UrbanChain targets full US commercial scale by 2028
News
16 Sept 2025
Alex Bell
Sept 16 2025
UrbanChain, the UK’s fastest-growing CleanTech company, today confirmed it will reach full commercial scale in the United States by 2028, with a pilot project planned for next year.
This week, the CleanTech company’s co-founder Dr. Mo Hajhashem will be in New York with UrbanChain selected as one of only eight UK-based ClimateTech companies to participate in the Innovate UK Global Incubator Programme, delivered through Urban Future Lab at NYU Tandon and Greentown Labs.
The six-month accelerator helps UK startups fast-track US market entry by providing mentorship, in-market presence, and connections to investors, customers and partners.
Manchester Science Park-based UrbanChain directly connects renewable generators with consumers, enabling 24/7 traceable private energy markets insulated from wholesale price volatility. Its customers include industrial and commercial companies, office buildings, data centres, local authorities, housing associations, industrial sites, EV charging points and hospitals.
To date, the company has raised circa £20 million of equity and debt, with backing from Eurazeo, Innovate UK, and the UK Department for Energy Security and Net Zero.
UrbanChain ranked third in both The Sunday Times Tech 100 and the Deloitte UK Technology Fast 50, cementing its reputation as one of the UK’s most innovative CleanTech scaleups.
UrbanChain founders Dr. Mo Hajhashem and Dr. Somayeh Taheri
Dr. Somayeh Taheri, CEO and Co-Founder of UrbanChain, said:
“Our operating system is already proving transformative in the UK, providing price stability, traceability 24/7 and bankability to alternative energy sources and various energy users. Expanding into the US offers an enormous opportunity to internationalise our operating system at scale, tackling inefficiencies in one of the most complex energy systems in the world. The incubator programme is a timely gateway for us to engage directly with partners, investors, regulators and policymakers in the US.”
Dr. Mo Hajhashem, Co-Founder and Chief Commercial Officer, will attend the Innovate UK Global Incubator Programme in New York this week.
He added: “Being recognised among a select group of innovators through the Innovate UK Global Incubator Programme in New York is a strong validation of our model and impact. We are building the pathway to full US commercial scale by 2028. UrbanChain’s mission has always been to make clean energy accessible at scale - and we are now taking that mission to one of the world’s largest energy markets.”
