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 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
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
Feel free to just pop along, no registration needed. We look forward to meeting you or if you cant make it, you can email us at reading.hydro.cbs@gmail.com
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 (0.94kg/kWh) electricity that it will replace.
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.
Yes you can. If you buy for someone aged over 16, they hold the shares themselves and become a member of Reading Hydro. You may want to buy for younger children or grandchildren, since Reading Hydro is a long term investment with a return that will span the generations. In this case, you hold the shares until the child reaches the age of 16.
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.
In short, no. Our business case is based on expert advice, historical river data and cautious assumptions on future costs and prices. From this, we’ve estimated the annual return to shareholders, the rate at which we will repay your capital, and the amount available for community benefit. But these cannot be guaranteed because, as with any project, there are risks. We’ve outlined the risks in the share offer document, and you should read these before you invest.
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.
Individuals aged over 16, companies and organisation may apply for shares. Parents and grandparents may hold shares in their own name for younger children, until the reach the age of 16. Anyone may apply for shares. However, one aim is to benefit the local community so if the share offer becomes oversubscribed, we will give priority to applications from Reading residents living in Reading Borough Council or postcode areas RG1-6 and RG30-31, and to those who have pre-registered their 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.
We would like to say a huge thank you to Reading Farmers Market who so kindly let us come to their events. We were able to speak to lots you from the local Reading community and tell you all about our exciting hydro power scheme.
We plan to be there again on the 1st February, Come an see us there!
The Cattle Market, Great Knollys Street, RG1 7HD, from 8.30am – noon
We would like to invite you to our Open Information Sessions. This is a chance for you to meet our Directors and to ask any questions you have on Reading Hydro, the Share Offer and the hydro-power scheme that we want to build on the river Thames, by Caversham Weir.
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
Please feel free to pop along, no registration needed. We look forward to meeting you or if you cant make it, and have questions, please email us at reading.hydro.cbs@gmail.com
The hydro will usually generate electricity 24/7. However, generation will stop when the river’s flowing so fast that there’s not enough ‘head’ of water between the inlet and the outlet. We may also be required to stop if the river flow is very low. In our business plan we’ve modelled electricity generation using historic data on head and flow at the site. The hydro scheme should generate about 320MWh of renewable electricity each year: that means that on average it works at 79% of its maximum power output. Generation is likely to be a bit higher in the winter than in the summer, which fits with when the UK most needs electricity. We hope to start generating next winter.
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.