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
Tigo Energy Reaches Key Milestones and Raises $10 Million "B" Round Financing
Los Gatos, CA – May 26, 2009 – Tigo Energy, (www.tigoenergy.com), the solar company whose unique technology significantly increases efficiency in photovoltaic solar installations, announced today that it has closed the second round of funding.
The $10 million round was led by ICV, and joined by all existing investors (Matrix Partners, OVP and Clal Energy). The series B financing represented a significant premium to Tigo Energy’s first venture round which was funded in May of 2008. Meir Ukeles of ICV has joined the Tigo Board of Directors following the round.
According to Tigo Energy President Ron Hadar, “Particularly given the state of the current financial and venture markets, Tigo Energy’s rapid close of this round shows great confidence by the venture community in our product, progress and people.”
Sam Arditi, the CEO of Tigo Energy, who will be on hand at InterSolar in Munich to showcase the Tigo Energy™ Maximizer System, is also pleased to announce that “the company’s pipeline is full and quickly ramping revenue.”
Due to its promising technology, Tigo Energy has recently been named by Strategic News Service as a 2009 FireStarter – one of the twelve most promising global venture-backed start-ups. This month, the company will celebrate the first anniversary of the first two successful installations (in Santa Cruz, and Berkeley California) which are showing consistent stability proving the very high reliability of the Tigo Energy Maximizer System.
Founded in 2007, Tigo Energy completed initial funding with a Series A round led by Matrix Partners and OVP, and successfully deployed 18 installations in the United States, Europe and Japan in cooperation with several of the most prominent solar industry leaders. Encouraged by the success of the initial installations the company is rapidly moving to volume production.
The company’s Maximizer System (patent pending) can immediately return up to 20% power from today's traditionally architected systems. As a "CapEx neutral" system, achieved through the re-partitioning of system electronics, the value of increased power generation is available to the system owner in the first year. Operational expenses (cost-of-ownership) are also reduced through increased system reliability, safety enhancements and advanced module-level management for granular maintenance and warranty service.
Please visit Tigo Energy at InterSolar Munich Hall B6 booth 766 or on the web at www.tigoenergy.com