Brighton and Hove Energy Services Co-op (BHESCo) has raised £1mn from community investors, it has announced.
All funds raised – amassed since BHESCo’s first public share offer in June 2015 – have been directed towards low carbon energy projects, developed at no upfront cost to the co-op’s project customers. Over the last five years, BHESCo has completed 50 energy projects, including schools, colleges, a community centre and a church.
BHESCo Chief Executive and founder, Kayla Ente, said: “BHESCo has 300 members who have expressed their confidence in investing their hard-earned money into clean, local energy projects. Added together our projects will save local residents and businesses nearly £2mn over the next 20 years, in addition to reducing CO2 emissions in the city by 5,367 tonnes – equivalent to taking over 1,000 cars off the road.”