Hive Power - Shared Energy for a Brighter Future
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.
Hive Power runs on the Ethereum blockchain, making use of multi-party off-chain channels for fast and cost-effective transactions. Energy transactions are paid with third-party stable tokens.
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 power sector is facing a paradigm change, moving from a centralized structure with big power plants (hydro, coal, gas and nuclear) to a decentralized scenario of distributed energy resources (DER), such as solar and wind. Within this framework, a new actor is emerging, the prosumer, i.e. households or organizations which at times produce surplus energy and feed it into a distribution network; whilst at other times (when their energy requirements outstrip their own production) they consume energy from that grid. The transition to a prosumer-driven electrical grid can be quite bumpy . The lack of centralized planning and the increase of intermittent electricity pro- duction in the lower levels of the grid due to the penetration of solar generation raise the stress on the electrical distribution grid. This can lead to severe power quality problems, especially volt- age violations and line congestions, with which the distribution system operators (DSOs) need to cope. These problems are intensified by the increase of electricity consumption due to electrical heat pumps and electric vehicles, which further increase power oscillations within the distribution grid.
To overcome this problem significant investments in the grid infrastructure are expected. This could trigger a so called business “death spiral”, or “grid defection” [2, 3] because prosumers reduce their regular energy consumption from the central grid in favor of energy they produce themselves. In addition, they can install batteries to further increase their energy independence. Most likely, these customers will still depend on the central grid for emergency or peak power use, so electric utility companies will have to operate their costly infrastructure and power-generating capabilities even as revenues from energy consumption decline. This bleak scenario is not the future we want for ourselves or our children: a future with a widening gap between autonomous prosumers, almost totally disconnected from the rest of the grid, and simple energy consumers forced to pay for a more expensive and inefficient grid.Hive Power envision a future electrical grid characterized by an increase in the exchange of energy between prosumers, consumers and electric utilities, optimizing the use of energy resources and infrastruc- ture. In this context, enabling technologies like blockchain will allow decentralized prosumers to safely buy and sell electricity to each other at negligible transaction costs. New aggregators exploit- ing this technology can act as energy suppliers and compete in the global market. In this context, distributed energy storage systems (DESS) can also participate in the energy market and thanks to their high flexibility, they could quickly respond to dynamic price signals. This represents a big opportunity for substantial cost savings for the end user.
The Hive Token (HVT) is a standard ERC20 Ethereum token managed by a smart contract. The HVT token is used for the creation and management of Hives, including the registration of Ethereum Meters within a Hive, and participation of the Hive Administrator in the technical governance issues of the Hive Power platform. HVTs have a maximum supply (100’000’000) and will be created only once, during the upcoming crowdsale.
Price in ICO: 0.25 USD
30% Royal Jelly 5'000'000 HVT 1 HVT = 0.192 USD
10% Honey 20'000'000 HVT 1 HVT = 0.227 USD
0% Propolis 25'000'000 HVT 1 HVT = 0.250 USD
Tokens for sale: 100,000,000
Distributed in ICO: 50%
Soft cap: 1,000,000 USD
Hard cap: 11,750,000 USD
Hive Power 1.0
- 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.
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.
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.
The goal of Hive Power is to create energy sharing communities where all participants are guar- anteed to benefit from their participation, and at the same time achieve a technical and financial optimum for the entire community. This is achieved by devising a (mathematically sound) mar- ket mechanism that incentivizes the participants to collaborate with each other by coordinating their energy production and consumption. In contrast to other energy exchange market schemes, the Hive Power platform takes also into account technical aspects, such as cables, power rating, and voltage limits in order to provide an optimal solution that achieves multiple objectives. Hive Power is perfectly designed for the current grid configuration, enabling the electrical grid to op- erate safely and cost-effectively by ensuring a fair and resilient energy market for all actors involved
: Wir shtrez22