1414 Degrees Advances Decarbonization Solutions with New Grant and Business Model

An update from 1414 Degrees Ltd. ( (AU:14D) ) is now available.

1414 Degrees Ltd has made significant strides in advancing its Heat-as-a-Service (HaaS) business model and SiPHyR™ hydrogen technology. The company received a $0.492 million grant to accelerate catalyst development for SiPHyR, which promises a faster, lower-cost hydrogen production method with additional revenue streams from solid carbon co-products. The HaaS model has gained traction among industrial customers seeking low-emission heat solutions without capital investment, benefiting from favorable pricing conditions due to renewable energy growth. These developments position 1414 Degrees as a key player in the decarbonization of hard-to-abate sectors like cement and steel, enhancing its market presence and potential for long-term shareholder value.

More about 1414 Degrees Ltd.

1414 Degrees Ltd operates in the energy sector, focusing on innovative thermal energy storage solutions. Their primary products include the Heat-as-a-Service (HaaS) model and the Storage Integrated Pyrolytic Hydrogen Reactor (SiPHyR™) technology, aimed at providing low-emission heat and clean hydrogen, respectively. The company targets industrial and utility customers, with a market focus on decarbonization and renewable energy integration.

Average Trading Volume: 378,126

Technical Sentiment Signal: Hold

Current Market Cap: A$8.17M

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