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Hanwha Power Boosts Support for $40B Submarine Project with Low-Carbon Energy MOU with University of Alberta
Hanwha Power (CEO Rafi Balta) announced that it signed a Memorandum of Understanding (MOU) for joint R&D in low-carbon energy with the University of Alberta on May 22 (local time).
About this update from Hanwha Corp
[{"type":"list","items":[{"val":[{"type":"text","content":"Collaborative R&D on next-gen technologies including waste heat recovery power generation and CCUS, driving local implementation","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Part of the Industrial and Technological Benefits (ITB) program linked to Hanwha Ocean's Canadian Patrol Submarine Project (CPSP)","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"Strategic expansion of local partnerships following recent agreement with energy infrastructure leader, Pembina","length":111,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":376,"olType":false},{"type":"text","content":"CALGARY, AB and SEOUL, South Korea, May 25, 2026 /PRNewswire/ -- Hanwha Power (CEO Rafi Balta) announced that it signed a Memorandum of Understanding (MOU) for joint R&D in low-carbon energy with the University of Alberta on May 22 (local time).","length":249,"tagName":"p"},{"type":"image","alt":"Hanwha Power and the University of Alberta signed an MOU on May 22 in Canada to collaborate on low-carbon energy technologies.","displaySize":"","headline":null,"caption":"Hanwha Power and the University of Alberta signed an MOU on May 22 in Canada to collaborate on low-carbon energy technologies.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/5f52c4a1cd6bec6d412713b2f947696d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PA8yQZxh_.z3fjqYPQ0W7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MQ--/https://media.zenfs.com/en/prnewswire.com/5f52c4a1cd6bec6d412713b2f947696d","width":400,"height":267},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/_VtM3nrUDZU5PKcB62godQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQyNw--/https://media.zenfs.com/en/prnewswire.com/5f52c4a1cd6bec6d412713b2f947696d","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2987361/MoU.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The agreement focuses on the joint development of next-generation low-carbon power technologies, including waste heat recovery systems, Turbo Expander Generators (TEG), and Carbon Capture, Utilization, and Storage (CCUS). This partnership is spearheaded as part of the Industrial and Technological Benefits (ITB) program associated with Hanwha Ocean's Canadian Pa...