UrbanChain Company Research Report

Company Overview

• Name: UrbanChain Ltd

• Mission of the Company: To make energy affordable for all by providing accessible, traceable, and affordable green energy while leading the transition to renewable energy.

• Founding and Founders: Founded in 2017 by Dr. Mo Hajhashem (COO), Dr. Somayeh Taherih (CEO), and Dr. Ayesha Naureen (CIO).

• Key People:

• Dr. Mo Hajhashem – Founder & COO

• Dr. Somayeh Taherih – Founder & CEO

• Dr. Ayesha Naureen – Founder & CIO

• Basim Basheer Thayyil – Commercial Manager

• Dr. Azhan Rashid – AI Engineer

• Helena Mapals – Operational Analyst

• Elvis Kara – Head of Service Operations

• Viktor Borovskyi – Front End Developer

• Huma Hussain – Management Accountant

• Headquarters: BASE Manchester Science Park, Greenheys Lane, Manchester, M15 6LR, England.

• Number of Employees: No information is available.

• Revenue: No information is available.

• What the Company is Known For: UrbanChain is renowned as a leading provider of Peer-to-Peer (P2P) energy exchange services in the UK, specializing in simplifying renewable energy transactions using blockchain and AI technology.

Products

• Peer-to-Peer (P2P) Energy Exchange:

• High-Level Description: Utilizes integrated blockchain and AI to allow generators of renewable energy and consumers to transact directly, matching energy on a half-hourly basis.

• Key Features:

• Directly connects energy buyers, sellers, and prosumers.

• Facilitates 100% green electricity sales and purchases.

• Enables local authorities and private entities to create and manage local and private energy markets.

Recent Developments

• Recent Partnerships & Accolades:

• Joined a pioneering low-income household project (26/09/2024).

• Partnered with Blue Earth Summit (24/09/2024).

• CEO Dr. Somayeh Taherih recognized as a Northern Gamechanger (18/09/2024).

• UrbanChain expanded into BASE at Manchester Science Park (17/09/2024).

• Awarded a European accolade for innovation (06/09/2024).

• Committed to Local Energy Markets Alliance (25/07/2024).

• Secured an electricity supply license, marking a major milestone (05/06/2024).

• Partnered with Equans to deliver a virtual power plant (22/05/2024).

• Recent pivotal leadership hires to support restructuring and growth (22/05/2024).

• Promoted Elvis Kara to Head of Service Operations (14/05/2024).

• Appointed Clive Barton to drive exponential growth (17/01/2024).

• Strategic Moves:

• Revealed an acquisition strategy ahead of a planned IPO (07/11/2023).

• Continued steep growth trajectory as noted on 25/10/2023.

New Products/Features

• No specific new product launches or features have been explicitly noted in the provided data.

Market Contribution

UrbanChain creates custom energy markets that empower various stakeholders, including renewable asset developers, prosumer corporates, energy brokers, and consultants by offering innovative solutions such as Virtual Private Wire, which aids renewable developers in managing and monetizing energy assets effectively.

Remarks

UrbanChain is viewed as a significant disruptor in the energy market, leveraging cutting-edge technology to challenge conventional energy market dynamics as per industry sentiment and testimonials. The company holds significant promise in supporting the transition towards a sustainable energy paradigm.

Contact Information: For further inquiries or media requests, UrbanChain can be contacted via email or at their Manchester headquarters.