1414 Degrees Ltd. (AU:14D) has released an update.
1414 Degrees Ltd has announced that its joint venture, SiliconAurora, is advancing negotiations to secure transmission access for its Aurora Energy Precinct via the Hill-to-Hill line, essential for connecting its battery energy storage system to the National Electricity Market. The term sheet, agreed with partners including a BHP subsidiary, outlines steps towards a binding agreement and the commissioning of an independent technical review to assess connection risks. This development is a significant step in 1414 Degrees’ strategic initiative to deliver reliable, renewable electricity through innovative thermal energy storage solutions.
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