The document proposes an "Energy Pool" framework for funding the development and operation of a North Sea Supergrid through direct peer-to-peer investment and partnerships. It involves creating a custodian entity to hold assets, and issuing redeemable "Units" that represent ownership in the Energy Pool and can be redeemed for electricity production. This framework aims to finance renewable energy projects through monetizing future energy production without relying on public borrowing or traditional credit models.
23. Capital Partnership – direct Peer to Peer investment in productive assets 10/06/09
24. Hilton Capital Partnership ( > £1bn) Capital Partnership LLP 10 UK Hotels Gross Revenues Hilton Group Capital User Consortium LLP Capital Provider Bank Property Developer Hotel Specialist % % % % %
27. … Investors put in Financial Capital in money, or “money’s worth”… Assets Investors Ownership Financial Capital Custodian
28. … Managers provide Human Capital of time, expertise and experience.... Assets Investors Ownership Human Capital Financial Capital Managers Custodian
29. ..Users pay for the use of Capital Assets Investors Payment % % Use Managers Users Custodian
64. Consumers – the ability to lock in the price of future consumption 10/06/09
65. Units are hybrid – analogous to a futures contract but no expiry date, and no gearing.... 10/06/09
66. ....analogous to an Exchange Traded Fund Unit but redeemable in energy 10/06/09
67. What about Liquidity? Investors selling Units may not find Investor buyers.... 10/06/09
68. No Problem! Consumers will buy if the Unit price falls below electricity market price... 10/06/09
69. ...because they would profit by buying Units and redeeming them against consumption 10/06/09
70. Energy Pool 10 Giga Watts (Custodian) Unit Investors Consumers Equity Shares Managers, Governments electricity £, €, etc or Units Redeemed £,€, etc Units Units
95. Energy Pool has no adversarial contractual relationships – ‘contrats de mandat’ 10/06/09
96. ...it requires no legislation..... Master Partnership Financial Capital (Money, IP etc) Users Custodians (National) % % € 10/06/09 Human Capital ( Developers, Operators)