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1414 Degrees Ltd. ( (AU:14D) ) just unveiled an update.
1414 Degrees Ltd announced that Vast Renewables Limited, a partner in their joint venture SiliconAurora Pty Ltd, has appointed an administrator. Despite this development, SiliconAurora’s operations remain unaffected, and 1414 Degrees holds a security interest in Vast’s share. The company will provide further updates as necessary.
More about 1414 Degrees Ltd.
1414 Degrees Ltd is a leader in industrial decarbonisation, offering silicon-based solutions that align energy supply with demand to promote renewable energy adoption. Their key technologies include SiBrick for thermal energy storage, SiBox for high-temperature heat in industrial processes, and SiPHyR for low-emission hydrogen production. The company has demonstrated its capabilities through successful pilot projects and owns the Aurora Energy Project, aimed at delivering reliable electricity in South Australia.
Average Trading Volume: 1,925,681
Technical Sentiment Signal: Sell
Current Market Cap: A$9.26M
Learn more about 14D stock on TipRanks’ Stock Analysis page.