Rolls-Royce at the Friedrichshafen site. Photo: Rolls Royce
Because the financial year of 2021 was good despite the Corona epidemic. In the future, the company would like to place special emphasis on the topic of hydrogen. What exactly is planned.
The Rolls-Royce Power Systems division closes the 2021 disaster year with a satisfactory increase in profits. Adjusted operating profit of 282 million euros continues well in the direction of the level in the pre-crisis year of 2019. Adjusted sales grew by three percent to 3.199 billion euros. Adjusted earnings on sales rose to 8.8 percent. Incoming orders rose by 24 percent to 3.8 billion euros compared to the previous year. At the end of the year, the order record reached a record high of 3.4 billion euros. Meanwhile, Power Systems has reached an important milestone in the company’s restructuring as a provider of sustainable, integrated drive and power system solutions and will invest a triple-digit amount in sustainable technology, according to a press release. “The financial year of 2021 shows that we are doing well. With prudent crisis management, we have protected our employees against infections in the best possible way, served our customers reliably and without interruption and managed challenges such as the disruption of global supply chains in this pandemic with foresight,” emphasizes Andreas Schell, CEO of Rolls. -Royce Power Systems. “Positive business development provides planning security and financial foundation for our transformation into a sustainable solutions provider. Current plant spending reflects returning confidence and willingness to invest across the board.
Redesigning Rolls-Royce Power Systems
With the introduction of the matrix structure in April 2021, Power Systems reorganized the company into four business units. In addition to the existing business in “Mobile Power Solutions” and “Stationary Power Solutions”, there is now a business unit for the China growth market with “Power Solutions for Greater China”. The new division “Sustainable Power Solutions” fully covers the expansion of sustainable and climate-friendly system solutions in all application areas. As part of Rolls-Royce’s Net Zero strategy, Power Systems published a real climate neutrality map in 2021 with “Net Zero at Power Systems”: From 2030, new products delivered should reduce greenhouse gas emissions in the product portfolio by 35% compared. until 2019 have decreased.
That’s why Rolls-Royce relies on hydrogen
In Berlin and Friedrichshafen, Power Systems is currently developing hydrogen-based solutions. “We do not only see ourselves as manufacturers of hydrogen-powered products, but we also consider the entire hydrogen ecosystem in our development, in the spirit of holistic solutions,” explains Andreas Schell. The man cell feature for climate-neutral energy supply had its world premiere at the United Nations climate conference COP 26 in Glasgow at the end of 2021. The fuel cell indicator is working in Friedrichshafen. From 2025 there should be mass-produced fuel cell systems in the megawatt range. For a terminal change in the port of Duisburg, the largest inland port in Europe, Power Systems offers as part of the lighting project man’s first hydrogen-powered power supply systems. Three man fuel cell systems and two man hydrogen heat and power plants will supply the new container with CO2-free energy from 2023, the company plans.
This investment is pending in Friedrichshafen
British technology group Rolls-Royce supports this course and invests in sustainable solutions. It provides 400 million euros to promote the growth of the “Sustainable Solutions” business unit. This investment will expand the development capacity of new technologies and solutions, as well as support further collaborations and potential acquisitions. “This demonstrates the Rolls-Royce Group’s confidence in our ability to achieve significant added value with our shift towards climate-friendly technologies,” emphasizes CEO Andreas Schell. Power Systems has invested around 120 million euros in its 20 most important projects in 2021. This also includes a new engine test stand in China, where the company wants to increase its domestic presence.