•  Internal modelling is identifying the lowest risk plant configurations with the highest returns
•  BESS size could double to 140MWh in Stage 1
•  Offers of vendor finance received
•  Potential for Federal Government funding of $110m
•  Final BESS business case will be reported in the near term

Disc: Small holding

CROWN SPONSORSHIP

South Australian Government Crown Sponsorship for the Aurora Solar Energy Project has been extended to support construction of a battery and the Company’s thermal energy storage system (TESS-GRID). 

Crown Sponsorship indicates that the project is sponsored by a State Government agency, in this case the Department of Energy and Mining, as a development of public infrastructure under section 49(2)(c) of the Development Act 1993. This was previously provided for the original project scope of 150MW concentrated solar power and 70MW solar and has now been extended to include 70MW of battery storage and 2MW thermal energy storage. 1414 Degrees acquired the project through its purchase of SolarReserve Australia II Pty Ltd now renamed SiliconAurora Pty Ltd

Disc: I bought a small holding after my post 2 months ago

This is much better than a Cap Raise ~ no share dilution

Jamie Summons to the new role of Managing Director of 1414 Degrees (14D), he will join the Company on 4 January 2021. I have just checked his Bio in Linked In ~ very impressive. I need to look more into 14D