Steve Amphlett

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A Revolution in Energy Production
Steve Amphlett
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The Teamjust 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 Ribble
• 2000yr old Archimedean Screw Technology

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• 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

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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 75,000 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
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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 gt 250 to 1000
• 10 gt 1000 to 20,000

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LOANS

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

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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

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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 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

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ANNUAL INCOME

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

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ANNUAL SURPLUS

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

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CHALLENGES

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

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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

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A Revolution in Energy Production