Abraxas Power Corp.'s subsidiary, Exploits Valley Renewable Energy Corporation (EVREC), has submitted the Environmental Assessment Registration for its Green Energy Hub project in Botwood, Newfoundland. The project, awarded access to crown lands for development, will feature a 3.5 GW onshore wind project coupled with energy and molecular storage to produce green hydrogen and ammonia for global markets. EVREC's capital investment of CAD$12 billion is expected to boost the provincial GDP by $7.8 billion over the project's life, create significant job opportunities, and increase household spending. The initiative emphasizes community partnership, economic stability, and environmental responsibility. Colter Eadie, CEO of Abraxas Power, highlights the project's transformative impact on energy, economy, and job market in Newfoundland and Labrador. The project's Economic Impact Assessment predicts substantial contributions to the region, including employment income, GDP growth, and tax revenue for municipal and federal governments. EVREC's commitment to sustainable energy development and creating value for local stakeholders is evident in its pre-construction activities and ongoing assessments. This project marks a milestone in Newfoundland's energy transition and showcases the potential for renewable energy to drive economic growth and job creation in the region.