LONDON (Alliance News) - Inspirit Energy Holdings PLC on Monday said it has entered the final stages of the commercial design for its mCHP boiler-generator.
The company said it has also installed a demonstration facility at its Sheffield site, which will be able to accommodate single or multiple boilers along with a conventional heating system.
"This commitment to investment in tooling and the installation of a demonstration and training facility is an important step for the company to demonstrate its progress and expand its marketing initiatives with a much broader range of potential customers," said John Gunn, chief executive officer of Inspirit.
"We are seeing strong interest from corporates and utilities here in Europe and now from North America, some of which we are optimistic of signing as participants to our commercial trials," Gunn added.
Inspirit shares were up on the news, rising 4.7% to 1.23 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Inspirit Energy (INSP)