2 sources · updated 6d ago

NSW green bank commits $100M to 1 GW battery network

The New South Wales Energy Security Corp. has made its first investment, providing AUD 100 million to support four grid-scale battery projects expected to reach 1 GW of capacity by 2031.

Coverage — read at the source

• ess-news.com · 6d ago

  Australian green bank backs 1 GW battery network in first deal ↗

  New South Wales Energy Security Corp. has made its first investment, committing AUD 100 million ($710 million) to support a battery platform expected to grow to 1 GW of capacity by 2031. The funding will support the construction of four grid-scale battery projects to be delivered by Plus Grid Storage, an offshoot of electricity distribution […] The post Australian green bank backs 1 GW battery network in first deal appeared first on Energy Storage .

• pv-magazine-australia.com · 6d ago

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

  The New South Wales government’s new green bank has unveiled its first project, investing $100 million to support construction of a battery network expected to reach up to 1 GW of capacity by 2031.