VPhase's shares lifted in trial deal

VPhase has signed a further trial deal for its energy-saving voltage product, highlighting how small energy efficiency firms could come to the fore as Britain enforces stringent emissions targets.

By The Newsroom

Published 14th Jan 2010, 09:56 BST

Updated 14th Jan 2010, 09:57 BST

VPhase said a social housing group based in the North-West of England will trial VPhase's product, which is attached to a household fuse box and can reduce electricity consumption by 10 per cent by regulating the level of voltage coming in.

Shares in the smallcap company, which started making commercial sales in September, rose 6 per cent after the news to 4.5p.

The deal comes just a week after Drax, which runs the UK's largest coal-fired power station at Selby, signed up energy efficiency specialist Eaga to provide services under the Community Energy Saving Programme (CESP).

Government initiatives such as CESP and CERT (The Carbon Emissions Reduction target) force utilities and housing providers to reduce carbon dioxide emissions from homes.

Drax is one of the first companies to develop CESP plans and said it was new ground for the firm.

Britain