Abraxas Power Corp. and EDF Group have announced a strategic partnership to develop the Exploits Valley Renewable Energy Corporation (EVREC) green hydrogen and ammonia project in Central Newfoundland. This Power-to-X (P2X) initiative aims to incorporate over 3 GW of onshore wind capacity to produce green hydrogen and ammonia, with plans to generate significant annual output for export. The project, expected to reach a final investment decision in 2026, is set for construction between 2026 and 2030. The CEOs of Abraxas and EDF express enthusiasm for advancing the energy transition and promoting sustainability, highlighting the expected economic growth, carbon emissions reduction, and job creation in the region. EDF's commitment to decarbonization and support for the hydrogen plan aligns well with the goals of EVREC, which aims to make a substantial impact on reducing CO2 emissions. Once operational, the project is projected to offset a considerable amount of CO2 emissions annually and provide significant economic benefits to Newfoundland, including job opportunities and contributions to the provincial budget. The partnerships and agreements in place emphasize the collaborative effort to drive the green hydrogen and ammonia market, showcasing the potential for a sustainable energy economy.