MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Rolls-Royce hails ‘game changer’ test of new efficient jet engine

ALN

Rolls-Royce Holdings PLC on Thursday reported ‘successful’ testing of a new fuel efficient aerospace engine, culminating ‘many years work’ alongside the UK and European Union.

The jet engine maker said promising testing of its UltraFan technology is a ‘game changer’.

‘This is a historic moment for Rolls-Royce  it’s the first time in 54 years the aero-engine manufacturer has tested a brand-new engine architecture and is proof of what can be achieved when industry and governments work together,’ Rolls-Royce said.

‘Testing the demonstrator is the culmination of many years work, which has been supported by the UK government through the Aerospace Technology Institute, Innovate UK; the EU’s Clean Sky programmes plus LuFo and the state of Brandenburg in Germany.’

Rolls-Royce said UltraFan delivers a 10% efficiency improvement compared to its current Trent XWB, which is already the ‘most efficient large aero engine in service’.

‘In the nearer term, there are options to transfer technologies from the UltraFan development programme to current Trent engines, providing our customers with even greater availability, reliability and efficiency,’ Rolls-Royce added.

Chief Executive Tufan Erginbilgic said the technology will also be key in the journey to net-zero.

‘The UltraFan demonstrator is a game changer  the technologies we are testing as part of this programme have the capability to improve the engines of today as well as the engines of tomorrow. That is why this announcement is so important  we are witnessing history in the making; a step-change in engine efficiency improvement. When combined with sustainable aviation fuels, more efficient gas turbine engines will be key to hitting the industry’s target of net-zero flight by 2050. Today we are closer to achieving this ambition,’ Erginbilgic said.

Rolls-Royce shares were up 1.7% at 155.45 pence early Thursday in London.

Copyright 2023 Alliance News Ltd. All Rights Reserved.