NSW is undergoing a major energy transformation. As energy demand grows and our state’s coal-fired power stations retire, we need to invest in the right infrastructure to meet our needs now and for the future.
The Energy Security Corporation is a $1 billion government-backed clean energy investor with a clear public mandate: to accelerate investment in large-scale storage and enabling infrastructure to support a reliable and secure electricity system for NSW.
Established in June 2024 under the Energy Security Corporation Act 2024, its objectives are to:
- accelerate private sector investments in clean energy projects in NSW that improve the reliability, security and sustainability of electricity supply
- support NSW to achieve its emissions reduction targets under the Climate Change (Net Zero Future) Act 2023
- complement other government initiatives relating to clean energy technologies and partner with the private sector to finance clean energy technologies
- achieve a government-mandated rate of return through a portfolio approach.
Investment priorities
The Energy Security Corporation’s investment focus areas are informed by its Investment Mandate which is directed by the Minister for Energy.
Priority areas for investment include:
- utility-scale storage projects, like pumped hydro and big batteries
- system security and network infrastructure, like existing network upgrades
- consumer energy resources, like scalable platforms and portfolios of rooftop solar and batteries.