LONDON (Alliance News) - Inspirit Energy Holdings PLC, the company trying to develop a boiler that will also produce enough electricity to power an average home, Monday said it has signed a manufacturing deal under which Malvern Boilers Ltd will produce the initial volumes of its mCHP boilers.
"The company has now contracted all the necessary design, manufacturing and certification specialists required to make this British company's washing-machine-sized, high efficiency boiler-electricity generator available for the global market place," Chairman David Lenegas said in a statement.
Inspirit shares were up 3.7% at 2.10 pence Monday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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Inspirit Energy (INSP)