The Archimedes screw turbines are relatively simple and don’t need much maintenance. However, we will appoint contractors to keep the scheme working and well maintained. Members will be encouraged to check the inlets and warn us if debris is accumulating.
You can’t sell your Reading Hydro shares in the first 12 months. After that, you can only sell them back to Reading Hydro CBS. Investing in Reading Hydro is intended to be for the long term, and it’s at the discretion of the Directors whether shares will be bought back, and only if funds are available.
Fantastic breaking news – Reading Hydro has received a boost to our share raise, thanks to an offer of a £100k investment from Power to Change. With this we have reached our £700k target! Thank you so much to everyone who has invested.
Our share offer will stay open as stated to February 14th, but we may have to scale back applications for shares. To encourage community ownership, we will give priority to applications from Reading residents.
Once the scheme is up-and-running, we aim to offer 4% interest to investors each year (or at the rate of inflation if that is higher). The rate is not guaranteed, it will be agreed by Reading Hydro members at the AGM and depend on the income and costs during the previous year. You can invest and chose not to receive interest.
To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at reading.hydro.cbs@gmail.com if you have any questions.
A growing amount. 33% of UK electricity generation was from renewables in 2018, and that increased to 37% in 2019. Compare that with just 3% in 2000, and 7% in 2010.
To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at reading.hydro.cbs@gmail.com if you have any questions.
There are lots of hydro power schemes in the UK already using Archimedes screw turbines. We have learned and taken inspiration from them. There are five sites nearby on the Thames at Mapledurham, Osney, Sandford, Sonning and Windsor. Reading Hydro is really close to Reading town centre and the railway station, and by far the easiest one to visit!
To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at reading.hydro.cbs@gmail.com if you have any questions.
Our Open Information Session this lunchtime is at Reading Civic Offices, Bridge Street, RG1 2LU from 12 noon to 2pm. Please come along and ask us any questions you may have on the Reading Hydro project. No registration needed.
We look forward to meeting you or if you cant make it and have some questions, please email us at reading.hydro.cbs@gmail.com
Our share raise increased by more than £130,000 over the weekend. We’re getting close – more detail later this week.
Our Open Information Session this evening is at Watlington House, 44 Watlington Street, RG1 4RJ from 7.30pm – 9pm. Please come along and ask us any questions you may have on the Reading Hydro project. No registration needed.
We look forward to meeting you or if you cant make it and have some questions, please email us at reading.hydro.cbs@gmail.com