30 Oct 2018
Program officially launched by Don Harwin - NSW Minister for Resources, Energy & Utilities, and the Arts. The program aims to promote emerging technology with the objective that these will eventually replace most of the state’s ageing coal plants with wind, solar and storage over the next 15 years.
Current coal based generation capacity which is nearing end of life, with over 70% that needs to be replaced within 15 years. It is expected that new dispatchable, emerging energy resources will be needed in the system over the next two decades to support this transition.
Funding the program will provide to support the commercialisation of new large-scale projects in NSW that use emerging, dispatchable technology. The program will provide up to $10 million in capital funding per project, and up to $500,000 for feasibility studies. The projects must be grid-connected, at least 5MW in size, provide “emerging and dispatchable” technology and have an CO2 emissions intensity cap of 0.5 tonnes.