Welcome to our dedicated page for Rolls Royce Holdings Plc news (Ticker: RYCEY), a resource for investors and traders seeking the latest updates and insights on Rolls Royce Holdings Plc stock.
News and partner communications referencing Rolls-Royce Holdings plc (RYCEY) highlight activity across power and propulsion, energy transition, technology partnerships and portfolio management. Company and third-party releases describe Rolls-Royce as a developer of complex power and propulsion solutions for safety-critical applications in aerospace, marine, defence and power generation, with customers in more than 150 countries.
Readers of this news feed can expect coverage of topics such as hydrogen-capable mtu gas engines and generator sets for power generation and cogeneration, including initiatives to enable operation with hydrogen blends and work on fuel cell demonstrators powered by green hydrogen. Releases also describe combined heat and power projects using mtu Series 500 generator sets in industrial settings.
The news flow also includes items on climate and net-zero commitments, such as pledges to achieve net zero greenhouse gas emissions in operations by 2030 and to support sectors in reaching net zero carbon by 2050. In addition, there are announcements about research collaborations in quantum computing, where Rolls-Royce works with quantum software and hardware companies to explore quantum algorithms for aerospace applications and computational fluid dynamics.
Other articles discuss financial and risk management steps, including pension risk transfer transactions involving retirement plans associated with Rolls-Royce entities, and portfolio decisions such as the sale of its safety and compliance management systems business to Comply365. Investors and observers can use this page to follow how Rolls-Royce communicates its activities in power and propulsion, energy transition, research partnerships and balance sheet management over time.
Comply365, a provider of operational content, safety and training management solutions, has announced the acquisition of Rolls-Royce's SMS business (reverting to its former name AQD). This acquisition, along with the pending acquisition of ASQS, demonstrates Comply365's strategic investment in safety management solutions for aviation, rail, defense and space industries.
The integration of AQD will enhance Comply365's product capabilities by combining three SMS offerings: AQD, SafetyNet, and ASQS's iQSMS. The move aims to create a comprehensive, integrated platform connecting operational content, safety, and training management functions.
Comply365, backed by Insight Partners and Liberty Hall Capital Partners, will leverage AQD's industry expertise and customer base to strengthen its position in the global safety management sector. The transaction represents part of Rolls-Royce's ongoing transformation strategy to streamline its business operations.
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Xanadu and Rolls-Royce announced a collaboration to enhance aerospace research through the co-development of quantum algorithm tooling in PennyLane, Xanadu's open-source quantum computing software. This partnership aims to accelerate research into Quantum Singular Value Transformation (QSVT), which is pivotal for quantum algorithm development in aerospace applications. Rolls-Royce is committed to advancing quantum computing to tackle complex challenges, aiming for net-zero carbon emissions by 2050. The collaboration seeks to leverage quantum computing capabilities to improve aerospace technologies, including materials chemistry and product design.
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Classiq, a leader in quantum software, partners with Rolls-Royce to enhance computational fluid dynamics (CFD) algorithms through advanced quantum techniques. The collaboration aims to optimize aerodynamics and thermodynamics by leveraging both quantum and classical computing strengths. Key developments will include the implementation of the quantum HHL algorithm to address complex numerical simulations. This partnership is crucial for Rolls-Royce's commitment to achieving net zero carbon goals and improving simulation efficiency, preparing for future quantum computing advancements.
Rolls-Royce is advancing its mtu gas engine line for power generation to utilize hydrogen, targeting climate-neutral energy. Currently, mtu Series 500 and Series 4000 engines can run with a 10% hydrogen blend, expanding to 25% in 2022, and aiming for 100% by 2023. The company promotes hydrogen as a key component in transitioning to sustainable energy. Rolls-Royce's climate initiative, Net Zero at Power Systems, aims for a 35% reduction in greenhouse gases by 2030. The company is also focused on integrating sustainable fuels and building expertise in the hydrogen ecosystem.
Raloy Lubricantes has chosen Rolls-Royce's mtu Series 500 generator set for combined heat and power at its facilities in Santiago Tianguistenco, Mexico. This new generator, which offers 3.1% more efficiency and 30% more power than its predecessor, will provide electricity and thermal energy for manufacturing processes. Scheduled for commissioning in April 2022, the mtu Series 500 can operate on natural gas, biogas, and is H2-ready. Raloy's CEO emphasized the importance of sustainability and efficiency in their operations, citing a strong partnership with Rolls-Royce.
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