Rolls-Royce (LON: RR.) and EasyJet (LON: EZJ) announced Monday that they conducted the world’s first run of a modern aircraft engine on hydrogen.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
EasyJet shares declined almost 3% Monday and are down more than 4% so far on Tuesday after the airline posted its full-year results. Meanwhile, Rolls-Royce shares declined 2.45% during Monday’s session and are currently up 1%.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The test, which took place at an outdoor facility at MoD Boscombe Down, UK, using a converted Rolls-Royce AE 2100-A regional aircraft engine, is said to be a “major” step in proving hydrogen could be used as a zero-carbon aviation fuel in the future as governments continue to push for businesses to move away from fossil fuels. EasyJet said it is a “key proof point in the decarbonisation strategies” of both companies.
The green hydrogen that the companies used in the test was supplied by EMEC (European Marine Energy Centre).
Rolls-Royce and EasyJet are already planning a second set of tests and have a longer-term ambition to carry out flight tests. After analysis of the ground test, the companies will plan a series of further rig tests, which will lead up to a full-scale ground test of a Rolls-Royce Pearl 15 jet engine.
Rolls-Royce Chief Technology Officer Grazia Vittadini said the success of the test “is an exciting milestone.”
“We only announced our partnership with easyJet in July and we are already off to an incredible start with this landmark achievement,” he added.
EasyJet CEO Johan Lundgren said: “We are committed to continuing to support this ground-breaking research because hydrogen offers great possibilities for a range of aircraft, including easyJet-sized aircraft. That will be a huge step forward in meeting the challenge of net zero by 2050.”
