UrbanChain, The Manchester-based company, which empowers participants in the power sector to build their own clean energy markets, is on course to turnover £22 million over the next 12 months and intends to list on the AIM within five years.

Energy market disruptor UrbanChain has added six members of staff to its workforce. 

The Manchester-based company, which empowers participants in the power sector to build their own clean energy markets, is on course to turnover £22 million over the next 12 months. 

Derek Colley and Nicholas Boswell have joined the ranks as tech lead and strategic partnership manager respectively. 

Amber Shabbir, pricing analyst, Elvis Kara, account manager, Viktor Borovskyi, front-end developer and Huma Hussain, management accountant, have also been recruited. 

Founder and CEO Somayeh Taheri described UrbanChain’s aim to achieve ‘seamless operational efficiency and customer-focussed excellence’ as the driving factor behind the hires. 

“With our expansion very much progressing it is great to welcome so many talented people into the UrbanChain fold,” she said. 

“We are currently recruiting for positions including office manager, lead generator, operations analysts, operations assistant, finance assistant, TPI account manager and customer service executive, which will see our headcount increase to 30 by the end of 2023.”

Using integrated blockchain and AI, UrbanChain’s Peer-to-Peer (P2P) energy exchange matches generators of renewable energy and consumers on a half hourly basis – enabling businesses, organisations and people to sell 100% green electricity to others directly.

Manufacturers, meat processors, farms, local authorities, social housing associations, households, energy suppliers and private companies from multiple sectors including hospitality are all active in UrbanChain’s clean energy trading market. 

UrbanChain is based at Enterprise House, Manchester Science Park (pictured above), and is backed by leading global investment firm Eurazeo. 

The deeptech company is currently planning an overseas expansion and intends to list on the London Stock Exchange AIM market within the next five years.

Somayeh added: “UrbanChain is changing the monopoly in the energy market by building networks for all power sector participants who benefit from affordable, traceable and 100% green energy. Every participant in our P2P exchange wins as it is their market, they have control.”

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