Rolls-Royce's 'Spirit of Innovation' aircraft aims to exceed 480kph to break the speed record for electric-powered flight. Courtesy Rolls Royce
Rolls-Royce's 'Spirit of Innovation' aircraft aims to exceed 480kph to break the speed record for electric-powered flight. Courtesy Rolls Royce
Rolls-Royce's 'Spirit of Innovation' aircraft aims to exceed 480kph to break the speed record for electric-powered flight. Courtesy Rolls Royce
Rolls-Royce's 'Spirit of Innovation' aircraft aims to exceed 480kph to break the speed record for electric-powered flight. Courtesy Rolls Royce

Rolls-Royce pins net-zero ambitions on breaking electric aircraft speed record


Kelsey Warner
  • English
  • Arabic

Rolls-Royce is pinning its net-zero carbon ambitions on “smashing” the electric aircraft speed record, its chief executive said on Monday.

Warren East said the stunt was a critical "marketing ploy to win hearts and minds" in the aviation industry that electric flight is possible as the UK jet engine manufacturer aims to produce net-zero carbon emissions in its operations by 2030 and help lead the sector to net zero by 2050.

Electric and hybrid aircraft for shorter distance travel “won’t come from one company on its own", Mr East said. "This will come from a massive industry that must reinvent itself over the coming decades."

After an audit of its carbon footprint in the year since signing up to the UN's Race to Zero campaign, Mr East said Rolls-Royce must rely on others if it is to realise its own net-zero goals.

The company found that its own carbon emissions from daily operations and that of its supply chain to manufacture parts accounted for less than 3 per cent of its carbon output. It is the 97 per cent its customers produce from powering Rolls-Royce engines, used in planes, boats and data centres worldwide that it must urgently address.

Signing up to the UN pact a year ago "gets us on the hook to really doing something about net zero", Mr East said, despite the company nearly going bust as a result of the pandemic.

Rolls-Royce's aviation business model relies on charging airlines for the number of hours its engines fly and it suffered hugely as travel ground to a halt.

Mr East said “we had to go to our shareholders cap in hand to beg for more money just to survive” the pandemic.

Warren East, chief executive of Rolls-Royce, said the path to net zero was challenging for the company because its customers operate in sectors where demand for power is on the increase. Courtesy Rolls-Royce
Warren East, chief executive of Rolls-Royce, said the path to net zero was challenging for the company because its customers operate in sectors where demand for power is on the increase. Courtesy Rolls-Royce

Rolls-Royce reported a pre-tax loss of $5.62 billion last year as global travel was grounded, compared to a 2019 profit of $821.6 million.

But Mr East, who was speaking from the CogX conference in London on Monday, is optimistic about the outlook of demand. He said he expects air travel – for both passengers and freight – to return to pre-pandemic levels.

While Mr East seeks recovery, Rolls-Royce is aiming to put the designed and assembled Spirit of Innovation aircraft in the sky to break the all-electric speed record. The twin-propeller plane is targeting a speed of above 483kph, beating the current record of 338kph set by Siemens in 2017.

The 6,000 cells in the battery are “packaged for maximum lightness and thermal protection”, the company says on its website, with an advanced cooling system that can withstand the extreme temperatures and high-current demands during flight.

A single charge should fly the plane and a pilot 322 kilometres, or from London to Paris in about the same time as a combustion engine-powered aircraft.

The batteries powering Spirit of Innovation are "very similar" to what urban air taxis may someday require, meaning there are potential commercial applications for the project as well.

In March, the company said Spirit of Innovation successfully taxied, an important test of the aircraft's propulsion system ahead of actual flight-testing.

Rolls-Royce said it aimed to have the craft in the air by spring but Mr East declined to set a specific timeline – he said only "soon".

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Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

23-man shortlist for next six Hall of Fame inductees

Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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Transmission Six-speed manual

Power 410hp @ 7,000rpm

Torque 420Nm @ 3,500rpm

Fuel economy, combined 9.7L / 100km

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7.30pm: Handicap (TB) Dh100,000 (PA) 1,400m; Winner: Hakeem, Jim Crowley, Ali Rashid Al Raihe

Match info

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