Hungarian Gov’t Grants Rolls-Royce HUF 1.7 bln to Advance Electric Flight
Artist’s rendering of Rolls-Royce Hungary technology in operation in Budapest.
Rolls-Royce is being awarded HUF 1.7 billion in state funding to support research and development that will advance all-electric and hybrid-electric aviation. The grant from the Hungarian Investment Promotion Agency and Ministry of Foreign Affairs and Trade will also support the creation of 20 engineering jobs based at the R&D facility in Budapest.
The government says the three-year financing program is part of the commitment to cutting-edge engineering that will positively impact the Hungarian economy. Rolls-Royce Hungary is part of the global Rolls-Royce Electrical business and focuses on designing, developing and integrating innovative electrical power and propulsion systems.
Rolls-Royce Electrical has already proven technology innovations through successful demonstrator projects such as the H3PS 4-seater aircraft, powered by an integrated parallel-hybrid electric powertrain designed by the Hungarian team. The business is now concentrating on developing this technology for market.
“We are delighted by this investment by the Hungarian Government that recognizes the potential of our sustainable technology solutions for the advanced air mobility market to transform the way people travel and transport goods,” said Sara Poxon, director of operations for Rolls-Royce Electrical.
“In Hungary, we have built an innovation and knowledge center based on strong engineering competencies. With the support of the Hungarian Government, we can increase our competitiveness and advance power and propulsion systems for all-electric and particularly hybrid-electric flight. This support can accelerate technological breakthroughs by Rolls-Royce that will support low and zero-emission air travel by 2050,” she added.
Sustainable Aviation
Gergely György Balázs, managing director of Rolls-Royce Hungary, added, “We are focused on making aviation sustainable. Rolls-Royce Hungary has previously achieved important milestones in the development of all-electric and hybrid-electric propulsion systems, as well as innovation in power and energy distribution systems.”
He said Rolls-Royce Hungary engineers play a vital role in developing solutions that will revolutionize aviation and added that the company is committed to attracting the talent it needs to electrify flight.
“The support of the Hungarian Government is recognition of our commitment to ensuring engineering excellence and supporting the aviation industry in achieving its goal to become net zero. By working with government, industry partners and academia, we can develop the engineering solutions needed for the Advanced Air Mobility market,” he added.
Rolls-Royce in Hungary
Based in Budapest, 120 Rolls-Royce workers, primarily engineers, work on developing sustainable electrical technology for power and propulsion. Their competencies include designing, manufacturing, and testing innovative electric machines, motors, generators, inverters, controls, energy storage components and electric power distribution systems (EPDS) and their efficient integration on subsystems and at system level for commuter aircraft, urban air transport vehicles and auxiliary power equipment. In 2021, H3PS, a unique parallel hybrid-electric craft, took the sky for the first time. The Rolls-Royce Electrical team in Hungary was responsible for the design, manufacturing, and installation of the complete electric propulsion system of the modified aircraft.
This article was first published in the Budapest Business Journal print issue of June 16, 2023.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
