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Tigo Energy Builds on 30MW Installed Base with Flexibility, Performance, and Choice for Hawaii

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Tigo Energy (NASDAQ: TYGO) announces a multi-island product and training tour in Hawaii, building on its existing 30MW installed base. The company's Module Level Power Electronics (MLPE) devices support over 600 monitored systems in Hawaii, ranging from 1.5kW residential to 711kW commercial installations.

Tigo's solutions have shown significant performance benefits, with customers experiencing over 6% increase in energy production. The company's optimizers, rated for 700W+, are compatible with virtually any module without clipping issues. The Energy Intelligence (EI) Residential platform's DC architecture reduces conversion losses by more than 5% compared to DC-coupled batteries.

Hawaii, with a 96% attach rate of storage to new residential PV systems, represents a key market for Tigo's solar-plus-storage solutions as the state aims for 100% renewable energy by 2045.

Tigo Energy (NASDAQ: TYGO) annuncia un tour di prodotti e formazione in più isole delle Hawaii, ampliando la sua base installata esistente di 30 MW. I dispositivi di Elettronica di Potenza a Livello di Modulo (MLPE) dell'azienda supportano oltre 600 sistemi monitorati nelle Hawaii, che variano da installazioni residenziali da 1,5 kW a commerciali da 711 kW.

Le soluzioni di Tigo hanno mostrato benefici significativi in termini di prestazioni, con i clienti che hanno registrato un aumento della produzione energetica superiore al 6%. Gli ottimizzatori dell'azienda, valutati per oltre 700W, sono compatibili praticamente con qualsiasi modulo senza problemi di clipping. L'architettura DC della piattaforma di Intelligenza Energetica (EI) residenziale riduce le perdite di conversione di oltre il 5% rispetto alle batterie accoppiate in DC.

Le Hawaii, con un tasso di attacco del 96% di stoccaggio ai nuovi sistemi fotovoltaici residenziali, rappresentano un mercato chiave per le soluzioni solari e di stoccaggio di Tigo, mentre lo stato mira a ottenere il 100% di energia rinnovabile entro il 2045.

Tigo Energy (NASDAQ: TYGO) anuncia un tour de productos y capacitación en múltiples islas de Hawái, ampliando su base instalada existente de 30 MW. Los dispositivos de Electrónica de Potencia a Nivel de Módulo (MLPE) de la empresa respaldan más de 600 sistemas monitoreados en Hawái, que van desde instalaciones residenciales de 1,5 kW hasta comerciales de 711 kW.

Las soluciones de Tigo han demostrado beneficios significativos en rendimiento, con clientes que experimentan un aumento en la producción de energía de más del 6%. Los optimizadores de la empresa, calificados para más de 700W, son compatibles con prácticamente cualquier módulo sin problemas de clipping. La arquitectura DC de la plataforma de Inteligencia Energética (EI) residencial reduce las pérdidas de conversión en más del 5% en comparación con las baterías acopladas en DC.

Hawái, con una tasa de acoplamiento del 96% de almacenamiento a nuevos sistemas fotovoltaicos residenciales, representa un mercado clave para las soluciones solares y de almacenamiento de Tigo, ya que el estado apunta al 100% de energía renovable para 2045.

티고 에너지 (NASDAQ: TYGO)는 하와이에서 여러 섬을 대상으로 한 제품 및 교육 투어를 발표하며, 기존 30MW 설치 기반을 확장합니다. 회사의 모듈 레벨 전력 전자 장치(MLPE)는 하와이에서 1.5kW 주택용부터 711kW 상업용 설치까지 600개 이상의 모니터링 시스템을 지원합니다.

티고의 솔루션은 성능 측면에서 상당한 이점을 보여주며 고객들은 6% 이상의 에너지 생산 증가를 경험하고 있습니다. 700W 이상의 정격을 가진 회사의 최적화 장치는 클리핑 문제 없이 거의 모든 모듈과 호환됩니다. 에너지 인텔리전스(EI) 주거 플랫폼의 DC 아키텍처는 DC 결합 배터리와 비교할 때 변환 손실을 5% 이상 줄입니다.

하와이는 새로운 주택용 PV 시스템에 대한 저장 장치의 연결 비율이 96%에 달하며, 주가 2045년까지 100% 재생 에너지를 목표로 하는 만큼 티고의 태양광+저장 솔루션에 중요한 시장을 나타냅니다.

Tigo Energy (NASDAQ: TYGO) annonce une tournée de produits et de formation sur plusieurs îles d'Hawaï, s'appuyant sur sa base installée existante de 30 MW. Les dispositifs d'Électronique de Puissance à Niveau de Module (MLPE) de l'entreprise supportent plus de 600 systèmes surveillés à Hawaï, allant d'installations résidentielles de 1,5 kW à des installations commerciales de 711 kW.

Les solutions de Tigo ont montré des avantages de performance significatifs, avec des clients connaissant une augmentation de la production d'énergie de plus de 6 %. Les optimiseurs de l'entreprise, notés pour plus de 700 W, sont compatibles avec pratiquement tous les modules sans problèmes de clipping. L'architecture DC de la plateforme d'Intelligence Énergétique (EI) résidentielle réduit les pertes de conversion de plus de 5 % par rapport aux batteries couplées en DC.

Hawaï, avec un taux d'attachement de 96 % de stockage aux nouveaux systèmes PV résidentiels, représente un marché clé pour les solutions solaires et de stockage de Tigo, alors que l'État vise 100 % d'énergie renouvelable d'ici 2045.

Tigo Energy (NASDAQ: TYGO) kündigt eine Produkt- und Schulungstour in mehreren Inseln Hawaiis an und baut auf seiner bestehenden installierten Basis von 30 MW auf. Die Module Level Power Electronics (MLPE) des Unternehmens unterstützen über 600 überwachte Systeme in Hawaii, angefangen von 1,5 kW Wohnanlagen bis hin zu 711 kW gewerblichen Installationen.

Tigos Lösungen haben erhebliche Leistungsverbesserungen gezeigt, wobei Kunden eine Erhöhung der Energieproduktion von über 6 % erleben. Die Optimierer des Unternehmens, die für über 700 W ausgelegt sind, sind mit praktisch jedem Modul kompatibel, ohne Clip-Probleme. Die DC-Architektur der Energy Intelligence (EI) Wohnplattform reduziert die Umwandlungsverluste um mehr als 5 % im Vergleich zu DC-gekoppelten Batterien.

Hawaii, mit einer Anschlussquote für Speichersysteme von 96 % zu neuen Wohn-PV-Systemen, stellt einen Schlüsselmarkt für Tigos Solar-plus-Speicher-Lösungen dar, da der Bundesstaat bis 2045 100 % erneuerbare Energien anstrebt.

Positive
  • 30MW installed base in Hawaii with over 600 monitored systems
  • Customers see >6% increase in energy production with Tigo optimizers
  • DC architecture saves >5% vs DC-coupled batteries
  • EI inverter listed on Hawaiian Electric's Qualified Grid Support list
Negative
  • None.

Insights

Tigo Energy's expansion in Hawaii represents a strategic move in a mature solar market with unique characteristics. With over 30MW of installed base and 600 monitored systems, the company has established a significant presence. Hawaii's impressive 96% storage attachment rate for new residential PV systems and commitment to 100% renewable energy by 2045 creates a substantial market opportunity. The reported 6% increase in energy production and 5% savings in conversion losses demonstrate tangible performance advantages. The partnership with Holu Hou Energy, which has deployed 4,100 MLPE devices across 438 sites, validates market acceptance. However, the relatively modest market cap of $54M suggests room for significant growth potential in this strategic market.

Tigo island training tour will deliver Hawaiian installers more design flexibility, component options, higher performance, and right-sized solar-plus-storage options.

CAMPBELL, Calif.--(BUSINESS WIRE)-- Tigo Energy, Inc. (NASDAQ: TYGO) (“Tigo”), a leading provider of intelligent solar and energy software solutions, today announced a multi-island product and training tour to bring more flexibility, better module utilization, and system design freedom to the Aloha State. Tigo Flex Module Level Power Electronics (MLPE) devices support more than 30MW of solar on the Hawaiian islands, including over 600 monitored Tigo systems, ranging from 1.5kW residential systems to systems of more than 711kW serving the commercial and industrial (C&I) market. With a 96% attach rate of storage to new residential photovoltaic (PV) systems in Hawaii just two years ago, the state has developed one of the nation’s largest installed bases of solar and storage. Tigo equipment is suited for both new systems as well as systems that have operated for years but stand to benefit significantly from select upgrades.

MLPE from Tigo, as well as the recently Methods & Materials (MM) listed Energy Intelligence (EI) inverters, have gained traction by providing flexible, reliable solutions that comply with Hawaii’s stringent electricity requirements and are in alignment with the state's ambitious goal of achieving 100% renewable energy by 2045. Tigo solutions are particularly well suited for the Hawaiian market. The majority of customers that use Tigo optimizers see an increase in energy production of more than 6%. In addition, the optimizers are rated for 700W+, so they work with virtually any module and won’t clip like some microinverters. In addition, the DC architecture of the EI Residential solution minimizes conversion losses, saving customers more than 5% on average vs. a DC-coupled battery.

“Our primary business is the design and installation of residential solar systems, and we have deployed more than 4,100 Tigo MLPE devices across 438 sites since switching to this equipment,” said Matthew Kunau, vice president of Construction Operations, Holu Hou Energy, LLC. “The fact that Tigo places a big emphasis on compatibility with third-party components allows a ton of flexibility for us. Beyond the design flexibility, Tigo allows us to avoid losses from clipping and module mismatch, and our customers appreciate getting the most out of their systems.”

The Tigo EI inverter was added to Hawaiian Electric’s Qualified Grid Support Utility Interactive Inverters and Controllers list in 2022, solidifying the company’s reputation for providing reliable, grid-compliant solutions for Hawaii’s solar-plus-storage market. In addition to robust Tigo monitoring capabilities, Hawaiian installers now have significantly more options for mitigating shading, soiling losses, and maximizing energy production by eliminating clipping.

“Hawaii's renewable energy transition, coupled with rising electricity costs and favorable state incentives, has created a robust market for solar-plus-storage solutions,” said Jing Tian, chief growth officer at Tigo Energy. “The Tigo EI Residential platform is designed to support this transition by providing both a path to simplified deployment of new systems, as well as a flexible and reliable way to upgrade systems that have already been deployed. As such, this solution empowers solar installers and new and existing solar homeowners.”

Tigo will be available for meetings at RE+ Hawaii on January 14 and January 15, 2025, and host in-person training sessions that same week on the island of Oʻahu. To secure a training reservation or meeting time, please visit here. For more information about Tigo solutions for the Hawaiian solar-plus-storage market, please visit the Tigo EI Residential Solar Solution page.

About Tigo Energy

Founded in 2007, Tigo Energy, Inc. (Nasdaq: TYGO) is a worldwide leader in the development and provider of smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Tigo combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Tigo MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The company also develops and delivers products such as inverters and battery storage systems for the residential solar-plus-storage market. For more information, please visit http://www.tigoenergy.com.

Technica Communications

Luis de Leon

Email: tigoenergy@technica.inc

Source: Tigo

FAQ

What is Tigo Energy's (TYGO) current installed capacity in Hawaii?

Tigo Energy has over 30MW of installed solar capacity in Hawaii, including more than 600 monitored systems ranging from 1.5kW residential to 711kW commercial installations.

How much performance improvement do Tigo's (TYGO) optimizers provide in Hawaii?

The majority of customers using Tigo optimizers experience more than 6% increase in energy production.

What energy savings does Tigo's (TYGO) EI Residential platform provide?

Tigo's EI Residential platform's DC architecture provides more than 5% savings compared to DC-coupled battery systems.

When will Tigo Energy (TYGO) conduct its Hawaii training tour?

Tigo Energy will conduct training sessions on Oʻahu during the week of January 14-15, 2025, coinciding with RE+ Hawaii.

What is the power rating of Tigo's (TYGO) optimizers for Hawaii?

Tigo's optimizers are rated for 700W+ and are compatible with virtually any module without clipping issues.

Tigo Energy, Inc.

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