UrbanChain has revealed plans to roll out its proven model in the United States.
Graeme Cooper, who has enjoyed a storied career in the disruptive industries of telecoms and energy, will spearhead the UK headquartered company’s expansion into America.
Backed by investors including leading European investment group Eurazeo, Black Rock and KPMG, UrbanChain’s tech creates local clean energy markets to connect buyers and sellers. The company is now undergoing a Series B fundraise having recorded a turnover of £25 million in 2023-24.
Mr Cooper’s high-profile positions have included Head of Future Markets, National Grid and Executive Director, Fred. Olsen Renewables. He joins UrbanChain following his recent post as Global Vice President at Jacobs and is based in Boston, Massachusetts.
“I find it incredibly exciting to have been given this opportunity by UrbanChain founders Somayeh Taheri and Mo Hajhahsem,” said Mr Cooper. “UrbanChain’s journey over the past several years is unique and has seen them demonstrate innovation that actively enhances the energy transition time and time again.”
Cooper aims to show local electricity markets within the US the full capability of UrbanChain’s renewables model.
“Our rollout into the US will first focus on California, Texas and New England,” Mr Cooper said. “We are exploring and looking to pioneer in a country that is energy hungry, has great complexity of size, diversity of thought and one which has multiple energy markets within it.
“This US expansion is undoubtedly the greatest opportunity for UrbanChain to grow and scale at pace.”
Eurazeo became UrbanChain’s major shareholder last year with the company having also received significant backing from KPMG, Black Rock, the Department for Energy Security & Net Zero and Innovate UK.
UrbanChain’s marketplace matches generators of renewable energy and consumers on a half hourly basis. These include private companies, office buildings, industrial sites, local government organisations, hospitals and many more.
Somayeh Taheri, UrbanChain CEO and co-founder, said: “We’re delighted to be beginning our expansion into America. Our model is proven and has been tested through major global stress events.
“Graeme Cooper’s pedigree within our industry is exemplary and we’re very pleased that he is leading this next phase of UrbanChain’s journey as we look to scale, grow and help customers.”
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