Hanwha Power Signs Low-Carbon Energy MOU with University of Alberta to Advance Canadian Submarine Programme

## Hanwha Power Signs Low-Carbon Energy MOU with University of Alberta Hanwha Power has formalised a collaborative research and development agreement with the University of Alberta, targeting advanced low-carbon energy technologies as part of its growing industrial commitment to Canada's landmark $40 billion Canadian Patrol Submarine Project (CPSP). According to PR Newswire, the memorandum of understanding (MOU) will focus on next-generation technologies including waste heat recovery power generation and carbon capture, utilisation and storage (CCUS) — areas increasingly critical to the decarbonisation of naval and defence-related maritime infrastructure. ### Industrial and Technological Benefits Programme The agreement forms part of Canada's Industrial and Technological Benefits (ITB) programme, which requires defence contractors to invest in Canadian industry and research commensurate with the value of major procurement contracts. By partnering with a leading Canadian academic institution, Hanwha Power is positioning itself to fulfil ITB obligations while simultaneously building a domestic knowledge base in clean energy technologies relevant to submarine and broader maritime applications. The CPSP, one of the largest defence procurement initiatives in Canadian history, is being led by Hanwha Ocean — the shipbuilding arm of South Korea's Hanwha Group — and is intended to replace Canada's aging Victoria-class submarine fleet. The scale of the programme has drawn significant industrial investment commitments from Hanwha's various subsidiaries. ### Strategic Significance for Maritime Energy Technology The focus on waste heat recovery and CCUS reflects a broader industry trend toward integrating energy efficiency and emissions reduction technologies into naval vessel design and support infrastructure. Waste heat recovery systems, which capture and repurpose thermal energy generated by propulsion and auxiliary systems, can meaningfully reduce fuel consumption and emissions over a vessel's operational life. For the maritime industry, the MOU signals that major defence shipbuilding programmes are increasingly being leveraged as catalysts for clean energy innovation — a model that could inform future procurement frameworks in other allied nations. Hanwha Power's strategic expansion of its local Canadian presence through academic partnerships also underscores the importance defence contractors now place on demonstrating long-term economic and technological contributions to host nations, beyond the immediate scope of vessel construction. Further details on the research timelines and specific technology development milestones are expected to be disclosed as the CPSP advances through its procurement phases.