The agreement between UrbanChain and AMPYR establishes a long-term route to market for electricity from UK solar assets
The deal leverages digital energy matching to connect renewable generation directly with corporate demand
It ensures guaranteed offtake for AMPYR’s distributed generation assets, providing it revenue certainty
As businesses seek more direct access to renewable electricity and solar developers look for stable revenue streams, UrbanChain and AMPYR Distributed Energy have signed a 15-year corporate power purchase agreement (CPPA) to address the issue at both ends.
The deal covers surplus electricity from AMPYR's UK solar installations and supplies it to corporate customers seeking renewable energy.
Backed by Eurazeo, Innovate UK, and the UK Department for Energy Security & Net Zero, UrbanChain promotes peer-to-peer energy trading through its exchange platform eChain. It has signed the CPPA with AMPYR for the offtake of surplus electricity exported from the latter's UK solar installations. The platform matches renewable energy generation with customer demand on half-hourly basis.
The deal, structured and originated by energy consultancy SoWatt, will initially cover 3 GWh of solar power in its 1st year, with volumes expected to increase as AMPYR expands its distributed generation portfolio.
Charlie Parry, Chief Development Officer at UrbanChain, said the partnership reflects increasing demand for connected energy systems that address cost, carbon reduction and energy traceability.
AMPYR says the arrangement includes a pay-as-received structure, under which UrbanChain will offtake any unmatched generation. This provides AMPYR with revenue certainty while maintaining supply for end users. It also includes pricing protection mechanisms designed to balance long-term stability with market flexibility.
John Behan, CEO of AMPYR Distributed Energy, said the agreement supports continued investment in onsite renewable generation by providing greater certainty over the value of exported electricity. He added that access to a digital marketplace expands its reach to new customers.
The transaction also marks the maiden agreement under the newly formalized commercial partnership between UrbanChain and SoWatt, under which they aim to develop similar renewable energy arrangements for businesses across the UK.