Australia's 1414 Degrees climbs on term sheet for transmission line

Vast Renewables

09/04/2024 02:18

** Shares of clean energy co 1414 Degrees  14D.AX  rise as
much as 15% to A$0.069
    ** SiliconAurora, co's joint venture with Vast Renewables
 VSTE.O , signs a term sheet to enter a possible deal with Vast
Solar 1 and OZ Minerals Services 
    ** A deal would provide access for initial stages of the
Aurora Energy Precinct to a hill-to-hill transmission line near
Port Augusta, South Australia
    ** The precinct is owned by SiliconAurora, which plans to
develop a battery energy storage system on the site
    ** Stock has risen 5.3% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))