Rollsroycegroup
This week, our teams hosted a nuclear portfolio demonstration at The House of Commons for the UK Government’s Nuclear Week in Parliament. Co-hosted by Derby South MP, Baggy Shanker and Derby North MP, Catherine Atkinson, our event provided a great opportunity to inform and educate government departments and wider industry colleagues on Rolls-Royce’s broad nuclear portfolio, from Micro-Reactors and Submarines to nuclear skills and SMRs. We’re proud to show how we’ve been harnessing the power of nuclear through innovative defence and civil applications for over 60 years. Looking to the future, we're using our experience in nuclear to develop the next generation of nuclear capability and support the energy transition. |
Hungary And UK Partner On Small Modular Nuclear Reactor Development: |
My bad everyone . Rachel Reeves is expected to announce a decision one SMRs in the Spring Statement on 26/03/2025. It's not confirmed. We could also hear sooner. But the source for this is an understated but upbeat article by Jasper Jolly in the Guardian. Where he has interviewed Stephen Lovegrove chair of RR SMR . After reading the interview depth article I got the impression Spring Statement announcement is all but confirmed . |
Roger, David Gauke when both Transport and later, Prisons minister would give Miliband a good run in the 'dim' stakes.
Miliband previously threatened to resign if Heathrow was expanded. He appears to have rowed-back on that threat. Gutless as well as dim.
To explain Gauke's claim to the 'dim' title, when he was transport minister it took me two letters to him before he understood the vehicle emissions scandal reality.
As Prisons minister I needed to write to explain giving criminals in jail their own mobile 'phone was not really a good idea. Seriously, he had considered that. It coincided with my daughter getting unwanted 'phone calls from a major criminal in jail on a basis of mistaken identity. Fortunately it turned out OK in the end. |
Totally agree with the comments here, Milliband is a disaster for the country and the dimmest cabinet minister I have ever known. Not only in his severe green policies but also he has dragged his heels on his own objectives in that we need to kick start investments in green technologies that will also bring prosperity to the UK, ie SMRs, Hydrogen and Tidal power. These are the infrastructure projects that we should be talking about, not London centric schemes like the third runway, the Lower Thames link and the Oxcam corridor and retrospective energy schemes like carbon capture. I am amazed that an intelligent PM like Starmer hasn't given him the boot. |
One of the biggest game-changers is the rise of small modular reactors (SMRs). These next-generation nuclear units are smaller, more flexible and easier to deploy than traditional reactors.
Fusion funding is also increasing as the long awaited energy source becomes more of a realistic option with commercial plants given backing both here and in the US.
If governments provide the right policy support and industries deliver on time, more than 1,000 SMRs could be operational by 2050, transforming global energy infrastructure. |
Starmer must sack lunatic Miliband to save Britain |
A good 48 minute interview with Sophie Macfarlane-Smith, Head of Customer Engagement at Rolls Royce SMR ( worth a listen )
I think I might even have a little top up ;) |
Bakar922 I am wondering please, if that is confirmed news regarding the March 27th SMR decision.? |
Decision on SMR expected on 27th of March in Spring Statement |
 Frome today's D Telegraph.
Boeing suffers second-biggest loss in history following safety crisis
Bleak results take the company’s total red figures to more than $35bn since 2019.Boeing has crashed to the second biggest annual loss in its 109-year history as the plane maker grapples with the fallout of a major safety scandal.
The American giant on Tuesday confirmed it had fallen $11.8bn (£9.5bn) into the red last year, a figure only exceeded during the pandemic when the aviation market ground to a halt overnight.
It takes the company’s total losses since 2019 to more than $35bn.
The bleak results follow a torrid year for the plane maker that saw a mid-air blowout of a door plug in one of its passenger aircraft, walkouts by tens of thousands of factory workers and a string of faults aboard a spacecraft it built for Nasa.
Kelly Ortberg, who became chief executive in August, has been tasked with turning things around but the results on Tuesday underlined the scale of the task ahead of him.
The company has been plagued by persistent safety issues after two crashes involving its best-selling 737-MAX jets in Indonesia and Ethiopia – in 2018 and 2019 respectively – left 346 dead.
They led to temporary groundings of the jets and triggered broader concerns that Boeing had misled regulators during the aircraft’s certification.
In January 2024, safety fears surfaced again when an Alaska Airlines-operated 737-MAX suffered a door plug blowout while flying at 16,000 feet.
That triggered an investigation by the US Federal Aviation Administration, which later capped 737-Max production rates, put officials on production lines and ordered a major review of manufacturing processes.
Separately, the company also suffered humiliation when Elon Musk’s SpaceX was called in to return four US astronauts to Earth from the International Space Station, following technical problems with Boeing’s Starliner spacecraft.
On top of this, engineers who assemble the Max, along with 777 jets and 767 cargo planes, at the company’s plants in Renton and Everett, Washington, downed tools for seven weeks in protest over pay and conditions. The dispute ended after Boeing agreed to boost their wages.
As a result, Boeing delivered just 348 jets in 2024 – down from 528 a year earlier.
That left the company far behind rival Airbus, which says it delivered 765 jets during the same period.
Boeing said it had made some progress in its turnaround so far, adjusting factory arrangements for higher production. It is also seeking to address loss-making defence contracts.
On Tuesday, Mr Ortberg said the company’s recovery would be “a multi-year journey”, following accusations that Boeing had an ingrained culture of putting profit ahead of safety.
Dave Calhoun, the former chief executive who was forced out amid the safety crisis, previously admitted that “something went wrong” at the plane maker during stormy hearings in the US Senate.
Meanwhile, the company is also scrambling to provide reassurances to Mr Musk – now a top adviser to Donald Trump – that replacements for the presidential plane, known as Air Force One, will be delivered soon.
The company is building a pair of Boeing 747s that will be used to transport the US leader around safely but the project is currently years late and more than $2bn over budget.
Boeing has blamed design changes, skills shortages and supply chain issues for the problems. Mr Trump previously threatened to cancel the order when he was last president, in 2017.
“The president wants those planes sooner so we’re working with Elon to see what we can do to pull up the schedule of those programs,” Mr Ortberg told CNBC.
However, it is not clear yet whether the planes will even be delivered during Trump’s latest four-year term. |
Hungary Seeks Small Modular Nuclear Reactors After UK Talkshttps://financialpost.com/pmn/business-pmn/hungary-seeks-small-modular-nuclear-reactors-after-uk-talks |
Crucial! :-) |
Happening Now.
Watch XB-1's supersonic test flight in real-time. Join us and see XB-1 break the sound barrier from the viewpoint of our chase aircraft. |
Any airline company of any standing will buy a large amount of unproven engines.
The more AI there is will mean more SMR’s.
No one trusts the Chinese, even Russia.
RR’s order books are full to the brim. The new Utra Fan is in its final testing stage. Feb 27 should see a divi and more cost savings. The factual upside for RR. outweighs the negative stories.
The share price is currently where it was a couple of weeks ago. 12 months ago shares were £3.03 -£3.10. |
MCunliffe
The Chinese have no respect for patent law so I wonder what would happen if one of their panes landed outside China with engine. R R , G E and Prat would be all over it. |
China is developing a huge ‘air cruiser’. America will struggle to catch up |
eeza's second Telegraph link without paywall.
Thanks eeza. |
But would folks, especially the Americans buy it? |
I'm recently back from a holiday - three nights of which landed me in a hotel in Singapore, too close to Changi airport rather than the city centre. However, sat at the bar on the first evening were two American aerospace engineers. I got into conversation with them and we discussed jet engines as they were involved in the setup of diagnostic equipment to allow repair and maintenance of such.
They warned me of a Chinese jet engine maker that was developing an engine that could compete.
Shades of DeepSeek and Nvidia perhaps? |
27 February 2025 - Full Year Results! |
2024 Full Year Results due out tomorrow |
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