Lithium battery competitors have become barriers to listing in Australia

Silicon battery packs and ASXaspirant1414Degrees have been combined with ASICs.

The Adelaide-based company submitted a prospectus that raised $3,000 million to $5,000 million and went public and commercialized its new energy storage technology last month. But ASIC is looking for more detailed information, 1414 degrees will have to release a new prospectus.

The company's energy storage equipment uses excess wind or solar energy to melt solid silicon blocks in solid steel casings, and can store energy for a week or two, and discharge customer demand as needed in the form of heat or electricity, although Chairman Kevin Moriart has played down the remarks of the past, that is, the lithium-ion battery of Tesla-Neon battery is out of the water, but this technology is far-sighted.

But the business case depends not only on the continued revolutionary transformation of clean energy but also on energy users using a 1414 degree solution instead of lithium-ion batteries or pumped storage. The company has signed commercial pilot contracts with SAWater, Pep 'sDucks, a poultry processor, and Austin Cor, a corrugated packaging group.

But regulators have been skeptical about startups because the Australian exchange's revenues are minimal after high-profile casualties such as BigUn and Guvera. There is no evidence that 1414 degrees should be enclosed by these comets, but now for fans of molten silicon energy storage, when the company passes through the ASIC, they have to calm down.

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