Press Releases
2011
04/06 -Tigo Energy® Expands Executive Team With The Addition of a Chief Financial Officer2010
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™ Maximizer 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 Announces $6 Million Funding
Matrix Partners and OVP Venture Partners co-lead investment
Los Gatos, CA – June 3, 2008 – Tigo Energy, a solar company whose technology enables increased efficiency in commercial and residential solar installations, announced today it has raised $6 million in a round co-led by and Matrix Partners and OVP Venture Partners.
“This investment will allow us to deliver lower cost of ownership and increased output power on solar installations, resulting in faster return on investment for our customers,” said Sam Arditi, co-founder and CEO of Tigo Energy.
Tigo’s co-founder, President and COO, Ron Hadar, said, “by working with energy service providers, module manufacturers and system integrators, Tigo is mitigating several issues which currently result in sub-optimal solar production on new and existing solar installations.”
“Tigo is seizing a big opportunity and has a uniquely qualified founding team,” said OVP Venture Partner’s Managing Director John Hull, who will join Tigo’s Board of Directors. “Most solar module installations today operate significantly below their rated output because of a variety of system issues. Tigo’s potential lies in its ability to dramatically increase this efficiency.”
“We are very pleased to be helping to build such an exciting company,” said Shirish Sathaye, General Partner at Matrix Partners. “The founding team is very strong and has the experience and focus to do what they’ve set out to do.”
Arditi and Hadar have extensive senior management experience both as entrepreneurs and within large companies. Arditi was a Vice President at Intel Corporation. Prior to Intel, he founded CTP Systems, a satellite and wireless systems company that merged with DSPC (NASDAQ: DSPC) and was then acquired by Intel in one of the largest cash acquisitions in Intel’s history. Hadar founded Tenta Technology and served as CEO until its acquisition by MKS Instruments (NASDAQ: MKSI), where he then served as Vice President.
The team is rounded out by Earl Powell, an entrepreneur with 35 years of experience in solar technologies, and Stuart Davis, who brings a unique combination of experience in solar and electrical engineering.