Geothermal Energy Proposal Revived in Sussex, New Brunswick by Local Entrepreneur
Discussions on geothermal energy potential in Sussex, New Brunswick, have resumed following local entrepreneur Blair Hyslop's renewed interest. The existing proposal involves utilizing the flooded Penobsquis mine, dating back to a 2017 feasibility study that estimated a $14.4 million project could yield $1.7 million in annual energy savings. Opportunities NB is engaging with local partners to explore investment opportunities, while Nutrien is open to collaboration. Political figures express optimism about the project's potential amid rising energy costs.
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Interest in a geothermal energy project in Sussex, New Brunswick, has been rekindled by local entrepreneur Blair Hyslop. The proposal involves the flooded Penobsquis mine, with a feasibility study from 2020 estimating a $14.4 million project could save $1.7 million annually in energy costs.
Opportunities NB is discussing the investment potential with local partners. Nutrien, the mine's owner, is open to collaboration. Local MLA Tammy Scott-Wallace and others highlight the importance of exploring alternative energy sources as energy demand rises. The project's success hinges on attracting a willing developer.
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