Vision
Providing the ability to create and manage electrical energy communities on the Ethereum blockchain is the vision of this. Hive Power lower the energy tariffs and reduce the payback time of renewable energy sources. As a service to system operators it allows selling flexibility to help them balancing the grid.
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.
Tokens
The Hive Power platform requires two types of tokens to operate it. The first one is the HVT token. It is used to create, control, and manage the operations of the Hives and the technical governance of the platform. The other one is used to do all the 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
Roadmap
The beginning of the Hive Power roadmap is launching a Token Generation Event, to finance the development and the implementation of an energy exchange platform for the aforementioned use cases. The first goal is to develop an open platform that can be used by any energy actor.
For More Information Visit
Website :https://blog.hivepower.tech/
Whitepaper :https://v.fastcdn.co/u/a25ac79a/29853262-0-Hive-Power-WP-1.3.pdf
Telegram : https://t.me/hivepower
Facebook :https://www.facebook.com/HivePower/
Twitter :https://twitter.com/hive_power
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