ICO REVIEW: Hive Power

HIVE POWER - Decentralized Energy Communities.

Hive Power is Building a Decentralized Energy Community Secured by Blockchain.
Hive Power provides anyone with the possibility to create and manage energy communities on the Ethereum blockchain

What Is Hive Power
Hive Power is a spin-off funded at University of Applied Sciences and Arts of Southern Switzerland (SUPSI) in August 2017 by a team of researchers active in the field of electrical load management, as a part of Swiss national center for electrical infrastructure (SCCER-FURIES).

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.

Hive Power Concept
Screenshot (65).png

Hive Power Vision
Our vision is to provide everyone with the possibility to create and manage electrical energy communities on the Etherum blockchain, creating a world of shared energy for a brighter future. The power sector is facing a paradigm change, moving from a centralized approach with big power plants (hydro, coal, gas and nuclear) leading the energy market to a decentralized scenario adopting distributed energy resources (DER), such as solar and wind.

We believe that the future electrical grid should be characterized by an increase of energy sharing between prosumers, consumers and electric utilities, optimizing the energy resource and the usage of the infrastructure. In several countries, the current unbundled situation allows the end-users to freely choose their energy supplier. In this context, enabling technologies like blockchain, and more specifically Ethereum, will allow decentralized prosumers to safely buy and sell electricity to each other at negligible marginal costs.

What makes Hive Power unique?
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.

How Hive Power Work?
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.

Screenshot (63).png

Revolutionary Protocol Features
Open Platform - Hive Power platform is open to third-party hardware and software manufacturers

Grid Friendly - The platform design complies with grid constraints on power quality, current limitation and peak shaving

Robust Market - The market design enhances the cooperation between users, promoting the usage of solar energy and batteries

Microgrids - Efficient integration of Hive Power platform in microgrids, enables safe operation and optimal asset management

Hive Power App
Screenshot (67).png

Manage your assets using the Hive Power app

Achievements

Demo Hive, the first testbed developed by our team and presented during the Energy Startup Day 2017 in Zurich, Switzerland on November 30th 2017

Winning the Pitch Competition held during the Blockchain2Business by Solarplaza conference

Hive Token (HVT)
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.

Token Info
Token - HVT
Platform - Ethereum
Type - ERC20
Price in ICO - 1 HVT = 0.25 USD

Bonus

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

Investment info
Accepting - ETH
Distributed in ICO - 50%
Soft cap - 1,000,000 USD
Hard cap - 11,000,000 USD

Roadmap
Screenshot (69).png