29 Nov 2016
BHESCo is finalising its feasibility project to install a heat network connecting a school, a conference centre and two homes that are burning heating oil because they are off the gas grid. Our project proposes generating heat from locally sourced wood chip. The highly insulated flow and return pipes deliver heated water efficiently through the system to keep the residents and students warm in winter. The project is estimated to reduce their consumption of heating oil by 63,000 liters per year, removing 114 tonnes of carbon emissions from the atmosphere each year.
This project was funded by the Rural Community Energy Fund (RCEF) is a £15 million programme, delivered by WRAP and jointly funded by the Department for Environment, Food and Rural Affairs (Defra) and the Department for Business, Energy and Industrial Strategy (BEIS). It supports rural communities in England to develop renewable energy projects which provide economic and social benefits to the community.
For more information on RCEF, visit http://www.wrap.org.uk/content/rural-community-energy-fund
02 May 2015
Brighton and Hove Energy Saving Co-operative (BHESCO) launched its bid to raise £1M to fund up to 10 community renewable energy and energy efficiency projects in Sussex.
When people put money into the co-operative, they become members and buy shares. For a minimum investment of £250, each investor receives a 5-7% year on year return. BHESCo has advanced assurance for the Enterprise Investment scheme giving 30% relief on the amount invested.
People who invest £500 will be able to claim £150 of that straight back in their next tax return. If the interest rate continues into subsequent tax years, investors will have doubled their money in 11 years. Moreover they will become part of a movement that helps reduce reliance on fossil fuels and contributes to a more sustainable future.
The offer was formally launched via Ethex, the UK’s award winning positive investment website. The minimum investment is £250 and the maximum is £100,000. To apply visit www.ethex.org.uk.
BHESCO’s share offer feeds into an innovative business model that forms a blueprint for energy groups across the country. By establishing a portfolio of services, including partnerships with energy suppliers, energy assessments and energy consultancy, the co-operative has successfully created a number of robust revenue streams. The model can be adopted in other towns and cities to ensure endurance of local energy groups.
The event has received coverage from local newspaper, The Argus and The Brighton & Hove Independent. The first installations include a biomass boiler for an independent school in Hove and a total retrofit of energy saving technology, including a solar array, for a social enterprise that manages affordable office spaces. BHESCO is also working with Brighton & Hove City Council to install solar on schools.
As well as benefitting from the government’s Feed-In-Tariff and renewable heat incentive – which guarantees a fixed price for community generated renewable energy for 20 years, the projects will also make significant savings on energy bills.
These factors combined give investors a 5% annual return on their investment, while enabling BHESCO to reinvest any profits in more community owned energy projects.
Kayla Ente, Founder and CEO said: “We’re used to thinking that doing good and making money are often opposed, especially when it comes to energy, but that doesn’t apply here. This is a win-win-win – Sussex gets more renewable energy while properties are made more efficient, cutting our carbon footprint and energy bills. Businesses and organisations we work with get cheaper energy, and the people who’s money makes it happen receive an interest rate that’s 10 times better than what they’re getting on their bank savings.”
Notes for Editors:
BHESCO (www.bhesco.co.uk) is a co-operative society registered with the Financial Conduct Authority registered number 32097R.
The offer is not affected by the FSMA 2002 regulations on public offerings on shares. For more information on community shares, see www.communityshares.org.uk
Community energy is a fast-growing sector of the activity, aided by the payment of the Government’s Feed-in-tariff and renewable heat incentive that guarantees a fixed price for 20 years, enabling BHESCO to reward its members with strong financial returns.
07 Apr 2014
Brighton & Hove Energy Services (BHESCo) have joined REPOWER Balcombe and the 13 other members of Community Energy South to launch renewable energy and energy efficiency projects across Sussex. The Peer-to-Peer community mentoring fund was awarded to OVESCO in Lewes, to support the newest members of Community Energy South, groups from Rye to Chichester, with their efforts to develop clean, renewable energy projects in their communities.
BHESCo is introducing a portfolio of projects that will be financed through a clean energy supplier share launch. The clean energy generated by our systems is purchased directly by the customer, ensuring the most efficient delivery of energy, so helping you save money. If you know of a commercial or industrial sized roof in the area, or your business is interested in renewable energy or energy efficiency and is looking for attractive financing options for the project, please get in touch with us.
If you run a business in the area around Hove Station, you may be interested in newest initiative to benefit Small and Medium sized businesses (SMEs).
First, we analyse your electricity consumption from your energy bills by installing electricity sensors, tracking your electricity consumption for a period of up to four weeks. After the tracking period is complete, we meet with you to introduce the energy efficiency measures we recommend to help you save money on your electricity bills. Upon agreement, our team of certified installers will fit the equipment for you, absolutely free. We will then measure the savings achieved for the same period of time to demonstrate that the products actually do what it says on the tin.
As a result of the monitoring programme, we will prepare a report of our findings and review that with you. At that point, you can either:
- purchase the energy savings equipment,
- we can remove it for you, or
- you can ask BHESCo to finance the equipment using our pay as you save model.
Contact us to start your free programme with BHESCo today!!