Target Success £700,000 raised.
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.
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.
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.
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!
Our Open Information Session this lunchtime is at Reading Civic Offices, Bridge Street, RG1 2LU from 12 noon to 2pm. Come along and find out about the Reading Hydro project. No registration needed. We look forward to meeting you. #rdguk #sustainable #greenenergy
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 …
Hello, just a quick reminder of our Open Information Sessions over the next couple of days. If you would like to find out more about Reading Hydro, please come along and see us.
Monday 27th January from 7.30pm – 9pm at Watlington House, 44 Watlington Street, RG1 4RJ
Tuesday 28th January from 12.30pm – 2pm at Reading Borough Council Civic Offices, Bridge Street, RG1 2LU
There will be carbon emissions from the construction of the hydro plant, but once operating it generates zero-carbon electricity. Averaged over construction and its operating life, a run-of-river scheme like Reading Hydro produces about 0.01 kg of CO2-equivalent for every kWh of electricity generated. That’s far lower than the gas fired (0.45kg/kWh) or coal fired (0.94g/kWh) electricity that it will replace.