Why the 1414 Degrees (ASX:14D) share price just reached a 52-week high?

The 1414 Degrees Ltd (ASX: 14D) share price touched a 52-week high today after a positive update on the company’s Aurora business case study.

Shares in the green energy company reached as high as 23.5 cents in early afternoon trade, but have since retreated to 20 cents, up 8.33% at the time of writing.

What 1414 Degrees does

1414 Degrees designs and develops thermal energy storage systems. The company primarily focuses on making large scale energy storage for networks and industries. It claims that its solutions fill a critical gap in energy storage.

Its technology includes a process that utilises silicon’s high melting point of 1414 degrees, enabling it to hold more energy than other materials. Thus its system holds energy…