OVER £50,000 has been pledged by local individuals into a project that would see the River Esk generating electricity.
Members of Esk Valley Community Energy Group have launched a share issue to raise £320,000 to install a 50kw hydroelectric turbine at Ruswarp.
Using a screw type mechanism the force of the river flow would be generate enough energy to power local homes.
Interest in the project which was revealed earlier this year has been gathering pace following two share events at Whitby and Danby.
Applications from people wanting to become involved, with the price of shares ranging from £250 to £20,000 have been coming in on a daily basis and the share issue will close on Sunday.
It is hoped that as well as producing enough green energy to reduce carbon emissions the project will make enough money to finance future green projects.
The group also says that surplus money earned from the production of electricity will be used to develop and operate a grant system to assist local people with the installation of solar, wind and water energy generating systems, promote green energy educational programmes, and provide green energy apprenticeships.