New South Wales has launched the Energy Security Corporation, a new government-backed investor focused on strengthening the state’s electricity system. The corporation is now fully operational with $1 billion available to support projects that deliver reliable, clean and affordable energy.
The Energy Security Corporation will work with private investors to accelerate projects that improve grid reliability and expand renewable capacity. Its funding will go toward large-scale energy storage, big batteries, network upgrades and community energy systems.
An independent Board will oversee operations and investments, bringing expertise from across the energy, finance and infrastructure sectors.
The corporation’s first Investment Mandate will focus on filling funding gaps in the energy market. Priority areas include short and long-duration storage, modern grid infrastructure and coordination of small-scale energy resources such as virtual power plants.
The organisation will play a central role in New South Wales’ energy transition. It will make strategic investments that build a secure and sustainable electricity system for households and businesses.
It will target areas of urgent need and provide flexible capital to accelerate infrastructure delivery.
The Energy Security Corporation aims to create a stronger, cleaner and more resilient energy future for the state.