HIVE POWER

adehilmne (25)in #hivepower • 7 years ago

Hive Power provides anyone with the possibility to create and manage energy communities on the Ethereum blockchain.

What is Hive Power?

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.

How it works

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.

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.

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

Microgrids

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

Manage your assets using the Hive Power app

ROADMAP

Q2 2018 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.

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 2020Hive 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.

Why Hive Power?

Enables the decentralized energy revolution Guarantees benefits for consumers and producers Enhances your local energy share Increases electrical grid reliability Optimizes your energy assets profitability Promotes sustainable energy consumption

Roadshow

Blockchain2Business Amsterdam 5-6 February 2018

10th Blockchain Meetup Milan 15 February 2018

Blockchain & Bitcoin Conference Geneva 21 February 2018

6th Ethereum Meetup Milan 9 March 2018

Blockchain Conference Zug 15 March 2018

Blockchain & Bitcoin Conference Tallin 22 March 2018

Crypto + ICO Summit Zurich 27-28 March 2018

Event Horizon 2018 Berlin 17-19 April 2018

Powertage Zurich 5-7 June 2018

1. Vision

Consumers and communities will be empowered to actively participate in the electricity market and generate their own electricity, consume it or sell it back to the market while taking into account the costs and benefits for the system as a whole — European Commission

2. Hive Power Platform

Hives is a turnkey solution for the creation and management of local energy communities on the blockchain which is developed by Hive Power. As every prosumer can buy and sell electrical energy a Hive can be called as a distributed energy market platform regulated through smart contracts. A Hive is also composed of a set of workers, who are providing for the livelihood of the “colony”, and a queen, who rules and coordinates them. The Workers consist of blockchain-enabled smart meters. Through a User App it allows their users to participate in the local market and interact with it. Administrator is there for each Hive who sets it up and manages it. Bee-keeper is an Admin App which performs the management of Hives as it provides access to a smart contact. An ERC20 utility token called the Hive Token (HVT) provides access to the Hive Power ecosystem.

Worker is the basic component of a Hive. A blockchain enabled electrical meter that measures energy production and consumption is known as a Worker. The Workeris equipped with a hardware oracle containing a cryptographically attestable anti-tampering sensor and acts as the interface between the prosumer and the electrical grid.

Each Hive is composed of a Queen. It collects the energy forecasts and coordinates the energy production and consumption of the Worker in the Hive. Collection of energy consumption and productionof data of the workers and handling the payments in the energy community are done by the Queen.

Each Hive is consisted of a unique Administrator. Administrator manages the local grid infrastructure and ensures that the Ethereum Meterdsre installed correctly.
Beekeeper is a smart contract that mediate the interaction between a Hive and its Administrator.

3. Tokens

There are two types of tokens required to operate the Hive Power platform. The first is the HVT token, which is used to create, control, and manage the operations of the Hives and the technical governance of the platform. The second type of token (a third-party stable token) is used for all transactions and payments within the Hive Power platform.

- 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 having a maximum supply and is created only once, during the upcoming crowd sale.

- Hive management

In order to create a new Hive an administrator requires HVTs. The administrator needs to send the required HVTs to the Beekeeper Contract to open a Hive. The Beekeeper Contract performs a “burn and stake” operation on the HVTs received. 50% of the HVTs are “burned”, meaning taken permanently out of supply, and the other 50% are “staked” inside the contract. The burn function is a mechanism discourage a Hive Administrator from performing unnecessary Hive management operations.

- Use cases

The Hive Power platform is used to optimize the behavior of workers and the management of energy produced by every node of the network. There are three main user cases for the platform.

• Self-consumption Communities (SCC) - Self-consumption Communities consist of a set of prosumers that exchange energy to maximize the group’s autarky. Electrical generators and consumers in this must be connected to low voltage feeders on the same substation. Condominium is an example of a SCC where the solar energy produced on the rooftop is consumed by the tenants.

• Micro-Grid - Micro-grids are groups of interconnected energy loads and distributed energy resources within clearly defined electrical boundaries as defined by United States Department of Energy. This acts as a single controllable entity with respect to the grid. There are two kinds of micro-grids which is operated within the Hive Power platform according to different smart-pricing schemes.
 Commercial and institutional (C&I) micro-grids
 Remote micro-grids

• Distribution Grid – the third is the low-voltage distribution grids. Here an entire geographical district is connected to the national medium-voltage grid, involving a few or possibly hundreds of prosumers with different profiles:
 Residential houses, with domestic energy loads and eventually controllable loads such as heat pumps and water boilers
 Commercial, such as offices, small shops and malls
 Industrial, with small factories consuming and producing a relevant quantity of energy