Steve Amphlett A Revolution in Energy Production.
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Transcript of Steve Amphlett A Revolution in Energy Production.
Steve Amphlett
A Revolution in Energy Production
The Team“just the two of us – but with lots of support”
“a recycling of our industrial heritage”
Micro Hydro-Electric Scheme
18th Century Bridge End Mill
Redundant Mill Race
River Ribble2000yr old Archimedean Screw Technology
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
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
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
SOURCE OF FUNDS
Grants £ 135,000
Shares £ 135,000
Loans £ 145,000
========
£ 415,000
GRANTS
Key Fund Yorkshire £10,000
Yorkshire Forward £75,000
CO2Sense Yorkshire £50,000
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
LOANS
Charity Bank £125,000
Key Fund Yorkshire £20,000
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
SET BACKS (we had a few!)
PUBLICITY (we had a lot!)
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!!!
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
ANNUAL INCOME
180,000 units = £44,550150,000 units = £37,125120,000 units = £29,700
2010 Actual70216 units = £17,380
ANNUAL SURPLUS
Depends on your overheads!Loan Interest & Repayments
Return to ShareholdersLeaseRates
InsuranceProfessional Fees
Computer & TelecomsMaintenance
etc
CHALLENGES
Lack of Rain!Cash Flow Management
Improving EfficiencyEnvironment Agency
Fish LegalBreakdowns
AdministrationFITs PaymentsTime & Money!!
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
A Revolution in Energy Production