Hive Power's FLEXO AI engine optimizes energy management for connected devices on the grid, including electric vehicle (EV) charging and energy communities. By utilizing data-driven algorithms, it enhances demand response and local energy consumption, enabling significant cost savings and improved grid efficiency.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing distributed energy resources, such as EV charging and renewable energy generation, presents challenges in optimizing energy consumption, responding to grid demands, and enabling efficient energy sharing within communities. Existing solutions often lack the data-driven intelligence needed to maximize cost savings and improve grid stability.
Solution
Hive Power's FLEXO AI engine provides a comprehensive platform for optimizing energy management across various connected devices and energy communities. FLEXO leverages data-driven algorithms to enhance demand response capabilities, enabling users to shift energy consumption based on grid signals and pricing. The platform facilitates local energy consumption optimization, allowing for better management of energy produced at the household level. FLEXO also supports the management of energy communities under multiple regulatory frameworks, ensuring compliance and maximizing benefits for all participants. By integrating smart charging solutions for EVs and aggregating distributed energy resources, FLEXO enables significant cost savings and improved grid efficiency.
Target Audience
The primary target audience includes energy communities, EV OEMs, EV fleet managers, charge point operators, energy service companies, and energy retailers seeking to optimize energy consumption, enhance grid stability, and unlock new revenue streams.
Features
- AI-powered engine for optimizing energy consumption and production across connected devices
- Smart charging module supporting V1G, V2G, and V2X technologies for electric vehicles
- Energy aggregation capabilities for demand response across cities, regions, or countries
- Community Manager platform designed for managing energy communities and optimizing assets within homes, the community, or the grid
- Local optimization module for managing consumption and storage for energy produced at the household level
- White-label web and mobile apps for customer engagement and management tools
- Smart charge calculator to estimate potential savings from optimized EV charging