With extremely high wind speeds and large areas onshore and offshore suitable for turbine placement, the renewable energy potential of Newfoundland and Labrador is enormous. This is in addition to an electricity grid that is 90+% clean and large undeveloped hydro-electric assets that can assist with decarbonization on an international scale.
Our untapped renewable energy, deepwater ice-free port infrastructure, abundant fresh water sources, and crown lands have made Newfoundland and Labrador an emerging global hub for clean fuels production and export – with over 10GW of projects being planned through some of the world’s most ambitious clean energy projects.
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. Salt domes, pumped storage, and other large scale energy storage solutions are available to help balance energy supply and demand.
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!
Our newsletter is the #1 source of information on news, events, and projects relevant to Newfoundland and Labrador's clean growth priorities.
