ONB News
Powering our Economy and the World with Clean Energy
April 8, 2024
Energy Innovation
With an abundance of resources, unique assets, and a strategic position on Canada’s East Coast, New Brunswick is a leader in energy innovation.
We have…
A Diverse Energy Mix
One of North America’s most diverse energy portfolios.
Talent Acquisition Support
Opportunities New Brunswick’s Client Engagement team will assist in sourcing the correct talent.
Partnership Establishment
Utilities, testing facilities, industry leaders, non-profits, think tanks, and more, Opportunities New Brunswick can connect you with them all.
Research and Development
Take advantage of a cohesive environment with leading R&D institutions.
Low-cost Land and Facilities
Industrial land and facilities, large or small, remote or urban, we can offer it with a lower price tag than competing jurisdictions.
Access to Critical Resources
Wind, water, land, solar exposure, minerals, biofuels, and much more, New Brunswick can offer an abundance of critical resources.
The Infrastructure is Here
Our ongoing investment in critical infrastructure is why global companies like Siemens choose to do business here.
- Most highly diversified energy portfolio in Canada.
- One of the most modern natural gas pipelines, interconnected to the US and with hydrogen handling capability.
- Canada’s only operational LNG terminal. We are better suited than anyone to export liquefied natural gas to Europe.
- Our 80% non-emitting grid is a big draw for businesses looking to reduce the carbon footprint of their operations.
- Home to Canada’s largest refinery, producing over 7% of Canada’s hydrogen.
- A national leader in nuclear energy for the past 40 years – one of only two provinces in Canada with nuclear operations and expertise.
New Brunswick’s Energy Future
- We have a considerable low-cost clean hydrogen production and export potential
- New Brunswick is aiming to double its carbon-free nuclear base load generation by 2035
- We are adding new EV charging stations and increasing application of biofuels and hydrogen
- We will be significantly increasing wind and solar capacity by almost 5x by 2035
- New Brunswick is a national leader in GHG emission reductions and aims to achieve net-zero emissions in its electricity sector by 2035
You Can Grow Here
Energy technology is key to our future growth and prosperity. Our government is dedicated to supporting this sector – New Brunswick’s capital budget included a 50% increase in spending on energy efficiency.
We have market access advantages:
- Over 55 million consumers within 1,000 kilometers.
- Multiple highway system connections into the U.S.
- A strategic gateway between North America and Europe
- We will be significantly increasing wind and solar capacity by almost 5x by 2035
- Nearshore advantage to serve the West Coast of North America
Low Operating Cost
A 27% overall cost savings compared to Toronto, 24% compared to Vancouver, and 28% compared to Boston.
Leverage Our Strengths
With overlapping strengths in Information and Communications Technology (ICT), Cybersecurity, and Advanced Manufacturing, New Brunswick’s ecosystem is ready to serve you.
