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Steve Amphlett

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Loan Interest & Repayments Return to Shareholders Lease Rates Insurance Professional Fees Computer & Telecoms Maintenance etc CHALLENGES Lack of Rain! – PowerPoint PPT presentation

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Title: Steve Amphlett


1
A Revolution in Energy Production
Steve Amphlett
2
The Teamjust the two of us but with lots of
support
3
  • a recycling of our industrial heritage
  • Micro Hydro-Electric Scheme
  • 18th Century Bridge End Mill
  • Redundant Mill Race
  • River Ribble
  • 2000yr old Archimedean Screw Technology

4
  • OUR OBJECTIVES
  • Generate Sell
  • Sustainable Green Electricity
  • to
  • Generate Sustainable
  • Funding for Community Projects
  • Generate Publicity for our Town
  • which will contribute towards the
  • Regeneration of Our
  • Local Economy

5
LEGAL STRUCTURE
  • INDUSTRIAL PROVIDENT SOCIETYfor the benefit of
    the community
  • Limited Liability
  • Can raise equity by issuing shares (to members
    only)
  • Can pay interest on shares
  • Co-operative principles are enshrined in the
    rules
  • Less onerous administration than Limited Company
  • Democratic One-Member-One-Vote irrespective of
    value of shareholding

6
COST
415,000 (28 more than initially
estimated!!) Screw 75,000 Construction
200,000 Sluice Gate Commissioning 15,000 Cont
rol System 10,000 Meters Grid
Connection 40,000 Feasibility Project
Management 50,000 Other 25,000
7
SOURCE OF FUNDS
  • Grants 135,000
  • Shares 135,000
  • Loans 145,000
  • 415,000

8
GRANTS
  • Key Fund Yorkshire 10,000
  • Yorkshire Forward 75,000
  • CO2Sense Yorkshire 50,000

9
SHARES
  • Share Offer Launched 6th Sept 2008
  • Share Offer Closed 15th Dec 2008
  • Funds Raised 135,000
  • Number of Members 158
  • 45 250
  • 45 gt 250 to 1000
  • 10 gt 1000 to 20,000

10
LOANS
  • Charity Bank 125,000
  • Key Fund Yorkshire 20,000

11
28 Monthsand thats just to get it turning!!
  • Initial Idea Aug 2007 0 mths
  • Information Day Mar 2008 7 mths
  • Share Offer Sep 2008 13 mths
  • Planning Permission Feb 2009 18 mths
  • Abstraction Licence Mar 2009 19 mths
  • Works Started Jun 2009 22 mths
  • Screw Delivered Oct 2009 26 mths
  • Started Generating Dec 2009 28 mths

12
SET BACKS (we had a few!)
13
PUBLICITY (we had a lot!)
14
What Worked Well?
  • SMALL TEAM
  • CAN DO WILL DO Attitude
  • Relish the Challenge
  • Constant Communication
  • Quick Decision Making
  • Business Backgrounds
  • Complimentary Skills
  • Mutually Supportive
  • NEVER SAY DIE!
  • .....and we are still great friends!!!

15
OUR CUSTOMERS
  • Bridge End Mill
  • 12p per unit
  • Scottish Power
  • (via Co-operative Group Energy Services)
  • 5p per unit
  • Feed-In-Tariff
  • 18.7p per unit
  • Average Return
  • 24.75p per unit

16
ANNUAL INCOME
  • 180,000 units 44,550
  • 150,000 units 37,125
  • 120,000 units 29,700
  • 2010 Actual
  • 70216 units 17,380

17
ANNUAL SURPLUS
  • Depends on your overheads!
  • Loan Interest Repayments
  • Return to Shareholders
  • Lease
  • Rates
  • Insurance
  • Professional Fees
  • Computer Telecoms
  • Maintenance
  • etc

18
CHALLENGES
  • Lack of Rain!
  • Cash Flow Management
  • Improving Efficiency
  • Environment Agency
  • Fish Legal
  • Breakdowns
  • Administration
  • FITs Payments
  • Time Money!!

19
AWARDS
  • 2011 Climate Week Awards
  • "Best Community Initiative
  • 2010 Yorkshire Post Awards
  • "Community Environment" Award
  • 2010 Rural Yorkshire Awards
  • "Green Business" Category
  • 2010 Yorkshire Humber Market Town Awards
  • "Partnership Strategic Working" Category
  • 2010 British Renewable Energy Awards
  • "Community" Category
  • 2010 Yorkshire Forward Awards
  • Creating Better Futures Category
  • 2010 Yorkshire Humber Market Town Awards

20
A Revolution in Energy Production
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