Reading Hydro is a Community Benefit Society (CBS). This means that we’re a democratic co-operative that serves our community by committing our profits back into local causes.
Our aim is to raise funds from local investors and community members to build twin Archimedes Screw hydroelectric turbines by Caversham Weir. With the money we make from selling our electricity to customers, we will be investing back to our Shareholders and into a range of local community projects.
Our 2019 AGM, hosted at the Thames Lido
Our membership comprises itself of ordinary people from all over the UK, enthused about what Reading Hydro is doing. Each have paid £1 to join up and each have a say and a vote at our AGM’s. All of our members have an open invitation to participate in our regular members’ meetings and Action Evenings.
The Directors, elected at our AGM’s from within the membership, lead the project forward. As Directors, they are held responsible for delivery and the general running of the Society and meet regularly to make sure everything is going to plan.
A number of relevant documents regarding our Community Benefit Society can be found below: