F1’s announcement of the engine freeze for 2022 was met with a great deal of relief and happiness by Red Bull. The Milton Keynes-based outfit soon gave out a confirmation of their own.
The team would start making its own power unit for 2022 and beyond, having reached an agreement with current engine supplier Honda to buy their IP rights since the Japanese brand would be leaving the sport in 2021.
With Red Bull Powertrains Limited now established, let’s have a look at the major takeaways/advantages it brings to the four-time championship-winning team.
Red Bull have secured their future in the sport at least until 2025
This is the biggest takeaway from the aforementioned news. The Austrian team were sweating over their future in the sport only a month or so ago.
The team from Milton Keynes seemed unlikely to find a supplier on the grid owing to Ferrari and Mercedes’ commitment with other teams and the fractured relationship with Renault. The team’s advisor had even suggested that quitting the sport was a very real possibility.
They could become an engine supplier like Mercedes and Ferrari in the future
In order to build power units, Red Bull would have to have a facility and a team dedicated to it. With the new engine rules slated to come in 2025, Red Bull will have gained sufficient expertise in building engines by then to actually have customer teams.
They’d obviously have to supply to sister team AlphaTauri. But by gaining another customer team or two, the Austrian outfit could increase their revenue.
Moreover, they could then use the customer team as a way to blood their academy drivers. This would be akin to what Ferrari does with Haas and Alfa Romeo. The Milton Keynes-based team could well build a stockpile of F1 talent whom they can call upon.
The plan to build their own engines could prove to be a masterstroke. However, to what extent they gain from this plan will only be revealed a few years from now. Till then, Red Bull and its fans can rest easy and enjoy the new season.