--- title: "Could Hanwha Power’s CO₂ Partnership Reframe Pembina Pipeline’s Energy Transition Narrative (TSX:PPL)?" type: "News" locale: "en" url: "https://longbridge.com/en/news/287532680.md" description: "Hanwha Power has signed a non-binding MOU with Pembina Pipeline to explore carbon dioxide waste heat recovery systems for its North American infrastructure. This initiative aims to enhance energy efficiency and reduce emissions. While the collaboration is promising, it does not significantly alter Pembina's focus on execution risks associated with major projects. Pembina's projected revenue by 2029 is CA$9.0 billion, with a fair value estimate of CA$63.61, indicating a potential downside from its current price." datetime: "2026-05-25T12:30:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287532680.md) - [en](https://longbridge.com/en/news/287532680.md) - [zh-HK](https://longbridge.com/zh-HK/news/287532680.md) --- # Could Hanwha Power’s CO₂ Partnership Reframe Pembina Pipeline’s Energy Transition Narrative (TSX:PPL)? - Hanwha Power recently announced it had signed a non-binding memorandum of understanding with Pembina Pipeline to explore deploying supercritical carbon dioxide waste heat recovery power systems across Pembina’s compressor stations and gas infrastructure in North America. - This collaboration highlights how emerging waste heat recovery technology could help lower emissions and water use while potentially improving energy efficiency at Pembina’s midstream assets. - We’ll now explore how this low-carbon waste heat recovery initiative with Hanwha Power could influence Pembina Pipeline’s existing investment narrative. Rare earth metals are the new gold rush. Find out which 27 stocks are leading the charge. ## Pembina Pipeline Investment Narrative Recap To own Pembina Pipeline, you need to be comfortable with a capital intensive midstream business that leans on long term contracts and large projects for growth, while managing toll resets and regulatory friction. The Hanwha Power MOU looks directionally positive for emissions and operating efficiency, but it is early stage and non binding, so it does not materially change the near term focus on execution risk around major projects or exposure to Western Canadian volumes. Among recent announcements, the renewal of Pembina’s normal course issuer bid stands out beside the Hanwha collaboration, because it reinforces an existing capital allocation theme at a time when large projects and toll resets already constrain financial flexibility. While potential waste heat recovery gains could support margins at the asset level over time, investors still need to weigh that against the company’s dependence on big ticket growth projects and associated balance sheet risk. Yet against this cleaner power opportunity, investors should also be aware of the risk that large capital projects could... Read the full narrative on Pembina Pipeline (it's free!) Pembina Pipeline's narrative projects CA$9.0 billion revenue and CA$2.0 billion earnings by 2029. This requires 5.7% yearly revenue growth and an earnings increase of about CA$0.4 billion from CA$1.6 billion today. Uncover how Pembina Pipeline's forecasts yield a CA$63.61 fair value, a 7% downside to its current price. ## Exploring Other Perspectives TSX:PPL 1-Year Stock Price Chart Six members of the Simply Wall St Community currently place Pembina’s fair value between CA$38.63 and CA$194.98, showing very wide dispersion. When you set those views against Pembina’s reliance on large capital projects for growth, it underlines why many investors look at several contrasting opinions before deciding how much execution and balance sheet risk they are comfortable with. Explore 6 other fair value estimates on Pembina Pipeline - why the stock might be worth 44% less than the current price! ## Reach Your Own Conclusion Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. - A great starting point for your Pembina Pipeline research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. - Our free Pembina Pipeline research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Pembina Pipeline's overall financial health at a glance. ## Searching For A Fresh Perspective? Don't miss your shot at the next 10-bagger. Our latest stock picks just dropped: - Outshine the giants: these 13 early-stage AI stocks could fund your retirement. - AI is about to change healthcare. These 6 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. - Capitalize on the AI infrastructure supercycle with our selection of the 46 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [PBA.US](https://longbridge.com/en/quote/PBA.US.md) - [TPYP.US](https://longbridge.com/en/quote/TPYP.US.md) ## Related News & Research - [PPL Electric Utilities confirms continued support for rate case settlement following PUC approval | PPL Stock News](https://longbridge.com/en/news/288901803.md) - [Assessing PPL (PPL) Valuation As Recent Trading Weakness Meets Conflicting Fair Value Estimates](https://longbridge.com/en/news/289167118.md) - [SPAC Long Table Growth prices $150 million IPO, targeting fintech, proptech, and energy transition](https://longbridge.com/en/news/288721064.md) - [Assessing Suncor Energy (TSX:SU) Valuation After Recent Share Price Pullback](https://longbridge.com/en/news/288961657.md) - [NORDIC POWER-Front-quarter prices headed for weekly loss on wet weather forecasts](https://longbridge.com/en/news/288855074.md)