andrew king energy4all presentation
DESCRIPTION
As part of the Innovation Manchester Boardroom: The Formula for Cooperation Andrew King, CEO and Founder of Energy4All presented how a Cooperative model has worked for his organisation.TRANSCRIPT
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Andrew King Chairman, Energy4All
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•
1)1) Background. Why do we exist?Background. Why do we exist?
2)2) PrinciplesPrinciples
3)3) What do we do? What do we do?
4)4) Business Challenges?Business Challenges?
5)5) Achievements?Achievements?
6)6) LessonsLessons
ENERGY4ALL
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Background Why do we exist?
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PrinciplesWe seek to combine…..We seek to combine…..
Co-op / Environmental Co-op / Environmental Ethics Ethics
withwith
Business ProfessionalismBusiness Professionalism
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What do we do?
We ‘facilitate’ community We ‘facilitate’ community ownershipownership
Note: Sector CharacteristicsNote: Sector Characteristics
Why Co-ops? Why Co-ops?
Why Regulated offers?Why Regulated offers?
Why Wind?Why Wind?
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• Sector Issues – Scale / cost / Planning / Variables etc.– Deals with the devil?
• A minnow amongst sharks? – USPs? Unique / flexible / Co-op family
– Professionalism - vital– Earning a living – SME issues
• Ethics vs profits?– Members Motivations– Gearing dilemmas
– Democracy vs. effectiveness? Long term relationships
Business Challenges?
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Achievements?Since 2002……..
o 9 projects trading
o £14m equity raised + £ 7m borrowed
o >7,500 members
o Returnso Social / environmental
o Financial
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E4All Projects
MillenniumBen Aketil
BoyndieKilbraur
Fenland
Baywind
Westmill
FindhornCommunity Co-ops owning turbines
Community co-ops owning stakes
Also:
ENERGY PROSPECTS CO-OP
Pre-planning developments
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Key Lessons
• Co-op structure flexible and effective
• High skill / performance levels essential - credibility
• Huge latent support for community engagement
• Potential in many other sectors?
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Energy4All Core Structure 2010
Andrew KingChair
Marna McMillinCEO
Stephen AndrewsNon-exec
Annette HeslopAdmin / Accounts Director
Tammy / Steph / Sue / Claire
John MaloneEngland Dev Dir
Jon Halle
Mark JennisonScotland Dev Dir
Paul Phare
Mike SmythNon-exec
Simon WilliamsNon-exec