TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Abraxas Power Corp. ('Abraxas”), a leading energy transition developer, and its subsidiary Exploits Valley Renewable Energy Corporation ('EVREC”), are pleased to announce that EVREC has submitted the Environmental Assessment Registration ('EAR”) with the Department of Environment and Climate Change of the Government of Newfoundland & Labrador for its Green Energy Hub project in the Botwood area.

EVREC is a P2X project that was awarded access to over 300 square kilometres of crown lands by the province of Newfoundland and Labrador in 2023 for EVREC's use in the development of its project in Central Newfoundland. EVREC will include a 3.5 GW onshore wind project with its associated energy and molecular storage powering behind-the-meter hydrogen (H₂) and ammonia (NH₃) production. The project expects to generate up to 200,000 tons of green H₂ and up to 1,000,000 tons of green NH₃ annually that will be exported to global markets.