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...In addition to power systems, Rolls-Royce’s other two main divisions are civil aerospace and defence....
...Australia will invest £2.4bn in expanding Rolls-Royce’s nuclear reactor facilities in Derby to supply submarines to be built by a BAE Systems joint venture, as Britain’s largest defence companies secured...
...East has taken several new roles since leaving Rolls-Royce at the end of 2022, including at a carbon capture developer and a fusion energy start-up....
...East was chief executive of Rolls-Royce between 2015 and 2022....
...The results also surpassed the most recent guidance Rolls-Royce published last July....
...“Our drive is to create value for all the stakeholders of Rolls-Royce.”...
...East said he wanted a “significant portion” of his work post Rolls-Royce to be “around energy transition and dealing with the effects of climate change”....
...Tony Roulstone Former Managing Director of Rolls-Royce Nuclear; Lecturer on Nuclear Energy, University of Cambridge, UK...
...Rolls-Royce will also divest assets with the aim of raising between £1bn and £1.5bn over the next five years....
...Alan Newby, director of research and technology at Rolls-Royce, said that finding a supply of hydrogen would be one of the industry’s biggest challenges....
...Rolls-Royce still has about £1.4bn of unprofitable contracts it seeks to renegotiate. Also, Erginbilgic could trim some lower margin units, such as the power systems’ agricultural business....
...He has also been highly critical of the way in which Rolls-Royce’s power systems business, which makes diesel and gas engines for ships and trains, has been run....
...a BAE Systems joint venture....
...This will create problems for Rolls-Royce longer term. But at the moment, the UK jet engine group is at cruising altitude....
...Great British Nuclear is running a competition that could see it invest up to £20bn alongside the developers of two winning designs from a shortlist that includes bids from the UK’s Rolls-Royce, EDF, Westinghouse...
...The Rolls-Royce boss will, however, end the company’s electric and hydrogen propulsion efforts....
...These range from the UK’s Rolls-Royce to US-based Westinghouse, owned by Canadian investment giant Brookfield alongside uranium supplier Cameco....
...The £763mn investment, which includes more than £400mn from industry including BAE, Rolls-Royce, Babcock International and EDF, will create about 5,000 new apprenticeships over the next four years....
...Ben Guest, managing director of the new energy division at Gresham House, said National Grid is underusing battery storage that is already incorporated in the system, although it is seen as a crucial part...
...Rolls-Royce is in a “good position” to develop technology for a new generation of small nuclear power plants in the UK, according to Britain’s energy secretary, who will on Tuesday launch an international...
...The best-performing share in the FTSE 100 this year is one of our holdings, Rolls-Royce: the share price is up more than 127 per cent....
...Big share price moves in Europe on Monday include German renewable energy Encavis, Belgian chemicals company Solvay, and British aerospace group Rolls-Royce....
...Rolls-Royce’s first-half profits surged fivefold after the rebound in international travel and better pricing for servicing engines helped buoy its performance....
...On clean energy, an expanded definition of security could mean linking emission trading schemes....
...But it's only recently that a handful of household names like Rolls-Royce, Westinghouse, GE, Hitachi, and others have started pitching or developing SMR projects to generate electricity for commercial use...
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