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Regulatory Story
Company Rolls-Royce Holdings plc
TIDM RR.
Headline Rolls-Royce to acquire Siemens' eAircraft business
Released 10:30 18-Jun-2019
Number 5996C10

RNS Number : 5996C
Rolls-Royce Holdings plc
18 June 2019
 

                                                                                                                                                                

18 June 2019

 

ROLLS-ROYCE ACCELERATES ELECTRIFICATION STRATEGY

WITH ACQUISITION OF SIEMENS' ELECTRIC AND HYBRID-ELECTRIC

AEROSPACE PROPULSION BUSINESS

 

Rolls-Royce has entered into an agreement to acquire the electric and hybrid-electric aerospace propulsion activities of Siemens (the eAircraft business) in a move that will accelerate the delivery of our electrification strategy and boost our ambition to play a major role in the 'third era' of aviation. The acquisition is expected to complete late 2019, following a period of employee consultation.

 

The eAircraft business, based in Germany and Hungary, employs around 180 specialist electrical designers and engineers who have been developing a range of all-electric and hybrid electric propulsion solutions for the aerospace industry. The eAircraft team are already known to Rolls-Royce as we have worked together on the E-Fan X demonstrator project which, when flying, will demonstrate hybrid electric propulsion at the scale required to power regional aircraft.

 

Rob Watson, Director - Rolls-Royce Electrical, said: "Electrification is set to have as dramatic an impact on aviation as the replacement of piston engines by gas turbines. We are at the dawn of the third era of aviation, which will bring a new class of quieter and cleaner air transport to the skies."

 

"We have already made significant strides in realising our strategy of 'championing electrification' and this move will accelerate our ambitions in aerospace by adding vital skills and technology to our portfolio. It brings us increased scale and additional expertise as we develop a product range of hybrid power and propulsion systems. I look forward to welcoming our new colleagues into Rolls-Royce and working with them to pioneer new technologies and solutions."

 

Paul Stein, Rolls-Royce Chief Technology Officer, added: "To support the rising demand for air travel while achieving CO2 emissions targets, the aviation industry is developing increasingly environmentally friendly technologies and practices. The electrification of flight is just one part of Rolls-Royce's commitment to making aviation more sustainable: we are continuing to increase the fuel efficiency of our gas turbines; encouraging the development of environmentally friendly and sustainable aviation fuels; and pursuing the electrification of aviation."

 

"We believe that pure electric, or all-electric, propulsion will power smaller aircraft in the foreseeable future, while larger aircraft will rely upon hybrid electric solutions that combine electrification with evolutions of the gas turbine. Additionally, as our group technological portfolio becomes increasingly electrical with the development of hybrid electric trains and microgrids, the capabilities of this world-class team will be a vital part of the future Rolls-Royce."

 

As part of this agreement, Rolls-Royce will look for opportunities to work with Siemens as both companies recognise the importance of helping to support national and international goals of CO2 emission reductions for the benefit of society.

 

We have already made progress towards the electrification of flight, with successful ground tests of a hybrid propulsion system that can be used across a range of smaller transport platforms including EVTOLs (hybrid electric vertical take-off and landing vehicles), general aviation aircraft, and hybrid helicopters. These tests are part of one of the world's most comprehensive hybrid aerospace turbine engine development and integration programmes, paving the way for experimental test flights in 2021.

 

The ground tests involved a Rolls-Royce M250 gas turbine - a highly successful engine that has powered more than 170 varieties of fixed-wing military, civilian aircraft and helicopters since its introduction - operating in series hybrid configuration, where the engine operates as a turbo-generator that charges an on-board battery system; parallel hybrid where the aircraft's thrust is supplied by a combination of the engine and the electrical system; and turbo-electric mode where the engine operates as a pure turbo-generator supplying electric power for thrust and any other power needs on the aircraft.

 

Last year we unveiled an EVTOL concept, which could be powered by such a hybrid system. We are also developing an all-electric demonstrator aircraft, as part of the ACCEL initiative that will attempt to break the world speed record for all-electric flight.

 

About Rolls-Royce Holdings plc

 

1.   Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.

 

2.   Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.

 

3.   Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.

 

4.   In 2018, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

 

5.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

 

For further information, please contact:

 

Jennifer Ramsey

Head of Investor Relations

Tel +44 (0) 7825 903206

jennifer.ramsey@rolls-royce.com

 

Sarah Jones

Head of Campaigns - External Communications

Rolls-Royce plc

Tel: +44 (0) 7968 906469

sarah.jones2@rolls-royce.com 

 

Richard Wray           

Director of External Communications & Brand

Rolls-Royce plc

M +44 (0) 7810 850055

         richard.wray@rolls-royce.com

 

 

 


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