Brighton Energy Co-operative

Last updated

Brighton Energy Limited
Company typeCommunity Benefit Society
Industry Renewable Energy
Founded15 November 2010
Headquarters
Brighton, England
Key people
  • Will Cottrell (Chair)
  • Damian Tow (Secretary)
Revenue£408,464 (2022)
Total assets £3,174,191 (2022)
Total equity £3,017,386 (2022)
Members604 (2022)
Number of employees
3 (2022)
Website brightonenergy.org.uk
Footnotes /references
https://www.brightonenergy.org.uk/documents/

Brighton Energy Co-operative (BEC) is community co-operative based in Brighton, England that exists to promote, build and run renewable energy projects in its locality. These include mainly the provision of solar photovoltaic systems onto school, community, municipal and industrial sites, plus also electric vehicle charging points and environmental education programmes in nearby schools.

. [1] [2] [3]

Since its formation in 2010 the co-operative has raised over £3m in small scale investments from its 600+ members through community share and bond issues to fund the installation of the systems. [1] [4] [5]

Recently BEC has introduced and administered a grant programme for participating local SMEs to install solar PV schemes onto their business premises. [6]

The solar arrays produce low-carbon electricity which attracts Feed in Tariff payments, and creates income by exporting some of the power to the National Grid, with some being sold directly to the sites hosting the equipment.

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References

  1. 1 2 "Brighton Energy Co-operative announces a raft of new projects". Co-operative News. 16 January 2019. Retrieved 6 February 2021.
  2. "Community Solar Energy Projects". Brighton Energy Cooperative. 1 November 2010. Retrieved 6 February 2021.
  3. Hadfield, Miles (15 February 2024). "Brighton Energy Co-op starts generating solar at port of Newhaven". Co-operative News. Retrieved 29 May 2024.
  4. "About Brighton Energy Coop". Brighton Energy Cooperative. 6 September 2010. Retrieved 6 February 2021.
  5. Thurston, Alban (8 August 2023). "Brighton Energy co-op raises £700k in a month from small investors | theenergyst.com Brighton, co-operative, co-op, bond, debt, investor theenergyst.com". theenergyst.com. Retrieved 29 May 2024.
  6. Thurston, Alban (27 October 2021). "Brighton co-op secures EU cash for SMEs' solar arrays | theenergyst.com co-operative, solar, array, SMEs, grant, EU, regional fund, Brexit, initiative Brighton co-op secures EU cash for SMEs' solar arrays". theenergyst.com. Retrieved 29 May 2024.