New Brunswick and Czech Republic Forge Energy Partnership

The province of New Brunswick has taken a significant step towards strengthening its position in the global energy sector by signing a memorandum of understanding (MoU) with the Ministry of Industry and Trade of the Czech Republic. The bilateral cooperation agreement, signed in Ottawa, emphasizes the two regions’ commitment to energy innovation and economic growth.

Premier Blaine Higgs expressed his confidence in New Brunswick’s ability to power the world with clean energy as the province continues to develop its world-class energy cluster. He highlighted the importance of nurturing the relationship with the Czech Republic to support energy-related initiatives and economic priorities. With this collaboration, New Brunswick aims to capitalize on its competitive advantages and position itself as a leading partner for international investment.

The MoU outlines various areas of cooperation, with a particular focus on the energy sector. It encompasses the development of renewable energy sources, the gas industry (including liquefied natural gas production, transportation, and storage), carbon-neutral and greenhouse gas mitigation technologies, the deployment of small modular reactor (SMR) technology, hydrogen production and related services, among other areas of mutual interest.

The Czech Republic, like many European countries, faces energy uncertainty and seeks to diversify its energy sources and improve energy security. By partnering with New Brunswick, the Czech Republic can tap into the province’s expertise in clean energy and technological advancements. Minister Mike Holland, responsible for Natural Resources and Energy Development, noted that New Brunswick has the potential to play a vital role in helping countries like the Czech Republic create their energy future. The ongoing global transformation of energy development and New Brunswick’s leadership in clean energy options, such as SMRs, will be key focal points for cooperation.

The agreement between New Brunswick and the Czech Republic stems from discussions held during a meeting in May 2023 between Premier Higgs, Minister Dunn, and Czech Ambassador Bořek Lizec. The opportunities for collaboration were explored, leading to the signing of the MoU. The Czech Republic recognizes Canada, specifically New Brunswick, as a valuable partner in advancing its energy goals.

New Brunswick’s lead economic development agency, Opportunities NB, will be crucial in facilitating the partnership. As a Crown corporation, Opportunities NB seeks to attract investment, stimulate economic growth, and create job opportunities in the province. The agency’s support services for businesses will contribute to the successful implementation of the MoU and the realization of its economic benefits.

The agreement with the Czech Republic marks a significant milestone for New Brunswick’s energy sector and economic prospects. The partnership is poised to create new opportunities for innovation, collaboration, and sustainable economic growth while addressing global energy challenges. As New Brunswick continues to build its reputation as a leading clean energy hub, the province is well-positioned to play a pivotal role in shaping the energy future for the Czech Republic and other countries facing similar energy uncertainties.