited at a number of conferences and events during Q3 FY25, including:
• Smart Energy 2025, where 1414 Degrees' Commercial Manager presented
• The Long Duration Energy Storage Council (LDES) Roundtable, which was attended by the Company's Commercial Manager
• A 1414 Degrees exhibition at the Flinders University Careers Festival, where Company staff engaged with students and post-graduates
• The SAHy Conference, where Dr Farzad Poursadegh, Development Manager – Hydrogen gave a presentation.
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About us:
ABOUT 1414 DEGREES LIMITED
1414 Degrees is a leader in industrial decarbonisation with its cutting-edge silicon-based solutions, enabling the alignment of energy supply with demand, fostering the widespread adoption of renewable energy. Our key technologies include:
• SiBrick®: thermal energy storage technology safely and efficiently stores renewable electricity as latent heat, available for use on demand.
• SiBox®: facilitates the transition to sustainable industrial processes, SiBox delivers consistent, high-temperature heat. It can be seamlessly retrofitted into heavy industry processes, offering a viable alternative to conventional energy sources.
• SiPHyR™: methane pyrolysis reactor with integrated storage. SiPHyR will produce low-emission hydrogen and solid carbon using renewable energy sources.
1414 Degrees has showcased its capabilities through successful pilot projects that highlight the reliability and effectiveness of its solutions. SiBox has proven its ability to deliver high-temperature air or steam on demand from stored heat. The development of SiPHyR underscores our commitment to innovation and sustainability.
In 2019 the Company made the strategic purchase of the Aurora Energy Project (AEP) located near Port Augusta, South Australia. The project is a long-term renewable energy initiative to deliver reliable electricity to the region and National Electricity Market. The AEP has approval for 14D to pilot and demonstrate a large commercial scale version of the SiBox technology.
For more information, please visit www.1414degrees.com.au
Contact details:
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1414 Degrees
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P: +61 8 8357 8273
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Julia Maguire
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