Page 15 - National Poultry Newspaper

Degrees and Pepe’s Ducks had reached an agreement for a research, develop- ment and demonstration project to be undertaken at the producer’s NSW processing plant.
Subject to finalisation of an engineering review, the installation will pro- vide Pepe’s Ducks with electricity and heat – pre- dominantly in the form of steam.
With a nominal storage capacity of 25MWh, and coupled with a turbine en- ergy reclaim system, the 1414 Degrees TESS-IND will significantly increase energy efficiency at the site while reducing power bills.
Pepe’s Ducks chief fi- nancial officer David Fox said, “Pepe’s is looking at long-term, viable com- mercial applications that reduce operating costs for the business and are envi-
ronmentally sustainable.” “The 1414 Degrees tech- nology meets this require- ment by helping us to re- duce electricity costs and
displace gas.”
The announcement
comes just months af- ter the South Australian Government awarded the company a Renewable Technology Fund grant for a collaboration with SA Water to integrate energy generation from waste with storage.
That device is under construction for commis- sioning next quarter.
“Energy storage is mov- ing from a ‘nice-to-have’
1414 team members at work a the project.
Pepe’s Ducks will soon feature aThermal Energy Storage System. Photo: AdamTaylor
Energy innovator gets ducks in a row ahead of IPO
WITH its Initial Pub- lic Offering in the final stages of preparation, South Australian-based energy innovator 1414 Degrees has inked a deal for the first interstate in- stallation of its products.
The project will see the company integrate its Thermal Energy Storage System into the existing operations of national poultry grower Pepe’s Ducks.
Building of the TESS- IND is expected to com- mence later this year.
1414 Degrees execu- tive chairman Dr Kevin Moriarty said, “The part- nership between 1414 De- grees and Pepe’s Ducks will deliver an Australian- first, big picture energy solution to market.”
“This project clearly un- derlines the strength of our technology, and its po- tential to revolutionise the approach of Australian and international industry to energy storage and heat generation.
“Current investors, and those who have expressed interest in becoming 1414 Degrees shareholders through our pending IPO, will be buoyed by news of this deal.”
Dr Moriarty said 1414
to a mandatory require- ment in communities across the globe,” Dr Mo- riarty said.
“The application of our technology is vast.
“These projects put 1414 Degrees front and centre in the national and inter- national energy storage and heat generation mar- kets, and demonstrate our commitment to delivering energy for all, at all times.
“This is an incredibly important year for us.
“It not only heralds the installation at SA Water and Pepe’s Ducks of tech- nology 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 inter- national investors who are champing at the bit to take up shares through our IPO.”
For more information, visit 1414degrees.com.au
1414 Degrees executive chairman Dr Kevin Moriarty.
www.poultrynews.com.au
National Poultry Newspaper, May 2018 – Page 15
The basic principle.
The 1414 team with aTESS-IND unit.