Press Releases
2012
02/28 - Leading Solar Module OEMs To Display Next-Generation Tigo Energy Technology During PV Expo Japan2011
12/12 - Tigo Energy® Raises Additional Capital Resources To Accelerate The Growth Of Their Solar Smartmodules12/05 - Eclipsall and Tigo Energy® Announce Supply Agreement
10/19 - Tigo Energy® Partners With Leading PV Module Manufacturers To Deliver Solar Smart Modules
05/25 - Tigo Energy® Named Intersolar Award 2011 Finalist In Photovoltaics
04/06 -Tigo Energy® Expands Executive Team With The Addition of a Chief Financial Officer
2010
10/07 - SunPower takes different track with smart modules: special interest group to set standards10/05 - Tigo Energy® and Suntech Collaborate to Develop Smart Panel Technology for Photovoltaic Solar Installations
09/30 - Tigo Energy® Teams with SCHOTT Solar to Bring Electronic Intelligence to Photovoltaic Projects
07/12 - REC Solar Offers Tigo Energy® Maximizer Solution for Commercial and Residential Solar Installations
06/08 - Tigo Energy Closes $10 Million in New Financing to Fuel Global Sales Growth
03/03 - Tigo Energy Accelerates International Expansion
2009
10/19 - CEC Officially Lists Tigo Energy’s Maximizer ES and EP As Eligible Products09/22 - Tigo Energy Introduces Latest Product Addition to the TIGO Energy® Maximizer Family at PVSEC in Hamburg
09/10 - Tigo Energy Named a Global Cleantech 100 Clean Technology Company
07/13 - Intersolar News: Tigo Energy Inc. Announces Key Distribution Partner for the Tigo Energy® MaximizerTM System
05/26 - Tigo Energy Reaches Key Milestones and Raises $10 Million “B” Round Financing
04/21 - Tigo Energy: Presenting Company At Alternative Energy Innovations Is Named A 2009 FiReStarter
01/27 - Tigo Energy Adds Three Prominent Renewable Energy Industry Veterans to Board of Advisors
2008
10/14 - Tigo Energy Opens Israeli Office & Names Industry Veteran Modi Avrutsky To Oversee Operation08/28 - Tigo Energy Taps Expertise of Jeff Krisa For Key Sales & Marketing Role
07/15 - Gary Gerber to join Tigo Energy'S Board of Advisors
06/03 - Tigo Energy Announces $6 Million Funding
Gary Gerber to Join Tigo Energy's Board of Advisors
Los Gatos, CA – July 15, 2008 – Tigo Energy (www.tigoenergy.com), the solar company whose technology increases efficiency in photovoltaic solar installations, has been named a solar company to watch by industry veterans. In a sign of confidence, Gary Gerber, President and Founder of Sun Light and Power, one of northern California’s leading solar installers, has agreed to join Tigo Energy’s Board of Advisors.
According to Mr. Gerber, “Tigo Energy is definitely a solar company to watch. Tigo’s technology will integrate seamlessly to complement current and future solar components.” Gerber continues, “I have agreed to join the board of advisors because I have been impressed and excited by the team’s innovation and the potential for the Tigo solution to significantly benefit our industry and consumers.”
Tigo Energy increases output power, up-time, and reliability on existing and new solar installations, resulting in a faster return on investment and lower cost of ownership. According to CEO and co-founder Sam Arditi, “By viewing the system holistically overthe span of its useful life, Tigo Energy mitigates a variety of issues which limit the efficiency, availability and flexibility of today’s solar installations.”
Coming from strong technical backgrounds, Tigo’s two energetic founders, Sam Arditi and Ron Hadar, developed the company’s unique technology to maximize energy output per module. According to Ron Hadar, “Today’s best installations are designed to maximize power output across the entire system but because individual solar modules in a sub-array can perform very differently, the system currently is limited by the weakest module.” Arditi adds, “An individual module’s power output can be affected by shading, orientation, dust & debris, temperature and degradation over time. Tigo has demonstrated in our initial deployments that the strongest modules will generally operate below capacity while the weakest modules may be shut off entirely. As a result, Tigo Energy optimizes the output of each module in the sub-array, harvesting power output that is simply wasted today.” According to the company, for a typical residential installation, Tigo can improve power output (kWh) in excess of 20% depending on weather conditions. Tigo can also simplify the design, expand acceptable rooftop locations, and help maximize performance-based financial incentives (PBI) from state and federal governments.
As a result of these developments, Tigo Energy has been singled out by top tier industry players for its promising technology. Started in 2007, Tigo recently raised six million dollars in a round led by Matrix Partners and OVP Venture Partners, and has successfully deployed alpha installations in Northern California in cooperation with two of the most prominent regional installers.
