Hive Power provides anyone with the possibility to create and manage energy communities on the Ethereum blockchain.
Hive Power develops a turnkey solution for the creation and management of local energy communities on the blockchain, called Hives. A Hive is a distributed energy market platform regulated through smart contracts where every prosumer can buy and sell electrical energy.
Like in the real world, a Hive is composed by a set of Workers, who provide for the livelihood of the “colony”, and a Queen, who rules and coordinates them. The Workers consist of blockchain-enabled smart meters, which allow their users to participate in the local market and interact with it through an User App. Each Hive has an Administrator who sets it up and manages it. The management of Hives is performed using an Admin App, which provides access to a smart contract called the Beekeeper.
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 production 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 voltage 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.
The goal of Hive Power is to create energy sharing communities where all participants are guaranteed 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) market 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 operate safely and cost-effectively by ensuring a fair and resilient energy market for all actors involved
Hive Power platform is open to third-party hardware and software manufacturersю
The platform design complies with grid constraints on power quality, current limitation and peak shaving.
The market design enhances the cooperation between users, promoting the usage of solar energy and batteries.
Efficient integration of Hive Power platform in microgrids, enables safe operation and optimal asset management.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Contribution Period —
12 Jun 08:00 UTC
30 Jun 08:00 UTC
|0.000411 ETH||10% - 30%||-||1,000,000 USD||11,756,993 USD|
Pre-Allocation Period —
01 Jan 00:00 UTC
08 Jun 00:00 UTC
Royal Jelly: 5'000'000 HVT - 30% bonus (1 ETH = 3'161 HVT)
Honey: 20'000'000 HVT - 10% bonus (1 ETH = 2'675 HVT)
Propolis: 25'000'000 HVT - 0% bonus (1 ETH = 2'432 HVT)