We would love to hear your thoughts about our site and services, please take our survey 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: 421.10
Bid: 420.00
Ask: 420.10
Change: 15.40 (3.80%)
Spread: 0.10 (0.024%)
Open: 411.70
High: 421.10
Low: 409.20
Prev. Close: 405.70
RR. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rolls-Royce inks funding to develop reactor for Moon exploration

Fri, 17th Mar 2023 07:37

(Alliance News) - Rolls-Royce Holdings PLC has received funding from the UK Space Agency to develop a nuclear reactor for a Moon base.

The project will look into how nuclear power could be used to support a future base on the Moon for astronauts.

Scientists and engineers at the company are working on the Micro-Reactor programme to develop technology that will provide power needed for humans to live and work on Earth's natural satellite.

All space missions depend on a power source, to support systems for communications, life-support and science experiments.

Experts suggest nuclear power could potentially dramatically increase the length of lunar missions.

The UK Space Agency has announced GBP2.9 million of new funding for the project, which will deliver an initial demonstration of a UK lunar modular nuclear reactor.

This comes after a GBP249,000 study funded by the UK Space Agency in 2022.

Science minister George Freeman said: "Space exploration is the ultimate laboratory for so many of the transformational technologies we need on Earth: from materials to robotics, nutrition, cleantech and much more.

"As we prepare to see humans return to the Moon for the first time in more than 50 years, we are backing exciting research like this lunar modular reactor with Rolls-Royce to pioneer new power sources for a lunar base.

"Partnerships like this, between British industry, the UK Space Agency and government are helping to create jobs across our GBP16 billion Space Tech sector and help ensure the UK continues to be a major force in frontier science."

Rolls-Royce plans to have a reactor ready to send to the Moon by 2029.

It will work with a variety of collaborators including the University of Oxford, University of Bangor, University of Brighton, University of Sheffield's Advanced Manufacturing Research Centre and Nuclear AMRC.

Compared to other power systems, a relatively small and lightweight nuclear micro-reactor could enable continuous power regardless of location, available sunlight, and other environmental conditions.

Abi Clayton, director of future programmes for Rolls-Royce said: "This funding will bring us further down the road in making the Micro-Reactor a reality, with the technology bringing immense benefits for both space and Earth.

"The technology will deliver the capability to support commercial and defence use cases alongside providing a solution to decarbonise industry and provide clean, safe and reliable energy."

Paul Bate, chief executive of the UK Space Agency, said: "This innovative research by Rolls-Royce could lay the groundwork for powering continuous human presence on the Moon, while enhancing the wider UK space sector, creating jobs and generating further investment."

source: PA

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
23 Apr 2024 08:26

Britain's FTSE 100 blue-chip stock index hits record high

LONDON, April 23 (Reuters) - Britain's blue-chip FTSE 100 index hit a record high on Tuesday, following last week's sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to top U.S. earnings later in the week.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

Read more
10 Apr 2024 09:06

Ex-Rolls-Royce CEO to chair under-fire UK air traffic controller NATS

(Alliance News) - UK air traffic controller National Air Traffic Services on Wednesday said it has hired former Rolls-Royce Holdings PLC CEO Warren East as non-executive chair, after having come under pressure from regulators and airlines over a costly outage back in August.

Read more
9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

*

Read more
25 Mar 2024 05:51

UK government to unveil GBP200 million nuclear investment

(Alliance News) - Prime Minister Rishi Sunak will on Monday announce GBP200 million of public investment to boost the UK's nuclear deterrent programme and its civil nuclear industry, which the government says will support 40,000 expected new jobs.

Read more
22 Mar 2024 08:59

LONDON BROKER RATINGS: RBC cuts St James's Place; HSBC cuts Ascential

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
21 Mar 2024 09:27

LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
19 Mar 2024 09:21

LONDON BROKER RATINGS: Investec cuts ConvaTec; RBC raises Vistry

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

Read more
17 Mar 2024 22:57

Sunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce

(Sharecast News) - Nationwide's bid to create the UK's second-largest savings and loans group by taking over Virgin Money may be derailed if its members get a say on whether the deal goes through or not. It would take just 500 Nationwide members depositing £50 each one to convene a special meeting and ask for a vote on the deal. Furthermore, preparations for a vote would keep Nationwide from meeting the 4 April deadline for making a binding offer under Takeover Panel rules. However, the society says that its existing legal advice is that no vote is required. - Financial Mail on Sunday

Read more
28 Feb 2024 09:37

LONDON BROKER RATINGS: Berenberg, JPMorgan raise price target for IHG

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

Read more
23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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

Read more
22 Feb 2024 16:53

LONDON MARKET CLOSE: European stocks boosted by ECB and Fed minutes

(Alliance News) - Stock prices in Europe closed higher on Thursday, on the back of minutes from the latest European Central Bank and US Federal Reserve meetings.

Read more
22 Feb 2024 16:26

London close: Stocks rise amid raft of solid earnings

(Sharecast News) - London's stock markets finished in positive territory on Thursday, bolstered by upbeat performances from US AI chipmaker Nvidia and engine manufacturer Rolls-Royce.

Read more
22 Feb 2024 11:44

LONDON MARKET MIDDAY: Stocks boosted as UK recession "already" over

(Alliance News) - Stock prices in London were higher at midday Thursday, with the latest UK purchasing managers' index data indicating that the UK recession is "already" over.

Read more
22 Feb 2024 08:50

LONDON MARKET OPEN: Rolls-Royce impresses but Hargreaves Lansdown down

(Alliance News) - London's FTSE 100 opened slightly higher on Thursday, with overriding optimism post-Nvidia's earnings lifting markets for now.

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.