The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 440.40
Bid: 439.40
Ask: 439.50
Change: 0.00 (0.00%)
Spread: 0.10 (0.023%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 440.40
RR. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Airbus develops fuel-cell engine for hydrogen plane

Wed, 30th Nov 2022 15:13

TOULOUSE, France, Nov 30 (Reuters) - Airbus has started developing fuel-cell engine technology, it said on Wednesday as it reaffirmed plans to introduce a hydrogen-powered commercial aircraft by 2035.

The system is one of several options being considered for a potential zero-emission aircraft based on hydrogen, an effective and clean carrier of energy, Airbus said.

It is the first time the world's largest planemaker has branched out into developing engine-related technology, but zero-emission project head Glenn Llewellyn said it would not necessarily go it alone if the system ended up being deployed.

Hydrogen flight is one of several potential developments being explored as aviation faces a daunting task of reaching net-zero emission targets by 2050, though there are big transatlantic differences over the path to curbing emissions.

Jet engine makers Rolls-Royce, General Electric , Safran and Pratt & Whitney are among its biggest suppliers.

Although Airbus once briefly considered buying Britain's Rolls-Royce over a decade ago, planemakers have historically shied away from competing with engine makers whose powerplants fly on multiple platforms to recoup huge development costs.

But the increasingly integrated nature of possible future plane designs, which may involve different configurations than in the past, has increased the opportunity for overlap.

Experts said Airbus was likely to partner with an engine maker if the project comes to fruition, with Airbus focusing on the fuel cell and the engine industry focusing on their core activity of managing power for flight.

Airbus has already partnered with GE/Safran joint-venture CFM International to test an engine fuelled directly by hydrogen.

Hydrogen can be combusted in an engine directly like other fuels, but without creating carbon emissions, or used to create electricity via a fuel cell to drive an electric engine.

The need for large and heavy tanks for the hydrogen fuel and new global infrastructure are among the hurdles.

Airbus said it was looking at both concepts as well as joining forces with carmaker Renault to study hybrid-electric technology that is also of interest for aviation.

Rival Boeing has voiced scepticism about the commercial feasibility of hydrogen in aviation. But Airbus said it was pushing ahead with its goal, which has drawn political support in Europe, including some green funding.

"All of us are dead-set on making zero-emission aircraft a reality," Llewellyn told the Airbus Summit, a two-day event designed to showcase the company's sustainability activities.

Environmental groups say the aviation industry is not doing enough and ignoring a need to fly less to fight climate change.

Airbus made a series of announcements including a preliminary agreement with Finnish biofuel producer Neste to promote use of Sustainable Aviation Fuel, which most experts say represents the most promising path to curbing emissions in the near term. They gave no financial details.

Airbus is aiming for a 100-seater "zero-E" plane, sitting below its current portfolio starting at 110 seats, and has said it is looking at various shapes and designs for propulsion.

But it ruled out pressing ahead with a distinctive blended-wing-body shape which has featured in earlier presentations alongside a conventional "tube and wing" shape or a turboprop.

Airbus will start ground and flight testing fuel-cell architecture towards the middle of the decade. (Reporting by Tim Hepher; Editing by Kirsten Donovan and Jane Merriman)

More News
1 Nov 2023 10:45

IN BRIEF: John Wood Group hires Rolls-Royce executive as new CFO

John Wood Group PLC - Aberdeen, Scotland-based engineering and consulting - Hires Arvind Balan as its new chief financial officer, starting April 15 next year. Balan has been CFO of the Civil Aerospace division of jet engine maker Rolls-Royce Holdings PLC for the past two years. Before that, he worked for oil major Shell PLC for 14 years in the UK, Singapore and China. At John Wood, Balan replaces David Kemp, whose retirement was announced back in August, having worked at John Wood for a decade. "Wood has always stood out for me as a company with unique potential," incoming CFO Balan says.

Read more
31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

Read more
31 Oct 2023 15:41

London close: Stocks finish mixed, Rolls-Royce jumps on upgrade

(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.

Read more
31 Oct 2023 11:52

LONDON MARKET MIDDAY: Stocks up despite Eurozone recession fear

(Alliance News) - Stock prices in Europe were higher at midday Tuesday, despite new data adding to fears that the Eurozone may sink into recession.

Read more
31 Oct 2023 09:43

LONDON BROKER RATINGS: HSBC raises Smith & Nephew to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
31 Oct 2023 07:56

Barclays upgrades Rolls-Royce to 'overweight'

(Sharecast News) - Barclays has raised its stance on engineering giant Rolls-Royce from 'equal weight' to 'overweight' after recent weakness in the share price.

Read more
31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

Read more
22 Oct 2023 10:14

PRESS: Rolls-Royce investors eye corruption scandal compensation

(Alliance News) - Rolls-Royce Holdings PLC may face a class action lawsuit worth GBP350 million from shareholders related to a corruption scandal from back in 2017, the Telegraph reported on Sunday.

Read more
17 Oct 2023 12:06

LONDON MARKET MIDDAY: European markets uneasy but FTSE 100 outperforms

(Alliance News) - London's FTSE 100 higher was higher around midday, though it was defensive stocks such as utilities and pharmaceuticals which led the charge, suggesting there is still lingering discomfort in markets amid tensions in the Middle East.

Read more
17 Oct 2023 09:18

TOP NEWS: Rolls-Royce confirms to axe up to 2,500 jobs to cut costs

(Alliance News) - Rolls-Royce Holdings PLC on Tuesday confirmed media reports that it plans to reduce its number of jobs for restructuring.

Read more
17 Oct 2023 08:49

LONDON MARKET OPEN: Stocks rise as UK wage inflation eases

(Alliance News) - Stock prices in London opened higher on Tuesday, buoyed by an improvement in wider market sentiment amid potential diplomatic developments in the Middle East, as well as encouraging signs wage inflation pressures are easing in the UK.

Read more
17 Oct 2023 07:47

LONDON BRIEFING: Rolls-Royce confirms plan to axe at least 2,000 jobs

(Alliance News) - Stocks in London are called lower on Tuesday, as uncertainty over developments in the Middle East weighs on sentiment.

Read more
17 Oct 2023 07:39

Rolls-Royce to cut up to 2,500 jobs as part of streamlining plans

(Sharecast News) - Engine maker Rolls-Royce said on Tuesday that it will cut up to 2,500 jobs worldwide as part of a plan to streamline the organisation.

Read more
16 Oct 2023 21:42

PRESS: Rolls-Royce set to axe 2,500 jobs in cost-cutting drive - Sky

(Alliance News) - Rolls-Royce Holdings PLC it set to axe 2,500 jobs as part of a cost-cutting plan, driven by its new chief executive, according to Sky News reports on Monday.

Read more
2 Oct 2023 08:46

LONDON MARKET OPEN: Stocks rise; United Utilities and Pennon impress

(Alliance News) - London's FTSE 100 made a solid start to the final stretch of the year, though the mood was still uneasy despite a deal being struck in the US to avert a government shutdown.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.