NSW has committed new funds to support the construction of wind towers, hydrogen electrolysers and battery storage as part of a strategy to cash in on cheap renewable power following the closure of its main coal fired power generators.
State treasurer and energy minister Matt Kean said a $250 million package would help ensure local companies could manufacture much of the infrastructure needed for the state’s massive transformation from coal to renewables.
“Just as Tesla redefined the motor vehicle industry, I want NSW companies to pioneer new approaches to the energy transformation right across the economy,” he said.
“NSW has some of the cheapest renewable energy in the world, which gives us a massive competitive advantage in producing clean fuels, chemicals and materials such as green steel, green ammonia and green hydrogen.”
The package come just days after the announced…
NSW wants to make wind towers, electrolysers and batteries, be “Tesla” of green industry
