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