PROJECT PROFILE
Community Energy Sharing Platform
Key Project Players and Roles
Project Details
Project Country:
Switzerland
Project Phase:
Pilot
Project Status:
Developing
Key Dates
Date Announced:
April 16, 2018
Date Launched:
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Project End Date:
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Project Description
What does the project do and how does it work?
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.
Who is involved in the project and why?
The project is run by Hive Power and supported by The Future for Swiss Electrical Infrastructure Institute.
Where is the project located and what is the size of the region of impact?
Being piloted in Switzerland.
How far along is the project and are there relevant project milestones to consider?
On June 30th, 2018 the company did not meet it's ICO soft cap. This should set the project back considerably. In April 2019, Hive Power relaunched their website and look to be gaining more momentum after a minor pivot.
What are the value propositions associated with this project?
- Optimizes prosumer energy assets profitability - Enhances prosumer local energy share - Increases electrical grid reliability - Promotes sustainable energy consumption - Enables the decentralized energy revolution - Guarantees benefits for consumers and producers
What is the problem statement that is being addressed with this project?
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.
Industry Applications
Innovative Technologies Incorporated in the Project
UNDERLYING CONCEPTS
Concepts Utilized in Community Energy Sharing Platform
Concept Name
Concept Partners
Concept Phase
Concept Status
Date Announced
Date First Launched
Deployed in # of Projects
PROJECT INVESTMENTS
Investments Received for
Investment Description
Investors
Investment Amount
Investment Round
Announcement Date
IN THE NEWS
Articles about Community Energy Sharing Platform
LO3 Energy launches a New Partnership
Forbes
4/23/2019
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ADDITIONAL PROJECTS
Hive Power Project Associations
Project Name
Project Roles
Project Phase
Project Status
Date Announced
Date Launched
Project Location
Energy Scenario Planning Simulation
Advisor
Pre-Pilot
Developing
Jan. 1, 2019
Jan. 1, 2019
Switzerland