Hive Energy Systems launches residential renewable energy storage soutions

by BPVA on 15 June 2017

Hive Energy Systems launches residential renewable energy storage soutions

HiVE ENERGY SYSTEMS (www.HiveEnergySystems.com) has developed a fully integrated, reliable, safe and cost-effective renewable energy storage platform designed for residential uses.

Following the success of its first commercial HiVE installation, HiVE has just installed its first residential unit in South Maui's "Maui Meadows" neighborhood. Designed to store one full day's energy needs in a single, pre-wired compact unit, and recharged with rooftop PV, the ground-breaking HiVE system will eliminate the resident's monthly utility bills. The first of over a dozen residential installations recently approved by Hawaii's utilities, HiVE could soon be providing a full day's backup power to residents statewide.

"HiVE's battery storage systems are the ideal solution for any off-grid or grid-tied residential application," says Abbas Akhil, CTO. "The HiVE design team is changing the face of today's energy marketplace by making residential energy storage viable, and cost-effective for home owners. HiVE residential storage systems eliminate the bottleneck caused by high penetration of residential rooftop PV on distribution feeders and provide energy to the home after the sun sets, HiVE could transition today's grid into a 100% renewable grid by giving home-owners a utility-friendly option for maximizing the use of their rooftop PV."

HiVE's revolutionary design efficiently converts solar and wind power into firm, steady, reliable power 24/7 and is an affordable platform that puts clean, renewable energy in every home - while greatly reducing energy costs. HiVE has the potential to eliminate all fossil fuel generated electricity and its related pollution while guaranteeing abundant supplies of future energy by eliminating reliance on imported fossil fuels.

With a fully deployed network of HiVE systems, this transformation is possible. And it starts in Hawaii, with the highest energy costs in the US and abundant solar and wind energy potential. Made in Hawaii, HiVE will enable Hawaii to achieve its aggressive mandate of 100% renewable energy by 2045. HiVE is the gateway solution that could transition today's electrical grid, because its intelligent, interactive control unit interconnects and communicates with other HiVE systems - effectively creating an entirely new digital grid of clean, firm, steady renewable power.

"All the energy in the earth's reserves of coal, oil, and natural gas equal just 20 days of energy produced by the sun - but only 1% of that solar energy is used to generate power," Akhil continues. "HiVE offers 24/7 energy independence at a cost that millions of homeowners, can afford. It's about time we start moving the electricity distribution system into the twenty-first century."

Selected to advance to the final round of the VERGE Hawaii Accelerate fastpitch showcase, HiVE Energy Systems will make a main stage presentation to VERGE Hawaii 2017: Asia Pacific Clean Energy Summit at Honolulu's Hilton Hawaiian Village on June 20, 2017.