Background

Location: Fredericton, New Brunswick

Since its 2017 economic development plan, the Government of New Brunswick has identified smart grid technology as a significant provincial growth opportunity. The provincial economic development agency, Opportunities New Brunswick (ONB), took the lead in determining the economic outlook associated with this new technology. ONB wished to more clearly articulate smart grid’s potential to accelerate further development throughout associated industries, and become a national and / or global smart grid leader.

Solution

Stiletto identified, quantified and mapped the market opportunity for smart grid in New Brunswick through a number of activities:

  • An asset map of New Brunswick’s supporting environment for the industry was completed.
  • An analysis demonstrated smart grid’s in-depth connection to other sectors.
  • Previously gathered information was consolidated and augmented to create an actionable economic strategy document. This report was aligned with industry-driven initiatives and the strategic pillars identified by the provincial government.

Results

The strategy provided Opportunities New Brunswick with an action plan that included next steps for implementation, spanning from the next three months to five years. Within X months, the group secured $125 million CAD in funding to support the strategy and projects identified by the network members.