Alstom and Rolls-Royce sign long-term technology agreement
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Alstom and Rolls-Royce have announced that they have signed a long-term technology agreement that will enable ALSTOM to use Rolls-Royce aero engine technology in the development of its heavy-duty gas turbine product range.
According to a statement, this agreement is in line with Alstom's long-term strategy to offer a highly competitive heavy-duty gas turbine product range to address the largest segment of the global power generation equipment market.
Rolls-Royce aero engines operate using very high temperature technologies, advanced aerodynamics and high strength and high temperature materials. The expertise and knowledge in these areas gained by Rolls-Royce in developing its world-leading aero engines will be applied to Alstom's heavy-duty gas turbines to improve efficiency, power output and durability.
Access to these enhanced technology solutions will strengthen Alstom's future competitive position in the heavy-duty gas turbine market and result in economies of scale in the company's research and development spending.
In addition to technology access, Rolls-Royce will also provide engineers to assist Alstom in the application of technology on specific development projects.
Rolls-Royce will be compensated for initial access to technology by payments spread over a number of years. In addition, royalties will be paid on future product sales. Specific financial details were not disclosed.
