Tigo Energy Delivers Scalable Insights on EI Platform for High-Growth, Multi-Site Solar Installers
Tigo Energy has launched EI Professional, an advanced toolset for solar installers aimed at managing rising operations and maintenance (O&M) costs associated with growing solar portfolios. The new features of the Tigo Energy Intelligence (EI) Platform offer scalable, customizable monitoring and insights, supporting small to mid-sized installation companies. Key features include a centralized dashboard displaying critical health and performance data, one-click enrollment for unlimited subscription access, and advanced filtering tools. The EI Platform also offers free basic monitoring and premium options for more detailed analytics. Tigo aims to help installers enhance efficiency, reduce costs, and improve system performance.
- Launch of EI Professional toolset to manage rising O&M costs for expanding solar portfolios.
- Centralized view of critical health and performance data.
- One-click enrollment for unlimited subscription access.
- Advanced tagging, grouping, and site filtering for improved management and maintenance.
- Free basic monitoring with upgrade options for detailed analytics.
- None.
Insights
Tigo Energy's new EI Professional platform is a significant step for the solar industry, especially given the rapid growth of solar installations projected to double by 2030 and triple by 2034. The platform's upgrade options cater to both smaller and mid-sized installation companies, which are often resource-constrained. By offering scalable insights and advanced monitoring tools, Tigo Energy is addressing a important market need.
The one-click enrollment feature and portfolio-wide dashboard indicate a clear focus on ease of use and efficiency. This can significantly reduce the overhead costs associated with operations and maintenance (O&M), making the platform highly attractive for installers keen on improving their bottom line.
For retail investors, this move suggests that Tigo Energy is not only anticipating future market needs but is also positioning itself as a leading player in the solar energy software solutions market. The company's ability to offer a customizable and scalable solution adds a layer of resilience to its business model.
From a financial perspective,
The inclusion of advanced features like tagging, grouping and site filtering can help reduce the costs associated with O&M. By minimizing the need for manual interventions, Tigo's platform can amplify profit margins for both the company and its clients. Investors should note that this cost efficiency translates into higher customer retention rates, ensuring steady revenue flow.
Additionally, the promotional trial access could drive a surge in new customer acquisitions. If successful, it can provide a strong pipeline of paying customers post-trial, further boosting the company's financial health.
Technologically, the EI Professional package represents a significant advancement in solar energy management. The platform's ability to provide minute-level monitoring resolution and historical data offers a depth of insight that can be important for optimizing system performance.
The user-friendly interface and centralized view of critical health and performance data make it easier for technicians and managers to diagnose and address issues promptly. This could significantly reduce downtime and improve overall system reliability, which is a critical factor for commercial and residential solar systems.
The integration of advanced analytics tools also allows for trend analysis and predictive maintenance, areas that are becoming increasingly important as the industry grows. This technological edge not only sets Tigo apart from competitors but also adds substantial value to its offerings.
To manage the escalating operations and maintenance (O&M) overhead of constantly expanding solar portfolios, Tigo introduces EI Professional, an advanced toolset for installers.
The Tigo EI Platform now offers upgrade options that deliver even more of the right information at the right time via a user-friendly interface to installers, asset managers, and down to the individual system owner. Most notably for rapidly scaling installers, EPCs, and O&M providers, the new EI Professional package provides a centralized view of critical health and performance data of all systems under management. Beyond a scalable monitoring experience and a simple, flat-price model, the EI Professional package includes:
- one-click enrollment for company-wide, unlimited-seat subscription access covering all systems under management,
- a portfolio-wide dashboard with a prioritized view into critical data, such as health status, production, performance, equipment status, location data, and commissioning time tracking, and
- time-saving features including advanced tagging, grouping, and site filtering for improved management, maintenance, optimization, and trend analysis.
Solar installers use the Tigo EI Platform to gain improved insights into installation status, decrease O&M costs, and monitor energy generation and system performance. The standard system-by-system monitoring view, now named EI Basic, remains free of charge, and includes module-level resolution and insight into third-party hardware. More advanced monitoring and analytics tools, historical data, and minute-level monitoring resolution, among others, are available via a simple, in-platform upgrade to EI Premium.
“As we watch the number, size, and complexity of the residential and commercial systems we deploy increase, we found that the only way to scale was with a comprehensive way to monitor, diagnose, and optimize those systems,” said Garrett Brandt, owner at Radius Energy. “When you consider the cost of even a single truck roll or the opportunity cost of a one-week delay in getting an invoice out post-commissioning, a paid subscription to avoid either makes sense right away. The features now available via the Tigo EI Platform don’t just add value in terms of savings but represent new opportunities for us on the installer side.”
Installer training materials for the EI Platform are now available in the Tigo Academy. Tigo Academy offers new and existing customers and installers an efficient way to learn about Tigo software through hands-on demonstrations and tutorials on how to leverage Tigo software for optimal system performance and customer satisfaction.
“To stay competitive, installers have to become more agile while providing more post-installation services, which is why Tigo has developed increasingly sophisticated options in the EI Platform that deliver the right management tools to the variety of customers we serve,” said Archie Roboostoff, vice president of software, at Tigo Energy. “Software plays an increasingly important role in ensuring that solar deployments reach peak performance while continuously analyzing trends to see where improvements can be made. The EI Platform is designed to identify system issues before production is impacted. System owners expect quality and reliability, and the EI Platform helps to deliver both.”
To learn more about the Tigo EI Platform, including the standard capabilities of EI Basic and the features and subscription pricing for EI Premium and EI Professional, please visit the EI features page at https://www.tigoenergy.com/ei/pricing. Tigo installers are also invited to take advantage of promotional trial access to EI Professional for the month of July, which is available via web browser on the Tigo EI Platform: https://ei.tigoenergy.com/
About Tigo Energy
Founded in 2007, Tigo is a worldwide leader in the development and manufacture 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 manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. For more information, please visit www.tigoenergy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240709862359/en/
Technica Communications
Cait Caviness
Email: tigoenergy@technica.inc
Source: Tigo
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