ROLLS ROYCE HLDGS S/ADR - RYCEY STOCK NEWS

Xanadu and Rolls-Royce announced a collaboration to enhance aerospace research through the co-development of quantum algorithm tooling in PennyLane, Xanadu's open-source quantum computing software. This partnership aims to accelerate research into Quantum Singular Value Transformation (QSVT), which is pivotal for quantum algorithm development in aerospace applications. Rolls-Royce is committed to advancing quantum computing to tackle complex challenges, aiming for net-zero carbon emissions by 2050. The collaboration seeks to leverage quantum computing capabilities to improve aerospace technologies, including materials chemistry and product design.

Legal & General Retirement America (LGRA) has successfully completed a $145 million pension risk transfer transaction with Rolls-Royce North America, benefiting approximately 1,200 plan participants. The deal, finalized in July, signifies LGRA's strength in the U.S. PRT market, following its largest first half to date. Aon advised Rolls-Royce on this transaction, which enhances the pension security for participants while de-risking Rolls-Royce's balance sheet, bolstering business stability.

Classiq, a leader in quantum software, partners with Rolls-Royce to enhance computational fluid dynamics (CFD) algorithms through advanced quantum techniques. The collaboration aims to optimize aerodynamics and thermodynamics by leveraging both quantum and classical computing strengths. Key developments will include the implementation of the quantum HHL algorithm to address complex numerical simulations. This partnership is crucial for Rolls-Royce's commitment to achieving net zero carbon goals and improving simulation efficiency, preparing for future quantum computing advancements.

Rolls-Royce is advancing its mtu gas engine line for power generation to utilize hydrogen, targeting climate-neutral energy. Currently, mtu Series 500 and Series 4000 engines can run with a 10% hydrogen blend, expanding to 25% in 2022, and aiming for 100% by 2023. The company promotes hydrogen as a key component in transitioning to sustainable energy. Rolls-Royce's climate initiative, Net Zero at Power Systems, aims for a 35% reduction in greenhouse gases by 2030. The company is also focused on integrating sustainable fuels and building expertise in the hydrogen ecosystem.

Raloy Lubricantes has chosen Rolls-Royce's mtu Series 500 generator set for combined heat and power at its facilities in Santiago Tianguistenco, Mexico. This new generator, which offers 3.1% more efficiency and 30% more power than its predecessor, will provide electricity and thermal energy for manufacturing processes. Scheduled for commissioning in April 2022, the mtu Series 500 can operate on natural gas, biogas, and is H2-ready. Raloy's CEO emphasized the importance of sustainability and efficiency in their operations, citing a strong partnership with Rolls-Royce.