Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Rolls-Royce Holdings plc
  6. News
  7. Summary
    RR.   GB00B63H8491

ROLLS-ROYCE HOLDINGS PLC

(RR.)
  Report
Real-time Estimate Cboe Europe  -  05:38:02 2023-02-07 am EST
108.12 GBX   +0.04%
12:20aUK to Launch GBP113 Million Program to Help Develop Green Flight Technologies
MT
02/06UK's Rolls-Royce Appoints Former BP Exec As Chief Transformation Officer
MT
02/02Rolls Royce : welcomes Air France-KLM's order of...
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Rolls-Royce and easyJet complete world first hydrogen aero engine run

11/28/2022 | 03:32am EST

(Alliance News) - Rolls-Royce Holdings PLC and easyJet PLC said on Monday they set a new aviation milestone with the world's first ground test of an aero engine running on hydrogen.

The London-based and London Luton Airport-based vehicle manufacturers respectively said the ground test was conducted using an early concept demonstrator that burned green hydrogen generated by wind and tidal power.

It took place at an outdoor test facility at the Ministry of Defence Boscombe Down in Wiltshire, England, using a converted Rolls-Royce AE 2100-A regional aircraft engine. The hydrogen power was sourced from a hydrogen production and tidal test facility on Eday in the Orkney Islands.

Rolls-Royce and easyJet claimed the test marked a major step towards proving hydrogen could be a zero carbon aviation fuel in the future and reflected each companies' own decarbonisation strategies.

A second set of tests has been planned in line with a long-term ambition to carry out flight tests.

"The UK is leading the global shift to guilt-free flying, and today's test by Rolls-Royce and easyJet is an exciting demonstration of how business innovation can transform the way we live our lives," said Business, Energy & Industrial Strategy Secretary Grant Shapps.

The two companies said the partnership, which was announced in July, was inspired by the UN-backed Race to Zero campaign, committing to achieve net-zero carbon emissions by 2050.

Shares in Rolls-Royce were up 0.4% to 91.19 pence, while easyJet shares were up 0.7% to 407.75 pence in London on Monday morning.

By Greg Rosenvinge; gregrosenvinge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC -0.51% 492.5 Delayed Quote.52.50%
ROLLS-ROYCE HOLDINGS PLC -0.09% 108.12 Delayed Quote.15.97%
All news about ROLLS-ROYCE HOLDINGS PLC
12:20aUK to Launch GBP113 Million Program to Help Develop Green Flight Technologies
MT
02/06UK's Rolls-Royce Appoints Former BP Exec As Chief Transformation Officer
MT
02/02Rolls Royce : welcomes Air France-KLM's order of...
PU
02/02Rolls Royce : welcomes Air France-KLM's order of...
PU
02/02BOE's Forecasts May Give a Better Guide on Future Policy
DJ
02/02Sex, lies and video cams: Andrew Tate turned women into slaves,..
RE
02/01Rolls Royce : Submarines launches Nuclear Skills...
PU
01/31FTSE 100 Closes Down 0.17% Dragged by Miners, Oil Stocks
DJ
01/31ROLLS-ROYCE : UBS sticks Neutral
MD
01/27FTSE 100 Closes Slightly Up Lifted by Oil Stocks
DJ
More news
Analyst Recommendations on ROLLS-ROYCE HOLDINGS PLC
More recommendations
Financials
Sales 2022 11 689 M 14 050 M 14 050 M
Net income 2022 128 M 154 M 154 M
Net Debt 2022 3 558 M 4 277 M 4 277 M
P/E ratio 2022 91,7x
Yield 2022 -
Capitalization 9 058 M 10 887 M 10 887 M
EV / Sales 2022 1,08x
EV / Sales 2023 0,95x
Nbr of Employees 44 000
Free-Float 99,9%
Chart ROLLS-ROYCE HOLDINGS PLC
Duration : Period :
Rolls-Royce Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROLLS-ROYCE HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 108,08 GBX
Average target price 105,25 GBX
Spread / Average Target -2,62%
EPS Revisions
Managers and Directors
Tufan Erginbilgic Chief Executive Officer & Executive Director
Panos Kakoullis Chief Financial Officer & Executive Director
Anita Margaret Frew Chairman
Grazia Vittadini Chief Technology & Strategy Officer
Kevin Smith Independent Non-Executive Director
Sector and Competitors