If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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: 434.70
Bid: 434.70
Ask: 435.00
Change: 0.80 (0.18%)
Spread: 0.30 (0.069%)
Open: 434.20
High: 439.40
Low: 432.80
Prev. Close: 433.90
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
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
31 Jul 2023 16:15

Directors dealings: Rolls Royce boss retains vested shares

(Sharecast News) - Rolls Royce's boss kept all of the shares that vested in lieu of a percentage of his base salary.

Read more
31 Jul 2023 13:22

Bumper earnings will broaden a narrow tech-led stocks rally, analysts say

July 31 (Reuters) - A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say.

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.