AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Leading aerospace companies Rolls-Royce, Embraer, and Widerøe have joined hands to create a conceptual zero-emission regional aircraft.
- Rolls-Royce has announced its plans to launch a fully electric small aircraft in the market in the next three to five years.
UK-based global aerospace and defence company Rolls-Royce Holdings plc (LON: RR.) has grabbed the attention of investors after signing a research partnership with Brazil planemaker Embraer and Norwegian firm Widerøe. The three leading aerospace companies have expressed their intention to collaborate and research pioneering technologies for a conceptual zero-emission regional aircraft.
Net zero goals
Rolls-Royce, along with Embraer and Widerøe, strives to make a conceptual zero-emission regional aircraft. As per media reports, the three companies announced that they would conduct a study on the pre-competitive R&D of this sustainable aircraft for about a year. The aim of the cooperation study is to serve the needs of the passengers in a post-pandemic world, while taking sustainability into account. The innovative technologies would potentially support the respective governments to make a smooth transition towards sustainable passenger mobility while enhancing the eco-friendly usage of the prevailing infrastructure.
The partnership would potentially be a milestone for a new era of regional aviation as all the companies would share their expertise regarding the designing of aircrafts, their operations and propulsion solutions, which would in turn enhance their overall understanding of the functioning of zero-emission aircrafts. Potential solutions based on new propulsion technologies would be provided through the study while covering a variety of their applications, such as all-electric aircrafts and aircrafts powered by hydrogen fuel cells or hydrogen-fuelled gas turbines.
RELATED READ: Aviva (LON: AV.) share: Should ESG-conscious investors go for it?
© 2022 Kalkine Media®
On 15 February, Rolls-Royce announced its plans to launch a fully electric small aircraft in the market in the next three to five years. With 8 to 18 seats, the P-Volt 600 kWh-battery electric system would be able to cover a distance of up to 80 nautical miles. This would further help Rolls-Royce to meet its net zero commitments.
Share price performance
Popular for manufacturing the engines for Airbus and Boeing aircrafts, Rolls-Royce Holdings plc is listed on the main market of the London Stock Exchange since May 1987.
The market cap of the FTSE 100 constituent stood at £10,185.04 million as of 16 February, and it has given a return of 21.79% to its shareholders over the last one year. Rolls-Royce Holdings Plc’s shares closed at GBX 121.72 on 16 February 2022.
RELATED READ: Ceres, Atome, EQTEC: Should you hold these renewable energy stocks?
Bottomline
Rolls-Royce is fully dedicated towards reducing emissions and it aims to achieve its net zero targets by 2030, thus being ahead of the UK Government’s net zero by 2050 goal. The company aims to provide sustainable products and solutions which are compatible with the net zero targets, and with the investors becoming more environmentally conscious, Rolls-Royce may be added to their portfolio to gain good returns in the long run.