Study highlights Nova Scotia’s growing energy efficiency industry
May 26, 2014 | By HPAC Magazine
Nova Scotia’s investment in energy efficiency is helping to build a local industry that expects to grow at more than five times the rate of the provincial economy over the next five years. The province’s energy efficiency sector already contributes nearly $200 million a year to the local economy and directly provides 1200 full-time jobs in businesses around the province.
The study, which was conducted by Canmac Economics Limited, provides a snapshot of the province’s energy efficiency industry. It is based on focus groups and surveys of Nova Scotia companies earning more than 50 per cent of their revenue from energy efficiency products or services. More than 60 businesses located around the province took part in the study.
MJM, a locally owned and operated business with offices in Dartmouth and Sydney, specializes in improving home energy efficiency and performance, and has grown 50 per cent over last year. “We currently have a staff of 75 individuals directly employed because of energy efficiency programs and services,” said MJM owner, Jamie Muirhead. The company anticipates continued growth in the range of 15 to 20 per cent in the year ahead.
Efficiency Nova Scotia recognizes local leadership in energy efficiency each year with its Bright Business Awards. Past winners include Dalhousie University, Oxford Frozen Foods and Summerhill Group. The deadline for nominations for this year’s awards, which will be handed out at the Bright Business Conference, is June 30.