READING HYDRO IS A COMMUNITY BENEFIT SOCIETY SET UP TO BUILD A RUN-OF-RIVER HYDROELECTRIC SCHEME AND HARNESS THE POWER OF THE RIVER THAMES
The scheme will generate renewable electricity using two Archimedes screw turbines beside Caversham weir in Reading. Construction started in Autumn 2020. We hope to install the turbines in spring 2021 and commission the system in the summer
WHAT MAKES UP READING HYDRO?
We are a community of people who share a common purpose – to create a locally-owned community asset and ensure a more sustainable future for the people of Reading. When restrictions allow, we meet as members, volunteer our expertise and participate in local events to spread the word on clean, sustainable energy.
Reading Hydro CBS is a cooperative business. We raised investment through community share offers. We’ll earn income by selling the renewable electricity generated from the hydro scheme, and also from the feed-in-tariff (FIT). This will cover our operating costs, provide a modest return to investors, and gradually pay back their investment. As a Community Benefit Society, any surplus will then be paid back to the community in the form of grants.
We are a technology- and science-led company, supported by experts in a range of construction, power generation and sustainability fields. Once the system is operating, we will provide open access data on the system performance, river flow and conditions.
Reading Hydro want to use our system to promote and share the benefits of renewable energy with the local community. We will be creating online education tools about hydro power and (when restrictions permit) will host visits of local schools and others to our site, for talks about clean energy and environmental conservation.