steve amphlett a revolution in energy production
TRANSCRIPT
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Steve Amphlett
A Revolution in Energy Production
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The Team“just the two of us – but with lots of support”
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“a recycling of our industrial heritage”
Micro Hydro-Electric Scheme
18th Century Bridge End Mill
Redundant Mill Race
River Ribble2000yr old Archimedean Screw Technology
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OUR OBJECTIVESGenerate & Sell
Sustainable ‘Green’ Electricityto
Generate Sustainable
Funding for Community Projects&
Generate Publicity for our Townwhich will contribute towards the
REGENERATION OF OUR
LOCAL ECONOMY
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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
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COST
£415,000(28% more than initially estimated!!)
Screw £75,000Construction £200,000Sluice Gate + Commissioning £15,000Control System £10,000Meters + Grid Connection £40,000Feasibility + Project Management £50,000Other £25,000
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SOURCE OF FUNDS
Grants £ 135,000
Shares £ 135,000
Loans £ 145,000
========
£ 415,000
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GRANTS
Key Fund Yorkshire £10,000
Yorkshire Forward £75,000
CO2Sense Yorkshire £50,000
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SHARES
• Share Offer Launched: 6th Sept 2008
• Share Offer Closed: 15th Dec 2008
• Funds Raised: £135,000
• Number of Members: 158• 45% £250• 45% > £250 to £1000• 10% > £1000 to £20,000
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LOANS
Charity Bank £125,000
Key Fund Yorkshire £20,000
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28 Months“and that’s 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
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SET BACKS (we had a few!)
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PUBLICITY (we had a lot!)
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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!!!
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OUR CUSTOMERS
Bridge End Mill12p per unit
Scottish Power (via Co-operative Group Energy Services)
5p per unit
Feed-In-Tariff18.7p per unit
Average Return24.75p per unit
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ANNUAL INCOME
180,000 units = £44,550150,000 units = £37,125120,000 units = £29,700
2010 Actual70216 units = £17,380
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ANNUAL SURPLUS
Depends on your overheads!Loan Interest & Repayments
Return to ShareholdersLeaseRates
InsuranceProfessional Fees
Computer & TelecomsMaintenance
etc
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CHALLENGES
Lack of Rain!Cash Flow Management
Improving EfficiencyEnvironment Agency
Fish LegalBreakdowns
AdministrationFITs PaymentsTime & Money!!
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AWARDS2011 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
Regional Winners
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A Revolution in Energy Production