The race is slowly heating up. But they are a very long way...

The race is slowly heating up. But they are a very long way behind.

1414 Degrees Ltd (ASX: 14D) ("1414 Degrees" the "Company") is pleased to announce a Partnership
Agreement(Agreement) with key companies and institutions to develop its SiPHyR™ (SiBrick integrated
Pyrolytic Hydrogen Reactor) technology.

The SiPHyR project, which is designed to produce hydrogen and solid carbon using methane pyrolysis,
has received a significant boost to its development from Woodside Energy Technologies (Woodside). A
$1 million contribution will be made by Woodside consisting of direct funding and the provision of subject
matter expertise. This investment underscores the commitment of all parties involved in advancing
lower-carbon energy solutions.

1414 Degrees’ Executive Chairman, Dr Kevin Moriarty, said that "the signing of the Agreement is a critical
milestone. The contribution from Woodside will support the integration of our silicon thermal energy
storage with a new fluid reactor technology to potentially reduce hydrogen production costs and
emissions.”

SiPHyR integrates licensed designs from the University of Adelaide (UoA) with 1414 Degrees’ silicon
based thermal energy storage technology, SiBrick®, to enable continuous hydrogen production from
intermittent renewable electricity. The technology team includes experts from UoA, Woodside, Vulcan
Steel, and the Royal Melbourne Institute of Technology, supported by a $2.5 million Australian
Government grant under the Cooperative Research Centres Project.

The project aims to advance SiPHyR from its current Technology Readiness Level (TRL) of 2 to TRL 5
within three years. A critical deliverable of this project is a detailed plan for a scaled demonstration at
TRL 7 within two years of this project’s completion, ensuring the technology’s readiness for
commercialisation.

How it works:
Methane pyrolysis is a high-temperature process that converts natural gas or biogas into hydrogen gas
and solid carbon. Existing methods face challenges with scalability and carbon buildup. The UoA's dual
column bubble reactor patent addresses these issues by effectively separating heating from carbon
production. Integrating SiBrick will allow the process to utilise intermittent renewable energy while
maintaining the constant high temperatures required.

The benefits:
SiPHyR aims to produce lower-emissions hydrogen at a cost comparable to current emissions-intensive
methods, targeting less than US$2 per kilogram. This technology could be used to decarbonise natural
gas by removing carbon directly from pipeline gas and offers a compelling business case for hydrogen
use in various production processes.

1414 Degrees will continue to provide updates on the progress of the SiPHyR project. For more
information, please visit 1414 Degrees' website