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Hyundai's Hydrogen Plans Propel $24B Canadian Submarine Project

2/24/2026

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Summary

Story summary

Hyundai Motor Co. plans hydrogen fuel-cell infrastructure in Canada for South Korea's submarine fleet contract.
Glenn Copeland, CEO of Hanwha Defence Canada, says discussions with officials are ongoing.
Hanwha pledged C$345 million for Algoma Steel and aims to establish a shipbuilding training hub.
The final proposal is due by March 2.
The submarine program could cost C$20–24 billion and create up to 40,000 Canadian jobs by the early 2030s.

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Story summary

Hyundai Motor Co. plans hydrogen fuel-cell infrastructure in Canada for South Korea's submarine fleet contract.
Glenn Copeland, CEO of Hanwha Defence Canada, says discussions with officials are ongoing.
Hanwha pledged C$345 million for Algoma Steel and aims to establish a shipbuilding training hub.
The final proposal is due by March 2.
The submarine program could cost C$20–24 billion and create up to 40,000 Canadian jobs by the early 2030s.