The NSW Energy Security Corporation is now fully operational, with the appointment of an independent Board and funding available to invest in accelerating projects that will get more reliable, clean and affordable electricity into the NSW energy grid.
The Minns Labor Government has established the Energy Security Corporation as a government-backed investor, that co-invests with the private sector to accelerate the delivery of a reliable, secure energy system for NSW.
The Corporation has $1 billion of seed funding for investment in large-scale storage and enabling assets, including big batteries, network infrastructure and scalable community energy resources.
With its Board in place, the Energy Security Corporation is now open to make investments and is ready to support projects that will shape a more secure, reliable and clean electricity system for businesses and households state-wide.
The inaugural Board will be chaired by Cameron O'Reilly, an expert in public policy and the Australian energy market and electricity transition. In 2023, Mr O'Reilly led the NSW Electricity Supply and Reliability Check Up.
Alongside Chair Cameron O'Reilly, the Board features a distinguished group of directors - David Borger, Helen Conway, Michael Cummings, Sharon Eacott, Katerina Kimmorley and Daniel Papps.
In February, the Minns Labor Government announced the Energy Security Corporation's first Investment Mandate to address investment gaps and ensure a reliable energy system for NSW homes and businesses.
Key investment priorities include short to long-duration storage projects, infrastructure upgrades for grid operation and coordination of consumer energy resources such as virtual power plants.
