Hive Power
- Company typePrivate
- Founded2017
- HeadquartersManno, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Hive Power firmographics
Firmographics- Name
- Hive Power
- Legal name
- Hive Power SA
- Website
- https://hivepower.tech
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Hive Power industry classification
Industry- Product category
- Energy Management Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- EV Charging & Fleet VPP Aggregation (Managed Charging, V2G, Depot/Highway) (EUAFAHAC)
- akta.pro secondary industries
- VPP Optimization, Forecasting & Dispatch Software (AI/ML, Digital Twins) (EUAFAHAG), Aggregator-as-a-Service & White-Label VPP Programs (Retailers, OEMs, Utilities) (EUAFAHAK), Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community) (EUAFAHAA), Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation) (EUAFALAJ)
Keywords
Where Hive Power is headquartered
LocationHeadquarters
- HQ city
- Manno
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Hive Power business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- FLEXO SaaS Platform Subscription: Annual or multi-year subscription-based access to FLEXO platform modules including Virtual Power Plant, Smart Charging, Battery Monetisation, Energy Communities, and Local Optimisation. Revenue derived from licensing the AI-powered flexibility orchestration platform to enterprise customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS platform with modular capabilities |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Hive Power product offering
Product offeringCore offering
FLEXO is a cloud-based AI-powered Flexibility Orchestrator SaaS platform that connects distributed grid-connected assets (EVs, batteries, solar, heat pumps, smart appliances) to energy markets and grid services. The platform aggregates these assets into Virtual Power Plants and uses machine learning to optimize across multiple objectives including local self-consumption, energy market trading, and grid ancillary services. It serves EV OEMs, fleet operators, charge point operators, asset managers, and energy retailers across Europe.
Product overview
Hive Power's product portfolio centres on FLEXO, a cloud-based AI-powered Flexibility Orchestrator platform offered as a modular SAAS product. FLEXO serves as the core intelligence layer connecting distributed grid-connected assets (EVs, stationary batteries, solar inverters, heat pumps, smart appliances) to energy markets and grid services. The platform consists of the FLEXO core product plus five integrated modules: Virtual Power Plant (energy aggregation and demand response), Smart Charging (V1G, V2G, V2X), Battery Monetisation (BESS value stacking), Energy Communities (community management and incentive splitting), and Local Optimisation (building-level energy management). FLEXO Connect is an optional hardware bridge for device telemetry. White-label web and mobile apps provide end-user engagement and administrative controls. The platform processes real-time data including weather forecasts, energy market prices, and user behaviour through its AI engine to deliver energy forecasts, optimal scheduling, and multi-objective optimisation across markets and grid services.
Differentiator
Problem solved
Functional benefit
Brands
- FLEXO: AI-powered Flexibility Orchestrator platform for energy management, virtual power plants, smart charging, battery monetisation, energy communities, and local optimisation.
Products and services
- FLEXO (Flexibility Orchestrator)
Quantifiable outcome
- Up to €1,180 per year savings per EV through smart charging optimization
- +5 more outcomes
Companies that use Hive Power
Customer profileNamed customers15 records
Segments6 records
Ideal customer profiles5 records
Hive Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
AI capability6 records
Feature6 records
Hive Power partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- PlenitudecorePartnership for self-consumption and energy community management. Plenitude, an energy company, collaborates with Hive Power to offer innovative energy management services.
- Haier EuropecoreCollaboration demonstrating the potential of smart energy management within energy communities. Haier Europe works with Hive Power on energy management solutions.
- AMAGcoreAMAG uses Hive Power's FLEXO platform to aggregate their EV fleet as a Virtual Power Plant to balance the grid, whether vehicles connect at home, office, or beyond.
- AEM (Azienda Elettrica di Massagno)corePartnership on grid dynamic tariffs project that received Watt d'Or 2025 Special Jury Prize from Swiss Federal Office of Energy.
- AMB (Azienda Multiservizi Bellinzona)corePartnership on grid dynamic tariffs project that received Watt d'Or 2025 Special Jury Prize from Swiss Federal Office of Energy.
- Kwick EnergycorePartnership to introduce groundbreaking service facilitating efficient energy management for energy communities in Switzerland.
- 1254+ Device ManufacturerscoreExtensive integration ecosystem with 300+ manufacturers including ABB, Alfen, AlphaESS, Alpitronic, BYD, ChargePoint, Tesla, Volkswagen, Wallbox, and many more enabling FLEXO to connect to diverse hardware.
- BSP (Balance Service Provider) PartnerscoreFLEXO integrates with BSP partners to bring assets to ancillary markets without additional steps. Customers can also use their own BSP contracts.
Scale indicators3 records
Recent moves4 records
Expansion highlights6 records
Hive Power competitors and assessment
Company assessmentDirect peers
- EnergyHub: EnergyHub is a US-based DER management platform provider serving utilities with residential and commercial demand response, VPP, and energy management software. Directly comparable to FLEXO in target buyer (utilities, energy retailers), use cases (VPP aggregation, DR, smart charging), and SaaS delivery model.
- Virtual Peaker: Virtual Peaker provides a cloud-based DER management platform for utilities, focused on residential and commercial device orchestration including EVs, batteries, thermostats, and smart appliances. Closely overlaps with FLEXO's VPP and Smart Charging modules in functionality and customer profile.
- GridPoint: GridPoint is a building and DER energy management platform serving commercial enterprises and multi-site retailers with asset monitoring, optimization, and demand response. Comparable to FLEXO's Local Optimisation and asset manager-focused use cases across multi-site commercial customers.
Broad incumbents
- Tesla Energy (Autobidder): Tesla's energy business includes Powerwall, Megapack, and the Autobidder real-time trading and VPP platform that aggregates distributed batteries and solar. Competes with FLEXO's Battery Monetisation and VPP modules, with materially larger capital, hardware footprint, and geographic reach.
- Enel X Way: Enel X Way (now under Enel Group reorganization) operates one of Europe's largest EV charging networks and provides energy flexibility services, including VPP participation through its parent Enel's trading desk. Competes with Hive Power on EV fleet charging optimization and grid services across European markets.
- Octopus Energy (Kraken platform): Octopus Energy's Kraken platform manages millions of flexible energy assets (EVs, batteries, heat pumps) for retail and grid services across the UK, EU, and APAC. The Kraken Flex product competes directly with FLEXO's VPP orchestration capabilities and white-label SaaS model.
Emerging players
- Nuvve Holding Corp. Nuvve specializes in V2G aggregation platforms for EV fleets, enabling bidirectional charging revenue participation in grid services. Directly comparable to FLEXO's V2X smart charging module with a narrower geographic and customer footprint.
- Fermata Energy: Fermata Energy provides V2G and V1G software platforms for EV fleets and dealerships, enabling participation in demand response and ancillary services. Directly comparable to Hive Power's Smart Charging and VPP modules for commercial fleet use cases.
- Sunverge (Stryten Energy): Sunverge (now part of Stryten Energy) provides a residential DER aggregation and VPP platform combining hardware (smart batteries) with cloud orchestration software. Comparable to Hive Power's residential/community DER aggregation functionality and VPP-as-a-service model.
- KOKO Networks: KOKO Networks operates a distributed energy platform across East Africa, managing bioethanol cooking fuel and battery swap networks with embedded VPP and asset orchestration capabilities. Less direct overlap but comparable as an emerging energy orchestration SaaS player in adjacent geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Hive Power social profiles
Digital presenceHive Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hive Power leadership team
Management profileNumber of profiles
Profiles2 records
Hive Power funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hive Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hive Power
What does Hive Power do?
FLEXO is a cloud-based AI-powered Flexibility Orchestrator SaaS platform that connects distributed grid-connected assets (EVs, batteries, solar, heat pumps, smart appliances) to energy markets and grid services. The platform aggregates these assets into Virtual Power Plants and uses machine learning to optimize across multiple objectives including local self-consumption, energy market trading, and grid ancillary services. It serves EV OEMs, fleet operators, charge point operators, asset managers, and energy retailers across Europe.
Is Hive Power a public or private company?
Hive Power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hive Power founded?
Hive Power was founded in 2017. It employs 11 to 50 people.
Where is Hive Power based?
Hive Power is headquartered in Manno, Switzerland, in the Europe region.
How does Hive Power make money?
One revenue line is on record: FLEXO SaaS Platform Subscription.
Who are Hive Power's main competitors?
Direct peers on record are EnergyHub, Virtual Peaker and GridPoint. Broad incumbents are Tesla Energy (Autobidder), Enel X Way and Octopus Energy (Kraken platform). Emerging players are Nuvve Holding Corp., Fermata Energy, Sunverge (Stryten Energy) and KOKO Networks.
Does Hive Power have an API?
Yes. FLEXO provides comprehensive APIs that enable developers to connect existing apps and systems to the platform. The API allows access to energy usage and economic data, energy forecasts, smart billing, optimal scheduling, flexibility signals, notifications, and revenue/savings alerts. FLEXO acts as the intelligence layer bridging flexible assets with energy markets and grid services, with API integrations supporting inputs such as weather forecasts, power profiles, energy market data, user behaviour and preferences, usage insights, power profiles, system monitoring, and flexibility signals. Outputs via API include energy forecasts, smart billing, optimal scheduling, notifications, revenues, savings, alerts, and energy community incentive splitting. Developer documentation is at No Information.
What industry is Hive Power in?
Hive Power's product category is Energy Management Software. Its primary akta.pro industry code is EUAFAHAC, EV Charging & Fleet VPP Aggregation (Managed Charging, V2G, Depot/Highway), with a secondary code of EUAFAHAG, VPP Optimization, Forecasting & Dispatch Software (AI/ML, Digital Twins). Its NAICS code is 54151 and its SIC code is 7373.