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Tigo Energy is a solar power installations group that increases output power, up-time, and reliability on solar installations, resulting in a faster ROI. Tigo Energy mitigates a variety of issues that limit the efficiency, availability, and flexibility of today's solar installations.
Published January 25, 2021
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Updated November 15, 2023
Industrial Decarbonization
Power & Utilities
Electrification & Efficiency
Renewables & Energy Storage
Product Overview
Overview
Tigo Energy, founded in Sillicon Valley in 2007, is the worldwide leader in Flex MLPE (Module Level Power Electronics) with solutions that increase energy production, enhance safety, and decrease operating costs of photovoltaic (PV) systems. The company has raised a total of $148.3M in funding over 19 rounds and has offices and installations all over the world.
Customers can maximize the benefits of their PV systems by using Tigo's energy solution, the TS4. Depending on what feature wants to be added to the PV module, there are different TS4 units. These MLPE units are connected to each module and can be used for monitoring its performance, and/or to enable rapid shutdown for the system's safety and/or to enhance its optimization.
Customers can use any combination of these features (optimization, monitoring and safety), selecting different functionalities per module to maximize their returns.
Besides, Tigo has a data hub for the TS4 units, Tigo's Cloud Connect Advanced (CCA) so that all of the module-level data, and any third party data connected to Tigo's CCA can be viewed in the Tigo Energy Intelligence monitoring portal.
Business Model
- Price per TS4 unit.
- SaaS.
Technology Innovations
Optimization: Optimising a shade affected solar panel in a string allows the remaining solar panels to perform uninhibited. With TS4 optimization, each panel produces maximum power - increasing energy yield and ROI.
Real-time data: Through Tigo's Flex MLPE monitoring portal it can be seen how much energy is being saved per module minute by minute.
Predictive maintenance and flexibility: With collected data from monitoring platform, it is easier to perform predictive and preventive maintenance.
Applications
- Optimization: In an ordinary PV system, a string is as strong as its weakest module, dragging down performance. With Tigo TS4 optimizers, energy yield is increased by reducing the impact of shading and mismatch.
- Monitoring: lower operating expenses with visibility to module-level performance with the Tigo Energy Intelligence monitoring platform.
- Safety: Enhance safety and meet code compliance with Tigo's industry leading rapid shutdown devices.