Title: Steve Amphlett
1A Revolution in Energy Production
Steve Amphlett
2The 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
5LEGAL 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
6COST
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
7SOURCE OF FUNDS
- Grants 135,000
- Shares 135,000
- Loans 145,000
-
- 415,000
8GRANTS
- Key Fund Yorkshire 10,000
- Yorkshire Forward 75,000
- CO2Sense Yorkshire 50,000
9SHARES
- 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
10LOANS
- Charity Bank 125,000
- Key Fund Yorkshire 20,000
1128 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
12SET BACKS (we had a few!)
13PUBLICITY (we had a lot!)
14What 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!!!
15OUR 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
16ANNUAL INCOME
- 180,000 units 44,550
- 150,000 units 37,125
- 120,000 units 29,700
- 2010 Actual
- 70216 units 17,380
17ANNUAL SURPLUS
- Depends on your overheads!
- Loan Interest Repayments
- Return to Shareholders
- Lease
- Rates
- Insurance
- Professional Fees
- Computer Telecoms
- Maintenance
- etc
18CHALLENGES
- Lack of Rain!
- Cash Flow Management
- Improving Efficiency
- Environment Agency
- Fish Legal
- Breakdowns
- Administration
- FITs Payments
- Time Money!!
19AWARDS
- 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
20A Revolution in Energy Production