NSW’s $1 Billion Green Bank Backs Big Batteries with First Investment

NSW’s $1 billion clean energy fund selects first investment projects

Battery storage projects in Homebush and Newcastle will receive $100 million, the first investment made by the government’s Energy Security Corporation.

ESC makes first investment in major NSW battery platform

Image: Design Stock/stock.adobe.comThe NSW Energy Security Corporation (ESC) will invest $100 million towards a large-scale battery platform across Sydney, Newcastle and the Hunter Central Coast to help strengthen electricity reliability.  Established by the NSW government, the ESC aims to accelerate co-investment in critical energy infrastructure to support a reliable and secure electricity system as the state’s coal-fired power stations retire…

Australia's Energy Security Corporation's debut investment backs 650MW Ausgrid battery storage platform

The NSW Energy Security Corporation has deployed its first investment, committing AU$100 million to a large-scale battery storage platform.

NSW’s $1 billion green bank backs big batteries with first investment

The $1 billion (USD 710 million) New South Wales Energy Security Corporation (ESC) has identified its first project, investing $100 million in a large-scale battery platform to be rolled out across Sydney, Newcastle and the Hunter Central Coast. The funding will support the construction of four grid-scale battery projects to be delivered by Plus Grid Storage, an offshoot of electricity distribution network company Ausgrid. The first two batterie…

Energy Security Corporation invests $100M in big batteries

New South Wales’ Energy Security Corporation (ESC) will invest $100 million in the rollout of a large-scale battery platform across Sydney, Newcastle, and the Hunter Central Coast to strengthen electricity reliability as coal-fired power stations age and retire. The NSW Government established the ESC to accelerate co-investment in the critical energy projects needed to deliver a reliable and secure energy system for the state. Related article: W…