• Firm commitments received to raise $2.69 million via placement
• Strategic focus on rapidly growing global data centre market
• Funds to accelerate development of Aurora Energy Precinct and 14D's clean energy storage technologies

1414 Degrees Ltd (ASX: 14D) is pleased to announce that it has received firm commitments to raise $2.69 million (before costs) via a placement to sophisticated, professional and institutional investors. The funding enables the Company to advance its portfolio of clean energy storage and decarbonisation technologies across a range of energy-intensive industries, with a strategic focus on the global data centre sector. The global data centre market is a rapidly expanding market requiring reliable, low-emissions power and thermal solutions. 1414 Degrees' technologies, including its dispatchable renewable energy, battery storage, and thermal energy storage solutions, are uniquely positioned to address the data centre sector's requirements for 24/7 reliable power, high-density energy supply, efficient thermal management, and decarbonisation pathways. The placement will enable the company to regain 100% ownership and control of the Aurora BESS project, complete the requirements to access the 275kV transmission line, and accelerate commercialisation initiatives and investment in the data centre sector as well as other energy-intensive industries. The funds will also be used to advance the company's SiNTL silicon anode battery materials program, integrate carbon derived from SiPHyR reactors into anode material development, and support general working capital.

The company believes it is entering a period of sustained activity and value creation, with multiple milestones ahead across its Aurora and SiNTL programs. The company will also explore opportunities within the commercial and defence drone market where it believes its technology has potential to deliver benefits.