UrbanChain

UrbanChain

An innovative energy exchange system, harnessing the power of blockchain, AI and IoT, in order to create local energy markets.

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£50.0m

Series B
Total Funding000k

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GBP2024
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More about UrbanChain
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UrbanChain is a pioneering company in the UK's energy market, specializing in Peer to Peer (P2P) energy exchange services. The company enables consumers to buy renewable energy directly from generators at competitive prices and allows generators to sell their energy directly to consumers, bypassing traditional energy suppliers. UrbanChain's platform also empowers individuals and local authorities to create their own local energy markets, ensuring lower energy bills and 100% traceable green energy. The business model revolves around facilitating these transactions and earning a commission on each trade. UrbanChain serves a diverse clientele, including individual consumers, local councils, and renewable energy generators. Operating in the renewable energy sector, the company aims to democratize energy markets and promote sustainability. By leveraging advanced technology, UrbanChain ensures transparency, efficiency, and cost-effectiveness in energy trading. The company generates revenue through transaction fees and subscription services for premium features.

Keywords: Peer to Peer, energy exchange, renewable energy, local energy markets, competitive prices, transparency, sustainability, transaction fees, subscription services, UK market.

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