Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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: 428.00
Bid: 429.40
Ask: 429.60
Change: -5.00 (-1.15%)
Spread: 0.20 (0.047%)
Open: 431.70
High: 439.20
Low: 424.50
Prev. Close: 433.00
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
6 Aug 2023 15:30

Sunday newspaper round-up: Battery Technologies, Rolls Royce, Energy bills

(Sharecast News) - Britain needs to invest in key battery technologies in order to avoid becoming dependent on countries like China in the energy transition, the head of the Faraday Institution said. The country required "sovereign capabilities" and its own supply chains, she said. Her remarks followed Tata's announcement that it would construct a £4bn battery gigafactory in Sommerset after securing £500m of subsidies from the government. - Sunday Telegraph

Read more
4 Aug 2023 17:06

UK's FTSE 100 boosted by energy stocks but logs weekly decline

WPP slides after FY guidance cut

*

Read more
4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

Read more
4 Aug 2023 15:01

Spain's Indra buys into ITP Aero, seeks greater role in defence systems

Aug 4 (Reuters) - Spanish defence systems maker Indra said on Friday it had agreed to buy a 9.5% stake in local aircraft engine manufacturer ITP Aero for 175 million euros ($191.6 million) from ITP owners, U.S. fund Bain Capital.

Read more
4 Aug 2023 12:04

LONDON MARKET MIDDAY: WPP shares slide; eyes on US nonfarms

(Alliance News) - Stock prices in London were mixed at midday Friday, though equity markets showed sighs of stability after a rocky week, ahead of a key US jobs report in the afternoon.

Read more
3 Aug 2023 17:06

UK's FTSE 100 slips after dour earnings; BoE hikes rate as expected

BoE hikes by an expected 25-bps

*

Read more
3 Aug 2023 16:54

LONDON MARKET CLOSE: FTSE 100 declines but pound perks up after BoE

(Alliance News) - Equities in Europe closed lower on Thursday, with markets still unsteady after a US credit rating cut on Wednesday, though London-listed property firms got a slight boost, on the view that the end of the Bank of England's hiking cycle is in sight.

Read more
3 Aug 2023 12:17

LONDON MARKET MIDDAY: Pound under pressure after BoE hike

(Alliance News) - European equities went into Thursday afternoon on the back foot, extending losses suffered on Wednesday following a US credit rating cut from Fitch, while the pound struggled to make headway after the Bank of England raised rates by 25 basis points, as expected.

Read more
3 Aug 2023 10:12

Rolls-Royce's turnaround delivers fivefold increase in profit

H1 operating profit rises to better-than-expected 673 mln stg

*

Read more
3 Aug 2023 08:37

TOP NEWS: Rolls-Royce raises full-year guidance amid swing to profit

(Alliance News) - Rolls-Royce Holdings PLC on Thursday said it would raise its annual guidance after it posted higher interim revenue and said it swung to a profit.

Read more
3 Aug 2023 07:49

LONDON BRIEFING: Rolls-Royce swings to profit; LSEG plans buyback

(Alliance News) - Stocks in London are called to open lower on Thursday, ahead of a busy day on the economic calendar, with a key interest rate decision from the Bank of England.

Read more
3 Aug 2023 07:02

Rolls Royce delivers sharp rise in 1H revenues and profits

(Sharecast News) - Rolls Royce was firing on all cylinders during the front half of 2023.

Read more
2 Aug 2023 10:26

Thursday preview: Bank of England, Rolls Royce in the spotlight

(Sharecast News) - Investors' focus on Thursday would be on the Bank of England.

Read more
2 Aug 2023 08:24

IN BRIEF: Former Embraer CEO appointed as Rolls-Royce director

Rolls-Royce Holdings PLC - London-based jet engine and power plant manufacturer - Appoints Paulo Cesar de Souza e Silva as a non-executive director from September 1. Cesar de Souza e Silva was president and chief executive of Sao Jose dos Campos, Brazil-based jets manufacturer Embraer. Embraer is the world's third largest jets manufacturer.

Read more
1 Aug 2023 15:23

EXECUTIVE CHANGES: NWF chief and Michelmersh co-founder to retire

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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.