Abraxas Power Corp. and EDF Group have joined forces to develop the Exploits Valley Renewable Energy Corporation (EVREC) project in Central Newfoundland, Canada. This initiative focuses on producing green hydrogen and ammonia through a Power-to-X (P2X) approach. The project includes plans for up to 3+ GW of onshore wind capacity to support the production of green hydrogen and green ammonia, with expectations to generate around 200,000 tons of green hydrogen and 1,000,000 tons of green ammonia annually. EVREC aims to establish its own port infrastructure for exporting these products globally. The partnership between Abraxas and EDF, as equity partners, is aimed at making a final investment decision in 2026. Construction is projected to take place between 2026 and 2030, bringing with it the creation of hundreds of new, highly skilled, and long-term job opportunities in central Newfoundland. Leaders from both companies, including Colter Eadie and Beatrice Buffon, have expressed their excitement and commitment to advancing the energy transition and supporting sustainable energy practices through the EVREC project. The project is expected to significantly reduce carbon emissions, with an estimated offset of over 1.5 million tonnes of CO2 annually. Additionally, EVREC is anticipated to contribute over CAD$5 billion to Newfoundland through remittances to the provincial budget and various stakeholder benefit agreements over its operational lifespan. Overall, the EVREC project represents a significant step towards a sustainable energy economy, showcasing the potential for green hydrogen and ammonia to play a crucial role in reducing carbon emissions, fostering economic growth, and creating lasting benefits for the local community and the environment.