en.Wedoany.com Reported - UK energy trading platform UrbanChain has signed a 15-year Corporate Power Purchase Agreement (CPPA) with AMPYR Distributed Energy, under which UrbanChain will offtake surplus electricity generated by AMPYR's UK solar installations and supply it to corporate customers seeking renewable energy. The agreement aims to simultaneously meet corporate demand for direct renewable electricity and solar developers' need for stable revenue.
Supported by Eurazeo, Innovate UK, and the UK Department for Energy Security and Net Zero, UrbanChain uses its trading platform eChain to match renewable energy generation with customer demand in half-hourly cycles, facilitating peer-to-peer energy trading. The CPPA was designed and facilitated by energy consultancy SoWatt, covering 3 GWh of solar electricity in the first year, with volumes expected to increase as AMPYR's distributed generation portfolio expands.
The agreement adopts a "pay-as-received" structure, where UrbanChain offtakes any unmatched generation, providing revenue certainty for AMPYR while maintaining supply to end users. The deal also includes pricing protection mechanisms designed to balance long-term stability with market flexibility. Charlie Parry, Chief Development Officer at UrbanChain, stated that this collaboration reflects growing market demand for interconnected energy systems that address cost, carbon reduction, and energy traceability. John Behan, CEO of AMPYR Distributed Energy, noted that the agreement supports continued investment in on-site renewable generation by providing greater certainty over the value of exported electricity, and that access to digital markets helps reach new customers.
This transaction is also the first agreement under the newly formalized commercial partnership between UrbanChain and SoWatt, with plans to develop similar renewable energy arrangements for businesses across the UK.
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