Abraxas Power Corp. (Abraxas) and EDF Group have unveiled plans to develop a 3GW power-to-X (P2X) project capable of producing 200,000 tonnes of green hydrogen annually in Newfoundland, Canada.
Unveiled today (18th Nov), the Exploits Valley Renewable Energy Corporation (EVREC) project will use wind energy to produce green hydrogen and ammonia. Wind turbines will power electrolysers, enabling carbon-free hydrogen production.
In addition to its hydrogen output, the project will also produce one million tonnes of green ammonia annually. Abraxas and EDF hope to export the produced hydrogen and ammonia to other global markets.
The partners hope to achieve a final investment decision (FID) in 2026. Construction is expected to take place from 2026 through 2030.
Colter Eadie, CEO of Abraxas and EVREC, said the project represents a transformative step forward towards a sustainable energy economy. He added that the effort also supports Newfoundland and Labrador’s green future.
Once operational, it is thought that EVREC will contribute over C$5bn to Newfoundlanders through remittances to the provincial budget as well as various stakeholder benefit agreements. EVREC will also provide hundreds of new, skilled jobs.
Beatrice Buffon, Group Senior Executive Vice-President, EDF International Division, CEO of EDF Renewables, noted how the project supports the company’s Hydrogen Plan. Launched in April 2022, the Hydrogen Plan set out a goal to develop 3GW of electrolytic hydrogen production worldwide by 2030.
Buffon added, “We are proud to join our partner Abraxas within the EVREC Project, which demonstrates strong competitive advantages in the global green hydrogen and ammonia market. With its Hydrogen Plan, EDF is supporting the energy transition with decarbonisation solutions in the sectors that emit the most CO2.”
It is thought that the project will offset over 1.5 million tonnes of CO2 annually.
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