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Reading Hydro CBS was set up to generate renewable, low-carbon electricity from the power of the River Thames. To achieve this they designed, financed, built and now operate a hydropower scheme beside Caversham Weir in Reading, using Archimedes screw turbines.
They receive income by selling electricity to a local business and from the feed-in-tariff (FIT). This covers operating costs and provides a modest return to investors. Any financial surplus that they make is returned to the community as grants for environmental projects.