Six export-oriented projects of global significance are being advanced in Newfoundland and Labrador, Canada – making the province a focal point for clean energy investment and and innovation.
With extremely high wind speeds, large areas onshore and offshore suitable for turbine placement, and a hydro-based electricity grid that is 90+% renewable, Newfoundland and Labrador can assist with decarbonization on an international scale.
Newfoundland and Labrador is home to some of the largest potential underground energy storage formations on the Eastern Seaboard. From salt domes to pumped storage, we have what is required to help balance energy supply and demand.
From nickel to cobalt to iron ore, Newfoundland and Labrador has an abundance of the mineral resources needed for EV batteries, wind turbines, and other clean technologies – and is rated the 9th most attractive jurisdiction in the world for mining investment.
Newfoundland and Labrador’s onshore and offshore wind resources are among the strongest in the world.
Newfoundland and Labrador has an abundance of hydroelectricity (developed and undeveloped) for base load and backup.
We have significant crown land and fresh water available and accessible.
We have established industrial deep seaports that remain ice-free year round. This infrastructure has been integral to supporting offshore energy, ocean sciences, and fishing industries for decades.
Newfoundland is the closest point in North America to Europe, strategically located on major shipping routes.
From extraordinary salt domes to pumped storage possibilities to laydown capacity, we have what is required to balance supply and demand.
NL has a robust energy sector supply chain with specialized expertise in areas such as: engineering; fabrication; marine transportation; logistics; safety; environmental monitoring; etc.
A workforce with a history of supporting large energy, mining, and infrastructure projects primed to drive the energy transition.
econext helps to drive research, development, and innovation in Newfoundland and Labrador’s emerging clean energy industry. We are working to ensure that the present and future workforce are ready to participate, and that the province and its communities maximize the associated economic development opportunities.
Are you looking to get involved in Newfoundland and Labrador’s emerging clean energy industry? Contact us!
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