Rolls-Royce announces $225 million R&D investment in Canada
Rolls-Royce has announced plans to support an investment of C$225 million to develop new technologies for the Group’s Energy business in Canada.
Funding will be provided over five years and the R&D work will focus primarily on enhancing Rolls-Royce product offerings in the oil & gas and power generation markets. The goal is to deliver significant operational and environmental benefits to customers by providing higher power and lower emissions aeroderivative gas turbines through the use of new combustion technology, fit for purpose industrial materials and alternative fuels. Ultimately this work may provide the technologies for the next generation of Trent and RB211 industrial turbines.
Investissement Québec’s Strategic Support for Investment Program (PASI) is supporting the investment with a C$30 million funding facility repayable through royalties.
Tom Scarinci, Rolls-Royce, Executive Vice President of Engineering and Technology – Energy said: “This investment would not have been possible without the talent, innovation and track record of our Montreal engineering team, combined with the continuing support of our customers, suppliers and government partners.”
Work will be undertaken in the Rolls-Royce facility, in Montreal (Qc), Canada and the investment is expected to help secure around 100 engineering jobs at the Group’s Montreal facility.