Ham Hydro’s hydro-electric scheme is on track to start construction in April 2012. Current estimates for the cost of Europe’s biggest river hydro powered scheme are £2.8 million and a build time of approximately 6 months.
Fund-raising in January 2012 will enable investors to buy shares in the company and be have a chance to be involved in this pioneering renewable energy scheme.
Once live, the project should be capable of powering 600 homes and electricity will be sold back to the National Grid. According to the British Hydropower Association, Britain has enough potential hydro energy to power 1.4 million homes.
A recent Teddington Society-hosted meeting was attended by over 100 local residents who were interested in the scheme and posed some interesting questions. Working models of the Archimedean screw and presentations from project directors and The Environment Agency all helped inform attendees of the technical issues involved, environmental impacts and funding.