In this Research Note, we examine UrbanChain, a Manchester, UK-based startup recently named the 3rd fastest-growing UK technology company by Deloitte. The company is positioned as a provider of peer-to-peer energy services, enabling the rollout of renewable energy in commercial and industrial facilities to happen much faster. We review the company’s growth, external funding, and potential to disrupt the market for grid-interactive commercial buildings. UrbanChain Profile Founded by CEO Somayeh Taheri and COO Mo Hajhashem in 2017, UrbanChain’s peer-to-peer energy exchange platform uses integrated smart contracts via blockchain and machine learning to match generators of renewable energy and consumers on a half-hourly basis. This results in secure energy prices and secure physical flows for energy generators. The company has created a platform that cuts out the big energy suppliers and volatile wholesale markets. UrbanChain’s marketplace includes private companies, office buildings, industrial sites, local government organizations and hospitals. The company managed +200GWh of renewable energy exchange […]