Hive Power develops a turnkey solution for the creation and management of local energy communities on the blockchain, providing an economic optimization for their participants by lowering their bills and valorizing their assets.
In collaboration with meter producers, Hive Power is building a blockchain ready energy meter, which allows to safely tokenize energy.
Differently from its competitors, in addition to the blockchain platform Hive Power also provides an efficient energy trading mechanism perfectly tailored to the use case of energy communities. The HONEY algorithm exploits customers’ flexibility to optimally match production and consumption, such that the community’s welfare is maximized and grid technical constraints are satisfied.
The Hive will consist of single household Workers and multi-family buildings, coupled to a low voltage grid in Switzerland. The Queen will be operated by the local Distribution System Operator.
Q1 2019 Hive Power 2.0
Innovative features such as access to the flexibility market and real time operation will be implemented to improve economic and technical performance. A microgrid testbed will be set up in a developing country.
Q1 2020 Hive Power 3.0
The Hive capabilities will be extended through new features, such as investment pools, auto topology discovery, self-healing (fault detection) and multi-owner Hives.