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The Company Taking Rolls Royce’s “Power by the Hour” Model
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The Company Taking Rolls Royce’s “Power by the Hour” Model
Disseminated on behalf of Solar Bank Corp (SUUN.NASDAQ) Sixty years ago, Rolls-Royce bought out an airplane engine manufacturer called Bristol Siddeley. They soon found out they got much more than they bargained for. Instead of just making money off of selling airplanes, Bristol Siddeley wanted to make money for every hour those planes were in flight. So, they’d been experimenting with a brand-new revenue model they called “Power by the Hour.” W…
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