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Photo courtesy Rolls-Royce's Power Systems Rolls-Royce's 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 shift in its business model towards integrated solutions for drive-power and energy needs in the post...

Photo: IMO The challenges and opportunities of decarbonising shipping, and the switch to new fuels were in focus among senior executives and officials speaking at the SMM virtual press conference on Monday. In a pre-recorded message, IMO secretary-general, Kitack Lim, stressed amongst other things the scale of the task faced by shipping as it confronts the challenges of decarbonisation over the next three decades. He highlighted the importance new steps taken by the IMO in October to limit emissions from ships, and stressed the importance of a global regula...

Published: 21 Dec 2020, 13:08 By: Editor Rolls-Royce Power Systems MTU EnergyPack containerised battery solutions. The company said it will begin manufacturing the solutions at a dedicated site in Ruhstorf, Bavaria, from next year. Image: Rolls-Royce Power Systems. An integrated energy system installed for a textiles company in Costa Rica by Rolls-Royce Power Systems will pay for itself in just over four years, the technology provider has claimed. The announcement comes as Rolls-Royce Power Systems prepares to begin manufacturing of its battery storage solutions at a dedicated s...