The agreement, signed Friday, was arranged as part of an industrial and technological cooperation program linked to the Canadian Patrol Submarine Project, or CPSP, in which Hanwha Ocean is competing with Germany's TKMS.
Under the MOU, Hanwha Power and the university will work on energy recycling technologies, including systems that generate electricity from gas turbine waste heat and pressure energy.
The company also plans to explore the feasibility of applying such technologies in the North American market, drawing on the University of Alberta’s research capabilities and talent pipeline.
Beyond joint R&D, the two sides will assess potential industries where the technologies could be used, review business structures and evaluate economic viability as part of efforts to move toward commercialization.
“We are pleased to work with the University of Alberta, a hub of the energy industry,” said Michael Sicker, head of Hanwha Power Systems Americas. “We hope students will grow into future energy experts through this cooperation, while Hanwha Power will also gain a valuable opportunity to verify and advance its technologies in Canada.”
David Bressler, vice president of international and enterprise at the University of Alberta, said, “This will also provide our students with a valuable foundation to apply basic research to real industrial settings.”
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