8-K

   1
                                    FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                 Current Report
                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) December 29, 2000

                             MPM TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)


                    Washington              0-14910          81-0436060
                   ----------------    ----------------   ------------------
                   (State or other       (Commission      (IRS Employer
                   jurisdiction of        File Number)     Identification No.)
                   incorporation)


              222 W. Mission Ave., Suite 30, Spokane, WA             99201
              -------------------------------------------           -------
               (Address of principal executive offices)            (Zip Code)


        Registrant's telephone number including area code (509) 326 3443

             (Former name or address, if changed since last report)
   2
ITEM 1.  CHANGES IN CONTROL OF REGISTRANT


ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS


ITEM 3.  BANKRUPTCY OR RECEIVERSHIP


ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS


ITEM 5.  OTHER EVENTS
The Company issued a press release on December 29, 2000. A copy of such press
release is attached hereto as Exhibit 1.


ITEM 6.  RESIGNATION OF A REGISTRANT'S DIRECTOR


ITEM 7.  FINANCIAL STATEMENTS.  PRO FORMA FINANCIAL INFORMATION
         AND EXHIBITS

           (a).  Financial Statements of business acquired

           (b).  Pro forms financial information

           (c).  Exhibits
                  Press Release dated December 29, 2000

   3
                                  SIGNATURE(S)


Pursuant to the requirements of the Securities Exchange Act of 1934, registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.



                                              MPM Technologies Inc.


    December 29, 2000                        /s/ Robert D. Little
    ------------------                       ---------------------
         (Date)                                 Robert D. Little
                                                   Secretary

EX-99.1

   1
NEWS RELEASE MPM TECHNOLOGIES INC.

                           MPM ANNOUNCES RESTRUCTURING
                             OF ST(2)EP TRANSACTION


Spokane, WA - December 29, 2000 - MPM Technologies, Inc. (NASDAQ: MPML)
announced today that it was working with its advisors to restructure the
proposed transaction with ST(2)EP, LLC. In addition, MPM announced that Michael
A. Porter, CEO and President of ST(2)EP, and Gregory T. LaLonde III, Chairman of
ST(2)EP, have agreed to serve on MPM's Board of Directors upon the completion of
the ST(2)EP transaction. In addition, Mr. Porter has agreed to become President
and CEO of MPM at such time.

MPM also announced that it is not presently contemplated that Mr. Joseph G.
Kilraine will be elected to serve on its Board of Directors. MPM has become
aware that a dispute has arisen between Mr. Kilraine and MPM as to the capacity
in which Mr. Kilraine serves MPM. MPM expects that Mr. Kilraine will continue to
serve as its President.

ST(2)EP is an international engineering, operations, maintenance and staffing
corporation. It provides its services to multi-national corporations such as
Shell and Phillips Petroleum and other Fortune 500 companies as well as
countries on a global basis, such as UAE, Algeria, Saudi Arabia, Indonesia, Abu
Dhabi and South Africa. MPM has previously announced its intent to acquire
ST(2)EP. Closing of the acquisition is expected during the first quarter of
2001.

MPM Technologies, Inc. is a holding company with two operating subsidiaries,
Huntington Environmental Systems, Inc. and AirPol, Inc., which design, build,
install and service industrial air pollution control systems. A third
subsidiary, Nupower, Inc. is engaged in the development and marketing of Skygas,
a patented waste-to-fuel technology.

Contact:    Robert D. Little
            MPM Technologies, Inc.
            (509) 326-3443
            E-mail:  info@mpmtech.com
            Web Page:  www.mpmtech.com


Statement Under the Private Securities Litigation Reform Act.

With the exception of the historical information contained in this release, the
matters described herein contain forward-looking statements that involve risk
and uncertainties that may individually or mutually impact the matters herein
described, including but not limited to product acceptance, economic,
competitive, governmental, results or litigation, technological and/or other
factors, which are outside the control of the Company.