Rolls-Royce: strong growth in the energy transition

Rolls-Royce's achieves strong growth in underlying sales in what CEO Dr Jörg Stratmann calls ‘an important contribution to the energy transition’

In the first half of 2023, underlying sales for Rolls-Royce's Power Systems business unit leapt 24% to £1.8 bn (€2bn). 

Order intake in Power Systems business was 14% lower than the prior period. 


The energy transition in the manufacturing sector 

Rolls-Royce reported:

  • Service revenues had increased by 10%, proving increased end market activity
  • OE revenue advanced by 33%, due to orders for stationary powergen equipment and mobile power solutions for the marine and mining segments
  • Operating profit reached £125m (€143m) with a 7.0% margin

For the rest of 2023, the company expects further positive developments, owing to the impact of pricing actions, cost efficiencies and seasonally higher volumes.

"We are pursuing our chosen path of profitable growth - with initial successes already,” said Dr Jörg Stratmann, CEO at Rolls-Royce Power Systems. “We have successfully initiated and implemented numerous measures. We reliably support our customers worldwide in their goals with our products and solutions - for example, with our MTU engines, which have been approved for operation with alternative fuels such as HVO. In this way, we are making an important contribution to the energy transition in various industries."

Rolls-Royce aims to use hydrogen energy

Rolls-Royce is investigating sustainable fuels and technologies to reduce emissions. 

German aircraft engineering company MTU Aero Engines designed the MTU engines and with green hydrogen, they can run in a CO2-neutral manner.

“This engine will serve the market demand for hydrogen solutions in the energy transition and will be available to our customers as a reliable and clean power source for gensets and combined heat and power plants,” said Tobias Ostermaier, President at Stationary Power Solutions, Rolls-Royce business unit Power Systems.

“It can be used for both storage of excess energy and as a fuel, not only for engines but fuel cells and cogeneration plants to generate climate-neutral electricity and heat,” added Stratmann.

Read more here


For more insights into Manufacturing - check out the latest edition of Manufacturing Magazine and be sure to follow us on LinkedIn & Twitter.

Other magazines that may be of interest - Healthcare Digital


BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEO's, CFO's, CMO's, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

Immensa and Intaj Suhar partner to boost Omani manufacturing

MENA’s leading digital manufacturer Immensa has partnered with Intaj Suhar to enhance Oman’s localised manufacturing through digital inventory solutions

Bain & Company Report: OEMs and Digital Transformation

Bain & Company report urges original equipment manufacturers to embrace digital solutions and shift to a customer-focused mindset to stay competitive

The Factory of the Future: Manufacturers' Biggest Challenges

Here’s the biggest challenges manufacturers face with developing the factory of the future, with insight from Graham Upton, Head Of Technology at Capgemini

Dassault Systèmes Bring AR Manufacturing Showcase to London

Smart Manufacturing

Join Belden for a Free Webinar on Connected Plant Floor Data

Production & Operations

Cristina Semperboni: Women In Engineering Spotlight

Production & Operations