Shares in ITM Power, the energy storage and clean fuel company, jumped on Monday after it announced a deal with Airbus' parent company, EADS.
Sheffield-based ITM has sold its first hydrogen generation system to EADS for use by its research arm, Innovation Works, in its energy and propulsion laboratory.
It did not give details of the value of the sale.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
"EADS is a very high quality organisation at the forefront of technology and we are delighted to have forged such a productive relationship," said ITM Chief Executive Dr Graham Cooley.
The firm's shares rose 12% following the announcement.
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published