The recent blackouts in South Australia have not only tested our relationship with renewable energy, but they’ve highlighted the need for base load power support on the grid.
1414 Degrees is a business (coincidentally located in Adelaide) who propose an interesting solution – using molten silicon to store power. They could store the output of wind farms, capturing the energy and releasing it at optimum times – and as a bi-product they can heat tall buildings without the need to use additional energy.
And the good news for investors is that 1414 Degrees is currently preparing their prospectus for an IPO.
Executive Chairman Kevin Moriarty explained the globally patented process of extracting energy at 1414 Degrees to Alan Kohler.