Canada: Abraxas Power Submits Environmental Study for Its Green Hydrogen Project

Abraxas Power and its subsidiary EVREC announce the submission of the environmental assessment registration for their green energy hub project in Newfoundland, including a 3.5 GW onshore wind farm and the production of green hydrogen and ammonia.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Abraxas Power Corp., a leading developer in the energy transition, and its subsidiary Exploits Valley Renewable Energy Corporation (EVREC) have announced the submission of the environmental assessment registration with the Department of Environment and Climate Change of the Government of Newfoundland and Labrador for their green energy hub project in the Botwood area.

EVREC’s project aims to develop a 3.5 gigawatt (GW) onshore wind farm associated with energy and molecular storage facilities, powering the production of green hydrogen (H₂) and green ammonia (NH₃). This initiative is expected to generate up to 200,000 tons of green hydrogen and up to 1,000,000 tons of green ammonia annually for export to global markets.

A Major Project in Central Newfoundland

In 2023, EVREC was granted access to over 300 square kilometers of crown lands by the province of Newfoundland and Labrador for the development of this project in Central Newfoundland. Since this land access award, EVREC has significantly advanced pre-construction activities, including environmental data collection, resource measurement, and public consultations.

The project, whose final design depends on these ongoing assessments and activities, represents a total capital investment estimated at CAD$12 billion. According to an Economic Impact Assessment published by Jupia Consulting, the project is expected to have significant impacts on the provincial economy.

A Major Economic Impact for Newfoundland and Labrador

The economic impact study predicts that EVREC’s project will increase the provincial Gross Domestic Product (GDP) by CAD$7.8 billion over the 34-year lifespan of the project (in 2024 dollars), excluding GDP impacts arising from spending tax and royalty revenues. Additionally, it is expected to contribute CAD$3.1 billion in employment income within the province.

The project will support 10,900 person-years of employment during the four years of construction and over 21,600 during the 34-year operating period. It is also expected to boost annual household spending in Newfoundland and Labrador by over CAD$2.2 billion and contribute CAD$220 million in tax revenue to municipal governments over a 38-year period (CAPEX and OPEX phases). The provincial government is estimated to receive CAD$8 billion, and the federal government CAD$1.6 billion from in-province activity alone.

Colter Eadie, CEO of Abraxas Power, stated: “Today marks a pivotal milestone for EVREC as we register the Project with the Government of Newfoundland and Labrador. This project is not just about harnessing the power of natural resources; it’s about developing a strong partnership with our local communities as we transform the future of energy. This initiative will boost Newfoundland’s economy by creating substantial high-skilled job opportunities and fostering economic stability and vibrant, thriving communities.”

About Abraxas Power

Abraxas Power is an innovative energy transition developer focused on decarbonizing hard-to-abate sectors and creating value by solving the current and future challenges of the energy transition. Abraxas Power’s broad mandate allows it to identify opportunities across technologies and geographies to transform the global energy industry.

The Abraxas team has extensive experience in leading, financing, and addressing the challenges associated with the energy transition, with a proven track record of delivering complex, large-scale development projects across various disciplines, including renewable power and storage, hydrogen and ammonia production, industrial and precious metals, large-scale project construction, and operations at scale.

Lhyfe has started supplying Essent with renewable green hydrogen under a multi-year contract, marking a major commercial debut in the Netherlands for the French producer.
The Dutch government grants major funding to RWE to develop an offshore wind-powered electrolysis facility, marking a key step in the OranjeWind project.
thyssenkrupp nucera has completed the purchase of key assets from Green Hydrogen Systems, strengthening its position in pressurised alkaline electrolysis for industrial hydrogen production.
GH2 Solar Ltd partners with AHES Ltd to build an electrolyzer plant in Gwalior, targeting 500 MW capacity by 2030 with $19mn government support.
A cooperation agreement, a bilateral carbon-credit mechanism and converging standards lay the ground for India→Japan hydrogen and ammonia flows, with volume targets, price-support schemes and first export projects scaling up.
Hydrogen offtake agreements are multiplying, with Germany and Japan leading, mobilizing producers and industrial buyers in a still nascent but already highly competitive market.
Vema Hydrogen mobilise des experts internationaux pour accélérer la mise sur le marché de son hydrogène minéral, alors que l’entreprise prévoit de forer ses premiers puits pilotes en Amérique du Nord d’ici la fin de l’année.
First Public Hydrogen Authority opens a request for proposals to transport gaseous and liquid hydrogen across California, with a deadline set for September 12.
US-based manufacturer Ohmium unveils a new generation of modular electrolysers integrating all production systems within a reduced footprint, aiming to lower installation and operating costs for green hydrogen.
ABO Energy and Hydropulse join forces to develop decentralised green hydrogen production units in Europe, with Spain and Finland as priority markets.
Next Hydrogen secures two separate loans, including one from its executives, to consolidate liquidity and continue operations while evaluating long-term financial solutions.
Metacon receives EUR 14.9 million from Motor Oil Hellas for the approved delivery of ten electrolysis units, marking the first stage of a strategic industrial project in Greece.
The European Union’s regulatory framework mandates green hydrogen integration in refineries, generating projected demand of 0.5 million tonnes by 2030.
Air Products transported over 50 tanker trucks to the Kennedy Space Center to fill the world’s largest liquid hydrogen tank, supporting NASA’s Artemis missions.
Driven by federal incentives, hydrogen hubs and industrial demand, the U.S. green hydrogen market shows a compound annual growth rate of 63.8% through 2032.
According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.
Despite declining revenues, Next Hydrogen maintains operational continuity in Q2 2025 through new private and institutional financing.
Transition Industries assigns Bonatti to build core infrastructure for Pacifico Mexinol, a strategic methanol complex in Mexico poised to become a major global player.
GeoPura has acquired key assets from Green Hydrogen Systems and opened a subsidiary in Denmark to support its expansion in hydrogen electrolyser production and maintenance.
BP and Fortescue withdrawals reveal gap between promises and economic reality in the sector, despite 22.7 billion Australian dollars in government incentives.

Log in to read this article

You'll also have access to a selection of our best content.