New South Wales announces priority projects for Energy Security Corp.

Long-duration storage will be amongst those funded.

The government of New South Wales has unveiled the first Investment Mandate of the Energy Security Corporation, outlining its co-investment strategy with the private sector for renewable energy projects in the state.

Through its $1b funding, the corporation will prioritise investments in projects such as short to long-duration energy storage facilities. It will also cover upgrading of infrastructure to ensure smooth operation of the grid coordinate and consumer energy resources in households, businesses and the community such as virtual power plants.

Paul Peters has been appointed as interim CEO to kick-off Energy Security’s activities.