Abraxas Power Corp. and EDF Group have announced their partnership to develop the Exploits Valley Renewable Energy Corporation (EVREC) green hydrogen and ammonia project in Central Newfoundland. The Power-to-X project is set to involve over 3 gigawatts of onshore wind capacity to facilitate the production of green hydrogen and green ammonia. The anticipated yearly output includes around 200,000 tons of green hydrogen and 1,000,000 tons of green ammonia. The project aims to reach a final investment decision in 2026, with construction scheduled from 2026 to 2030. EVREC's plans include having its own port infrastructure for exporting products globally. The project is expected to offset more than 1.5 million tonnes of CO2 annually and contribute over CAD$5 billion to Newfoundland through remittances and stakeholder agreements. Additionally, it is projected to create hundreds of new skilled and long-term jobs in Central Newfoundland. The partnership between Abraxas and EDF signifies a crucial move towards a sustainable energy economy. The CEOs of both companies expressed enthusiasm for the collaboration, highlighting the project's potential to drive economic growth, reduce carbon emissions, and support the energy transition. The EVREC project is seen as a transformative step in delivering green hydrogen and ammonia to international markets, emphasizing the benefits for Newfoundlanders and the environment.