LONDON (Alliance News) - Inspirit Energy Holdings PLC said Monday it has signed a deal with a major European utility firm to supply and install boilers at the unnamed company's test facilities.
The company said that the landmark agreement with the unnamed firm will see Inspirit Energy supply and install one of the company's first highly efficient mCHP micro co-generation boilers into the Utility's test and verification facilities when the first commercial specification appliances become available later in the year.
Under the terms of the deal, any tests undertaken at the test facilities shall establish the suitability of the mCHP appliance for field trials within their network and subsequent potential commercial entry into the market, said Inspirit.
No financial details of the contract were disclosed.
Shares in Inspirit were trading 6% higher at 1.33 pence per share Monday afternoon.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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Inspirit Energy (INSP)