Dr Somayeh Taheri
Using AI and distributed systems UrbanChain has created a new and totally transparent renewable energy market where renewable is the mainstream market, and consumers and generators can transact safely. The renewable energy market is called the P2P (peer-to-peer) Exchange System and assesses a buyer’s energy needs, finds renewable energy producers that can match needs and matches them (half-hourly) through UrbanChain products v-powerChain & eChain. UrbanChain is based at Manchester, England, and issues true carbon neutral bills (no greenwashing) that are at least 25% lower for consumers while producing at least 25% better margins for power producers. Among the corporate clients, there are large commercial and industrial corporates, housing groups, local authorities, and energy suppliers. With the p2p exchange model for housing groups, price offering to renewables is significant higher, power price is capped without exposure to the wholesale market, and the return on investment on micro generation assets significantly reduced.