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Rolls-Royce to develop mtu hydrogen electrolyzer and invest in Hoeller Electrolyzer

Rolls-Royce is entering the hydrogen production market and acquiring a 54% majority stake in electrolysis stack specialist Hoeller Electrolyzer. The Hoeller technology will form the basis of a new range of mtu electrolyzer products from the Rolls-Royce Power Systems division. Hoeller Electrolyzer, based in Wismar, Germany, is an early-stage technology...
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Rolls-Royce's Power Systems Profitable Despite 17%

Photo courtesy Rolls-Royces Power Systems Rolls-Royces Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year. Power Systems is taking advantage of the crisis to prepare for a shi...
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