Torrs Hydro New Mills is on the site of the old Torr Mill where the rivers Sett and Goyt meet in the Torrs Riverside Park, New Mills, High Peak. Archie has been generating renewable energy since September 2008. This energy is sold to and used directly by New Mills Cooperative Food store on Church Road, New Mills with any additional electricity being fed into the National Grid. Torrs Hydro also receive Renewable Obligation Certificates (ROCs) for the electricity generated. The site is managed on a daily basis by a maintenance team of local volunteers with the backup of expert help as required.

Formed in 2007, Torrs Hydro is a Community Benefit Society and follows a set of rules for governance and an approved code of practice recommended by the Financial Conduct Authority. Torrs Hydro operates on a "one member, one vote" principle regardless of the number of shares held. The rules do not allow the distribution of profits on assets to the members at any time, but they do receive interest on the share capital at such rate or rates as may be determined by the Board of Directors from time to time and agreed at the AGM; the interest will be set at a level that allows the society to contribute financially to the local community through grants. Directors are appointed at the Annual General Meeting (AGM). They are appointed for up to 3 years. The directors do not receive any remuneration for their work as a director other than incurred expenses. The society has no paid staff.

Our aims are to:

  • Help regenerate the community and environmental sustainability of the New Mills area
  • Provide an opportunity for public-spirited people and organisations to contribute financially to the community, with the expectation of a social dividend, rather than personal financial reward

Examples of the ways in which Torrs Hydro are carrying out its aims include:

  • Operating a grant system, the Torrs Hydro Community Fund, which is funded by the revenues produced by generating electricity
  • Offering regular public open afternoons and hosting visiting schools
  • Providing knowledge, experience, mentoring and encouragement to other prospective hydroelectric schemes

Rules of Torrs Hydro New Mills Limited

Torrs Hydro Data Protection Policy

New Share Offer: open 24 Dec 2020 to 31 Jan 2021