Abraxas Power Corp. and EDF Group have announced plans to collaborate on a significant 3GW power-to-X (P2X) project in Newfoundland, Canada. The Exploits Valley Renewable Energy Corporation (EVREC) project is set to generate 200,000 tonnes of green hydrogen and one million tonnes of green ammonia annually, utilizing wind energy to power electrolysers for carbon-free hydrogen production. The partners envision exporting the produced hydrogen and ammonia to international markets, aiming for a final investment decision by 2026 and construction spanning from 2026 to 2030. Colter Eadie, CEO of Abraxas and EVREC, highlighted the project's role in advancing towards a sustainable energy economy and supporting Newfoundland and Labrador's green future, projecting a significant economic contribution through job creation and financial benefits. Beatrice Buffon of EDF emphasized how the EVREC project complements the company's Hydrogen Plan, established in 2022 to develop 3GW of electrolytic hydrogen production globally by 2030. The initiative is expected to mitigate 1.5 million tonnes of CO2 emissions annually, aligning with EDF's efforts in decarbonization. The venture signifies a substantial leap forward in renewable energy and sustainability, showcasing competitive advantages in the global green hydrogen and ammonia market. The project's positive impact extends beyond environmental benefits to economic growth, job opportunities, and international trade, positioning Newfoundland as a key player in the transition to greener energy solutions.