The Rolls-Royce boss does not believe that hydrogen jets will be a quick success

Tufan Erginbiligic

{ “@context”: ” “@type”: “ImageObject”, “url”: ” “copyrightHolder”: {“@type”: “Person”, “name”: “© Rolls-Royce”} }

Rolls-Royce continues to rely on modern kerosene-powered engines because the CEO assumes that hydrogen will not play a role in the next 15 to 20 years. Instead, he sees sustainable energy as the only option for meeting climate goals.

Share the articleDivide

mm, DPA

November 28, 2023, 11:59 am

Rolls-Royce wants to generate more revenue in its day-to-day business in the coming years and will continue to rely on natural gas turbines.

“I don’t think hydrogen will play a role in the next 15 or 20 years,” Rolls-Royce boss Tufan Erginbilgic said at a press conference during the capital market day.

Although the group is already working on hydrogen technology with British low-cost airline Easyjet, in the opinion of a former BP manager, so-called sustainable aviation fuel (SAF) may be the only option, at least for large aircraft. to meet climate goals.

Operating profit is expected to increase significantly

The engine maker’s shares rose sharply in morning trade after the publication of new medium-term targets: Recently, Rolls-Royce’s note cost almost seven percent more than the previous day.

The aviation industry is facing the challenge of significantly reducing its share of global CO2 emissions. The world’s largest aircraft manufacturer Airbus hopes to have hydrogen-powered planes by 2035.

As Rolls-Royce also announced in London, operating profit is expected to increase to 2.5 to 2.8 billion British pounds (around 2.9 to 3.2 billion euros) by 2027. Free cash flow should be between 2.8 and 3.1 billion pounds.