Rolls-Royce Investing $225M to Develop Turbines

Rolls-Royce Investing $225M to Develop TurbinesRolls-Royce Canada is investing $225 million, including a $30-million loan from the Quebec government, to develop new technologies for its industrial power generation turbines. The research and development funding over five years will focus on improving existing turbines and possibly developing new products used by the oil and gas and power industries. The Montreal-based division of the British aerospace engine giant said it is seeking to develop new combustion technology…

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