UrbanChain provides a Peer-to-Peer energy exchange platform that utilizes blockchain and AI to connect renewable energy generators with consumers, facilitating real-time transactions. This system enables users to buy and sell 100% green electricity directly, making renewable energy more accessible and affordable.
Funding
$9.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional energy markets often lack transparency and direct connections between renewable energy generators and consumers, leading to inefficiencies and higher costs. Renewable energy generators may struggle to find buyers willing to pay fair prices, while consumers may lack access to affordable green energy options.
Solution
UrbanChain provides a peer-to-peer (P2P) energy exchange platform that directly connects renewable energy generators with consumers, facilitating real-time transactions. By leveraging blockchain and AI, the platform matches generators and consumers on a half-hourly basis, enabling businesses and individuals to buy and sell 100% green electricity directly. This disintermediated approach aims to make renewable energy more accessible and affordable for both generators and consumers.
Target Audience
The primary target audience includes renewable energy generators seeking direct access to consumers and corporate consumers looking to purchase affordable, 100% green energy.
Features
- Peer-to-peer energy exchange platform connecting renewable energy generators and consumers
- Half-hourly matching of energy supply and demand using AI algorithms
- Blockchain-based transaction recording for transparency and security
- Support for various renewable energy sources, including solar, wind, hydro, and CHP
- User interface for consumers to purchase green energy directly from generators
- Tools for generators to manage their energy supply and pricing