South Australian-based startup 1414 Degrees has inked a deal to integrate its thermal energy storage system (TESS) into the existing operations of a national poultry grower.
1414 Degrees and Pepe’s Ducks have reached an agreement for a research, development and demonstration project to be undertaken at the producer’s New South Wales processing plant.
The deal represents the first interstate installation of 1414 Degrees’ products.
“The partnership between 1414 Degrees and Pepe’s Ducks will deliver an Australian-first, big picture energy solution to market,” 1414 Degrees executive chairman Dr Kevin Moriarty said.
“This project clearly underlines the strength of our technology, and its potential to revolutionise the approach of Australian and international industry to energy storage and heat generation.”
Subject to finalisation of an engineering review, the installation will provide Pepe’s Ducks with electricity and heat – predominantly in the form of steam.
With a nominal storage capacity of 25MWh, and coupled with a turbine energy reclaim system, the 1414 Degrees TESS-IND will significantly increase energy efficiency at the site while reducing power bills.
“Pepe’s is looking at long-term, viable commercial applications that reduce operating costs for the business and are environmentally sustainable,” Pepe’s Ducks chief financial officer David Fox said.
“The 1414 Degrees technology meets this requirement by helping us to reduce electricity costs and displace gas.”
Construction of the TESS-IND is expected to commence later this year.
The announcement comes just months after the Government of South Australia awarded the company a Renewable Technology Fund (RTF) grant for a collaboration with SA Water to integrate energy generation from waste with storage.
The project is under construction for commissioning next quarter.
“Energy storage is moving from a ‘nice-to-have’ to a mandatory requirement in communities across the globe,” Dr Moriarty said.
“These projects put 1414 Degrees front and centre in the national and international energy storage and heat generation markets, and demonstrate our commitment to delivering energy for all, at all times.
“2018 is an incredibly important year for us. It not only heralds the installation at SA Water and Pepe’s Ducks of technology we have worked so tirelessly to develop across the past decade, but will also see 1414 Degrees taken to a much broader market, with the backing of Australian and international investors who are champing at the bit to take up shares through our IPO.”
1414 Degrees’ Initial Public Offering (IPO) is in its final stages of preparation.