Hanwha Power and Pembina Pipeline Sign MOU for Lower-Carbon Power Generation Linked to Canadian Submarine Programme

## Hanwha Power and Pembina Pipeline Forge Lower-Carbon Energy Partnership Hanwha Power Systems has signed a strategic memorandum of understanding (MOU) with Canadian pipeline operator Pembina Pipeline Corporation, targeting lower-carbon power generation opportunities linked to North American energy infrastructure — and with direct ties to a major naval shipbuilding programme. According to a PR Newswire release, the cooperation forms part of the Industrial and Technological Benefits (ITB) programme associated with the Hanwha Ocean Canada Submarine Programme (CPSP), underscoring the increasingly close relationship between defence procurement obligations and clean energy investment in Canada. At the core of the technical collaboration is a waste heat recovery concept: power generation derived from heat discarded by pipeline booster stations. Rather than allowing thermal energy to dissipate unused, the proposed solution would capture and convert it into usable electricity, establishing what the companies describe as a 'carbon-reduction solution for North American energy infrastructure.' The partnership reflects a broader strategic push by Hanwha — the South Korean industrial conglomerate with significant shipbuilding and defence assets — to expand its footprint in the Canadian market beyond vessel construction. By leveraging ITB commitments tied to the submarine programme, Hanwha Power is positioning itself as a contributor to Canada's energy transition goals while fulfilling procurement obligations that require meaningful industrial investment within the country. Pembina Pipeline, one of Canada's largest energy infrastructure companies, operates an extensive network of pipelines, gas processing facilities, and storage assets across western Canada and into the United States — making it a strategically significant partner for deploying waste heat recovery technology at scale. While the MOU represents an early-stage commitment rather than a finalised commercial agreement, it signals growing momentum around the intersection of naval industrial programmes and sustainable energy development. For the maritime and defence sectors, the deal illustrates how large-scale shipbuilding contracts — particularly in the submarine domain — are increasingly being used as levers to drive broader industrial and environmental outcomes in host nations. Further details on project timelines, capacity targets, and investment figures are expected as the partnership progresses through feasibility and development phases.