Hive Power: 10 Key Things You Must Know

Overview

Hive Power is a pioneering Swiss technology company specializing in advanced smart grid solutions that leverage blockchain and artificial intelligence to optimize energy management, with a particular focus on electric vehicle (EV) charging, virtual power plants, and energy communities. Founded in 2017, Hive Power aims to facilitate the energy transition by enabling decentralization, digitalization, decarbonization, and democratization of energy systems. Through its AI-driven FLEXO platform and blockchain-enabled marketplaces, Hive Power empowers utilities, grid operators, fleet managers, and energy communities to improve grid stability, enhance renewable energy integration, and create new revenue streams. The company’s innovative approach has garnered significant industry recognition and funding, positioning it at the forefront of the evolving energy landscape.

In this article, explore the essential facets of Hive Power — from its origins and core technologies to its market impact, applications, and future outlook — providing a comprehensive understanding of this dynamic energy technology leader.

1. Origins and Mission

Hive Power was founded in 2017 in Switzerland by a team of experts in smart grids, data science, and optimization, including co-founders Gianluca Corbellini and Davide Rivola. The company emerged from a vision to harness digital and decentralized technologies—particularly artificial intelligence and blockchain—to transform traditional electricity distribution grids. Hive Power’s mission is centered on creating a customer-centric energy future characterized by the “4 Ds”: Decarbonisation, Digitalisation, Decentralisation, and Democratisation. By empowering users and grid operators with intelligent tools, Hive Power aims to optimize flexible assets such as EVs and renewable energy systems, fostering sustainable energy communities and smarter power grids.

2. Core Technology and Products

At the heart of Hive Power’s offering is FLEXO, an AI-powered engine designed to optimize anything connected to the power grid — from energy communities to smart EV charging stations. FLEXO uses machine learning algorithms to forecast energy demand, renewable availability, and electricity prices, enabling precise load balancing and grid flexibility management. Hive Power also develops white-label web and mobile applications that allow users to visualize and control their energy consumption and charging activities.

The company’s platform supports decentralized energy markets utilizing blockchain technology to ensure secure, transparent, and automated transactions between prosumers and utilities. Hive Power’s Community Manager module enables energy suppliers and distribution system operators (DSOs) to monitor and manage community self-consumption, optimizing grid performance while delivering economic benefits to end users.

3. Market and Industry Recognition

Hive Power has quickly gained traction in the European smart grids sector and has been spotlighted as one of the most promising startups to watch. Financial Times’ Sifted recognized it on the European smart grids market map in 2024, and in 2025, Hive Power won the Venture Awards in the TECH category. The company benefits from strong partnerships with leading players in energy and mobility, including collaborations with Axpo Group and AMAG in Switzerland to provide grid balancing through aggregated EV charging capacities.

The company has secured multiple rounds of investment, raising over $4 million, supported by investors such as the European Union, Techstars, Venturelab, and Venture Kick. This funding fuels its European expansion and ongoing innovation in smart energy management.

4. Blockchain-Enabled Energy Communities

One of Hive Power’s pioneering innovations is using blockchain technology to create decentralized local energy markets known as “Hives.” These blockchain-based energy communities enable prosumers—entities who both produce and consume energy—to trade electricity peer-to-peer with full transparency and security. Unlike traditional energy exchanges, Hive Power’s blockchain platform incorporates grid constraints such as cable power ratings and voltage limits, enabling a multi-objective optimization that balances economic and technical aspects of energy sharing.

This approach not only incentivizes collaboration among participants but also supports the stable and cost-effective operation of electrical grids amid growing renewable energy penetration and electrification of demand.

5. Smart Electric Vehicle Charging

Electric vehicle charging is a major focus area for Hive Power due to the increasing number of EVs and their potential to act as flexible grid assets. Hive Power’s FLEXO platform optimizes EV charging by factoring in renewable energy availability, electricity prices, and weather conditions to schedule charging times that maximize the use of green power while reducing costs. The platform’s algorithms can coordinate large fleets and public charging networks to provide ancillary services to grid operators, such as peak shaving and frequency regulation.

This capability provides EV fleet operators and manufacturers new revenue opportunities while supporting the grid’s stability and facilitating higher renewable energy integration.

6. Impact on Grid Stability and Renewable Integration

As energy grids face sharp fluctuations from intermittent renewable sources like solar and wind, Hive Power’s optimization tools play a critical role in enhancing grid resilience. By aggregating flexible assets and managing their operation via AI and blockchain-enabled controls, Hive Power enables dynamic balancing of supply and demand. This reduces the need for expensive grid reinforcements and fossil-based backup generation.

Its software solutions help DSOs forecast demand patterns, manage congestion, and dispatch flexibility services cost-effectively, accelerating the energy transition and enabling more sustainable and decentralized grid models.

7. Expansion and Global Presence

Though headquartered in Switzerland, Hive Power has expanded its presence across Europe, including Austria, Italy, Belgium, Spain, and Portugal. Its projects span various countries, demonstrating the scalability and adaptability of its platform to different grid architectures and regulatory environments.

The company is actively scaling up its FLEXO platform, supported by strong seed capital and strategic partnerships. Hive Power’s European expansion aims to bring its AI and blockchain-enabled solutions to broader markets, including the DACH region, the Nordics, and Benelux.

8. Strategic Partnerships and Collaborations

Hive Power collaborates with energy suppliers, grid operators, EV fleet owners, and hardware providers to jointly develop smart grid pilots and commercial implementations. Among its notable collaborators are Axpo Group, a leading Swiss energy firm, and AMAG Group, a prominent automotive group.

These collaborations leverage Hive Power’s technology to provide grid balancing services, optimize charging for vehicle fleets, and demonstrate business models that combine profitability with sustainability. Additionally, Hive Power engages with accelerator programs such as Techstars Torino’s Cities of the Future, enhancing its innovation footprint.

9. Funding and Investment

Hive Power has successfully raised significant funding rounds, including a €3.5 million seed round in 2025, backed by venture investors Axpo and Creadd Ventures, alongside the Swiss Technology Fund’s loan guarantees. This capital injection supports the scaling of its AI-based FLEXO platform and European market penetration.

The company’s ability to raise funds from notable industry players underlines investor confidence in its technology and market potential to transform energy management at scale.

10. Future Outlook and Industry Trends

Looking forward, Hive Power is well-positioned to capitalize on the accelerating trends toward grid decentralization, electrification of transport, and renewable energy proliferation. Its AI-driven and blockchain-enabled technologies address critical challenges such as flexibility management, energy trading, and grid stability, all pivotal for a sustainable energy future.

The company continues to enhance its platform capabilities, exploring integration with emerging distributed ledger standards, expanding into local and transactive energy markets, and broadening applications to include community energy systems and virtual power plants.

Hive Power’s vision aligns with the evolving 4D energy paradigm — Decarbonisation, Digitalisation, Decentralisation, and Democratisation — promising to facilitate the energy transition while delivering value to all stakeholders.

Conclusion

Hive Power epitomizes the innovative frontier in today’s energy sector, combining artificial intelligence and blockchain technology to revolutionize smart grid management, energy communities, and EV charging optimization. Founded in Switzerland with a global vision, Hive Power’s FLEXO platform and decentralized energy markets champion flexibility, efficiency, and sustainability in power systems grappling with renewable integration and electrification demands. Backed by robust funding and strategic partnerships, the company is expanding rapidly across Europe, bringing transformative solutions that balance technical grid requirements with economic incentives for diverse actors.

As the global energy landscape shifts toward more decentralized and customer-centric models, Hive Power’s technology empowers participants to actively contribute to grid stability and decarbonization. Its innovative applications herald a new era in energy management — one that is cleaner, smarter, and more inclusive. The question now is how Hive Power’s approach will shape the coming decades of sustainable electricity innovation, and which new markets and technologies it will pioneer next.