1414 Degrees Completes Technical Milestones Under Development Agreement with Woodside

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1414 Degrees Completes Technical Milestones Under Development Agreement with Woodside

MT Newswires Live09-09

1414 Degrees (ASX:14D) completed all the technical milestones under the SiBox development agreement with Woodside Energy (ASX:WDS) unit Woodside Energy Technologies, and it was informed that Woodside will retain a non-exclusive SiBox technology license, according to a Tuesday Australian bourse filing.

1414 Degrees will retain complete control and ownership of the SiBox intellectual property, and the firm remains free to pursue partnerships, customers, and commercialization pathways. SiBox is a thermal energy storage system that stores renewable electricity as latent heat.

It is pursuing multiple streams of commercialization for SiBox, including Heat-as-a-Service models for industrial customers and opportunities within the Aurora Energy Precinct.

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