Brighton Energy Co-operative explained

Brighton Energy Limited
Type:Community Benefit Society
Foundation:15 November 2010
Location Country:Brighton, England
Industry:Renewable Energy
Revenue:£408,464 (2022)
Assets:£3,174,191 (2022)
Equity:£3,017,386 (2022)
Members:604 (2022)
Num Employees:3 (2022)
Homepage:brightonenergy.org.uk
Footnotes: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.[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.

Notes and References

  1. Web site: 2019-01-16. Brighton Energy Co-operative announces a raft of new projects. 2021-02-06. Co-operative News. en-GB.
  2. Web site: 2010-11-01. Community Solar Energy Projects. 2021-02-06. Brighton Energy Cooperative. en-US.
  3. Web site: Hadfield . Miles . 2024-02-15 . Brighton Energy Co-op starts generating solar at port of Newhaven . 2024-05-29 . Co-operative News . en-US.
  4. Web site: 2010-09-06. About Brighton Energy Coop. 2021-02-06. Brighton Energy Cooperative. en-US.
  5. Web site: Thurston . Alban . 2023-08-08 . Brighton Energy co-op raises £700k in a month from small investors theenergyst.com Brighton, co-operative, co-op, bond, debt, investor theenergyst.com . 2024-05-29 . theenergyst.com . en-GB.
  6. Web site: Thurston . Alban . 2021-10-27 . 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 . 2024-05-29 . theenergyst.com . en-GB.