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Rolls - Royce Holdings Plc is touting nuclear reactors as the most effective way of powering the production of carbon-neutral synthetic aviation fuel without draining global electricity grids. Drawing on technology developed for nuclear -powered submarines, the small modular reactors or SMRs could
Rolls - Royce Pitches Nuclear Reactors as Key to Clean Jet Fue Greta Thunberg’s ‘Flight Shame’ Is Fueling a Carbon Offset Boom.
(Bloomberg) -- Rolls-Royce Holdings Plc is touting nuclear reactors as the most effective way of powering the production of carbon-neutral synthetic aviation fuel without draining global electricity grids.
Drawing on technology developed for nuclear-powered submarines, the small modular reactors or SMRs could be located at individual plants to generate the large amounts of electricity needed to secure the hydrogen used in the process, according to Chief Executive Officer Warren East.
Rolls-Royce to use retired Boeing 747 as testbed for revolutionary jet engine
At AeroTEC flight center outside Seattle, Rolls-Royce will use a 20-year-old Boeing 747 to test its UltraFan jet engine. The company believes the engine could revolutionize aviation.When airplanes retire, they get transformed into everything from hotels to underwater art installations.
Rolls - Royce Pitches Nuclear Reactors as Key to Clean Jet Fue A new trade organization launched on Friday is betting the key to addressing the disparities in funding will be a different approach altogether: “builder capitalism.”
The Rolls - Royce pressurised water reactor (PWR) series has powered British nuclear submarines since the Valiant class, commissioned in 1966.
Synthetics and biofuels are likely to become the mainstay of aviation in coming decades, East said, providing liquid propellants for the next generation of aero-engines before the advent of all-electric alternatives. Reactors that could power the hydrogen extraction are small enough to be transported by truck and would occupy a building one-10th the size of a nuclear power station.
An SMR attached to a synthetic fuel plant would “provide a very competitive solution,” East said in a briefing at the Aviation Club in London. Electricity costs would be 30% lower than for a large nuclear facility, matching wind power, with the modular approach allowing parts to be made on a factory production line.
So-called electrofuels are synthesized using carbon dioxide or carbon monoxide captured from sources such as cement production, together with hydrogen derived from water via electrolysis, itself powered by sustainable electricity sources such as wind, solar or nuclear. In the future, direct carbon capture from the atmosphere could sever any link with fossil sources.
Iran, Russia launch new phase of nuclear power reactor construction
Tehran and Moscow inaugurated on Sunday a new phase of construction for a second reactor at Iran's sole nuclear power plant in Bushehr on the Gulf coast. Ali Akbar Salehi, head of the Atomic Energy Organization of Iran (AEOI), and deputy chief of Russia's nuclear agency Rosatom, Alexander Lokshin, launched the new stage at a ceremony where concrete was poured for the reactor base.
A nuclear reactor or nuclear power plant consists of nuclear reactor fuel , control rods, moderators, pressure vessels, coolant and containment. Most nuclear electricity is generated using just two kinds of reactors which were developed in the 1950s and improved since.
One pellet of Nuclear Fuel weighing 0.3 grams (less than the weight of a quarter) is equivalent to roughly 1 ton of coal, 150 gallons of oil, and 17,000 cubic feet of natural gas (Thank you NEI.org for the statistics). To give you a concept of the amount of energy a reactor has, consider this.
London-based Rolls-Royce, Europe’s biggest maker of jetliner engines, would partner with a petrochemical specialist or alternative-energy startup to develop the technology, East said.
The proposals face significant obstacles, including widespread public concern about radiation leaks and the safe disposal of nuclear waste, as well as question marks over U.K. plans to revive the sector after Hitachi Ltd. and Toshiba Corp. withdrew from major projects.
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Rolls-Royce applauded by market after heavy restructuring
Rolls-Royce UK industrial group was attracting the market's favor after the announcement of a major restructuring and thousands of job cuts that allowed it to be more optimistic about its financial goals.
The optimism displayed on its forecasts relegated to the background the thorn in the foot that is an expensive technical problem on its Boeing 787 engines.
The engine manufacturer's title was flying 9.04% to 962.60 pence to 09H50 GMT, reaching a high in three years, in a declining market.
He had already earned 6.54% the day before, after announcing the removal of 4,600 administrative jobs over two years, especially in the United Kingdom.
Friday at a day dedicated to investors and analysts, Rolls-Royce said in a statement that given these drastic measures, he was "well placed" to exceed his forecast of a cash flow of 1 billion book by 2020.
This indicator is crucial in the industrial sector and is scrutinized by the market as it reflects the financial health of a group and its ability to generate sufficient liquidity, especially for investment.
The objective of the restructuring announced Thursday "is to allow us to improve the return on investment, increase our margins and increase our cash flow to continue investing in the future," says the group.
Rolls-Royce estimates that, thanks to this plan, it will be able to save 400 million pounds per year from the end of 2020.
The reactor manufacturer for Airbus and Boeing, which has been in difficulty for some years and which is not at its first restructuring, had already decided in January a reorganization into three poles: aeronautics, defense and propulsion systems and energy.
- "From Zero to Hero" -
"The confidence of the general manager, Warren East, and his team follows a decade spent investing heavily in civil aeronautics to build a leading position for its engines" says Russ Mold, an analyst at AJ Bell.
The now ambitious goals show that "the group did a good job in showing what a more comfortable cash flow meant for shareholders over the long term," he said.
Better finances mean higher share prices or even higher dividends, even though East refused to equate job cuts with stock market redundancies. "The goal is not to give money to shareholders but to build a top-level organization," he said Thursday.
Rolls-Royce also confirmed Friday that inspections on its Trent 1000 aircraft engines equipping the long-haul aircraft Boeing 787, affected by technical problems, would cost more than expected.
He figures the additional cost at 100 million pounds, which will bring the total load for 2018 to 440 million pounds, including other interventions already announced on the Trent 900 that equips the very large Airbus A380. However, the group says it has undertaken savings measures, separate from the restructuring plan, to offset the impact of this engine problem on its accounts.
Rolls-Royce found that compressors on its Trent 1000 engines were running out of steam faster than expected and launched a series of tests. It has since developed a new longer life part, which could be installed on the engines concerned from the end of the year.
For Joshua Mahony, an analyst at IG, "Rolls-Royce has gone from zero to hero to investors as they put aside the problems of engines" through the remedies proposed.
The engine manufacturer was formerly part of the same group as the famous luxury car manufacturer Rolls-Royce but the two entities were separated in the early 1970s and are now completely independent companies. The automaker belongs to the German group BMW.
The Navy's Patent for a Compact Nuclear Fusion Reactor Is Wild .
The designs seemingly stretch the limits of science. Scientists have longed to create the perfect energy source. Ideally, that source would eventually replace greenhouse gas-spewing fossil fuels, power cars, boats, and planes, and send spacecraft to remote parts of the universe. So far, nuclear fusion energy has seemed like the most likely option to help us reach those goals. The big problem? It’s difficult to harness, and we’re nowhere near producing it at the scales we need in order to cause a seismic shift in energy policy.