BUZZ-Australia's 1414 Degrees rises on regulatory nod for battery project

Reuters

01/16

** Shares of 1414 Degrees 14D.AX rise as much as 56% to A$0.039, hitting their highest level since Jan. 7

** Stock marks its biggest intraday pct gain since Oct. 9

** Thermal energy storage technology co secures regulatory nod for its 140 MW Aurora battery, located in South Australia

** Says the Australian Energy Market Operator (AEMO) and the South Australian Transmission Network Service Provider both have confirmed acceptance of co's proposed generator performance standards

** Says acceptance valid for 12 months

** Stock gained more than 10% in 2025, up 3% so far this week

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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