AIM-listed Plutus PowerGen soared as it hinted at a partnership with one of the big six utility firms
The company operates small power generation plants and sells power to utilities suppliers and National Grid.
It aims to secure funding to construct the plants but likes to own an 80pc interest in any projects.
Yesterday Plutus said it had received an offer by a leading multinational to fund up to 20 per cent of renewable fuel or gas powered energy projects.
Chief executive Phil Stevens said the business is focused on providing a consistent source of power to mitigate the UK's risk of blackouts in the future.
While Plutus PowerGen didn't name the company it may be partnering with, the announcement was enough to send shares 17.3 per cent, or 0.45p, higher at the close yesterday to 3.05p.
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