Tigo Energy Expands Predict+ for Utility Analytics as Platform Approaches 10X Annual Growth
Tigo Energy (NASDAQ: TYGO) announced significant enhancements to its Predict+ platform, a utility analytics solution that has experienced remarkable growth, expanding from 15,000 to 140,000 meters under management since Q1 2024. The platform now manages 600 GWh of energy and achieves up to 97.5% accuracy in energy forecasting through machine learning and AI.
The enhanced platform offers four key functional domains: Market Insights for energy market trends, Customer Insights for market expansion evaluation, Profit Analysis for revenue prediction and billing automation, and Regulatory Support for forecast plan generation. The system outperforms traditional forecasting methods by up to 11%, maintaining approximately 3% deviation from actual figures.
Predict+ helps utilities optimize grid performance by adapting to real-world challenges, including extreme weather events and market disruptions, while providing data resolution ranging from yearly to minute-by-minute intervals.
Tigo Energy (NASDAQ: TYGO) ha annunciato miglioramenti significativi alla sua piattaforma Predict+, una soluzione di analisi per le utility che ha visto una crescita straordinaria, espandendosi da 15.000 a 140.000 misuratori sotto gestione dal primo trimestre del 2024. La piattaforma ora gestisce 600 GWh di energia e raggiunge fino al 97,5% di accuratezza nelle previsioni energetiche grazie all'apprendimento automatico e all'IA.
La piattaforma potenziata offre quattro aree funzionali chiave: Market Insights per l'analisi delle tendenze del mercato energetico, Customer Insights per la valutazione dell'espansione del mercato, Profit Analysis per la previsione dei ricavi e l'automazione della fatturazione, e Regulatory Support per la generazione di piani di previsione. Il sistema supera i metodi di previsione tradizionali fino all'11%, mantenendo una deviazione approssimativa del 3% rispetto ai valori reali.
Predict+ aiuta le utility a ottimizzare le prestazioni della rete adattandosi a sfide reali, comprese le condizioni meteorologiche estreme e le interruzioni di mercato, fornendo risoluzioni dei dati che vanno da intervalli annuali a intervalli minuto per minuto.
Tigo Energy (NASDAQ: TYGO) anunció mejoras significativas en su plataforma Predict+, una solución de análisis de servicios públicos que ha experimentado un crecimiento notable, expandiéndose de 15,000 a 140,000 medidores bajo gestión desde el primer trimestre de 2024. La plataforma ahora gestiona 600 GWh de energía y alcanza hasta un 97.5% de precisión en la previsión energética mediante aprendizaje automático e IA.
La plataforma mejorada ofrece cuatro áreas funcionales clave: Market Insights para las tendencias del mercado energético, Customer Insights para la evaluación de la expansión del mercado, Profit Analysis para la predicción de ingresos y automatización de facturación, y Regulatory Support para la generación de planes de previsión. El sistema supera los métodos de previsión tradicionales hasta en un 11%, manteniendo una desviación aproximada del 3% respecto a las cifras reales.
Predict+ ayuda a las utilitys a optimizar el rendimiento de la red al adaptarse a desafíos del mundo real, incluyendo eventos climáticos extremos y perturbaciones del mercado, mientras proporciona resolución de datos que varían desde intervalos anuales hasta minuto a minuto.
Tigo Energy (NASDAQ: TYGO)는 Predict+ 플랫폼에 대한 중요한 개선 사항을 발표했습니다. 이 유틸리티 분석 솔루션은 2024년 1분기 이후 관리하는 미터 수가 15,000개에서 140,000개로 증가하는 remarkable 성장률을 기록했습니다. 현재 플랫폼은 600GWh의 에너지를 관리하며 기계 학습과 AI를 통해 에너지 예측에서 최대 97.5%의 정확도를 달성하고 있습니다.
강화된 플랫폼은 네 가지 핵심 기능 영역을 제공합니다: 에너지 시장 동향을 위한 Market Insights, 시장 확장 평가를 위한 Customer Insights, 수익 예측 및 청구 자동화를 위한 Profit Analysis, 그리고 예측 계획 생성을 위한 Regulatory Support. 이 시스템은 전통적인 예측 방법보다 최대 11% 더 우수하며, 실제 수치와의 편차는 약 3% 정도를 유지합니다.
Predict+는 유틸리티가 극단적인 날씨 이벤트와 시장 중단을 포함한 실제 문제에 적응하여 그리드 성능을 최적화하는 데 도움을 주며, 데이터 해상도는 연간부터 분 단위까지 다양한 범위를 제공합니다.
Tigo Energy (NASDAQ: TYGO) a annoncé des améliorations significatives à sa plateforme Predict+, une solution d'analyse pour les services publics qui a connu une croissance remarquable, passant de 15 000 à 140 000 compteurs sous gestion depuis le premier trimestre de 2024. La plateforme gère désormais 600 GWh d'énergie et atteint jusqu'à 97,5 % de précision dans les prévisions énergétiques grâce à l'apprentissage automatique et à l'IA.
La plateforme améliorée offre quatre domaines fonctionnels clés : Market Insights pour les tendances du marché de l'énergie, Customer Insights pour l'évaluation de l'expansion du marché, Profit Analysis pour la prévision des revenus et l'automatisation de la facturation, et Regulatory Support pour la génération de plans de prévisions. Le système surpasse les méthodes de prévision traditionnelles de jusqu'à 11 %, maintenant une déviation d'environ 3 % par rapport aux chiffres réels.
Predict+ aide les services publics à optimiser la performance du réseau en s'adaptant aux défis réels, notamment les événements météorologiques extrêmes et les perturbations du marché, tout en fournissant une résolution des données allant d'annuelle à minute par minute.
Tigo Energy (NASDAQ: TYGO) hat bedeutende Verbesserungen an seiner Predict+-Plattform bekannt gegeben, einer Analyse-Lösung für Versorgungsunternehmen, die ein bemerkenswertes Wachstum erlebt hat und von 15.000 auf 140.000 Zähler unter Verwaltung seit dem ersten Quartal 2024 gewachsen ist. Die Plattform verwaltet jetzt 600 GWh Energie und erreicht bis zu 97,5% Genauigkeit in der Energieprognose durch maschinelles Lernen und KI.
Die verbesserte Plattform bietet vier Schlüsselfunktionen: Market Insights für die Analyse von Energiemarkttrends, Customer Insights zur Bewertung der Markterweiterung, Profit Analysis zur Umsatzprognose und Rechnungsautomatisierung sowie Regulatory Support zur Erstellung von Prognoseplänen. Das System übertrifft traditionelle Prognosemethoden um bis zu 11% und bleibt dabei mit einer Abweichung von etwa 3% von den tatsächlichen Werten.
Predict+ hilft den Versorgungsunternehmen, die Netzleistung zu optimieren, indem es sich an reale Herausforderungen anpasst, darunter extreme Wetterereignisse und Marktstörungen, und bietet Datenauflösungen von jährlich bis zu minütlichen Intervallen.
- Significant platform growth from 15,000 to 140,000 meters under management
- High forecasting accuracy of up to 97.5% through AI and machine learning
- Platform manages substantial 600 GWh of energy
- Outperforms traditional forecasting methods by up to 11%
- Automation reduces billing processes from days to minutes
- None.
Insights
The exponential growth of Tigo Energy's Predict+ platform, achieving a 9.3x increase in meters under management within a single quarter, signals a potential inflection point in the company's market penetration strategy. The platform's ability to manage 600 GWh of energy with 97.5% accuracy represents a significant technological achievement in the utility analytics sector.
The platform's competitive edge is particularly evident in its 11% performance improvement over traditional forecasting methods, with only 3% deviation from actual results. This level of accuracy translates directly to operational cost savings and improved grid stability for utilities. The implementation of minute-by-minute data resolution, combined with AI-driven predictive capabilities, positions Tigo to capture a larger share of the growing utility analytics market, estimated to reach
From a revenue perspective, the platform's rapid adoption suggests strong product-market fit and potential for sustained growth. The automation of regulatory compliance and billing processes, reducing timeframes from days to minutes, addresses critical pain points in utility operations. This efficiency improvement represents significant cost savings for utilities, strengthening Tigo's value proposition and potential for premium pricing.
The expansion into European and North American markets, coupled with the platform's demonstrated ability to adapt to extreme events like COVID-19, positions Tigo advantageously in the increasingly critical grid modernization sector. The machine learning capabilities and automated recalibration features provide a scalable solution for utilities facing growing renewable energy integration challenges.
Predict+ platform surpasses 140,000 meters under management globally, expands advanced feature set, and brings machine learning-powered energy consumption and production prediction to utilities in
Predict+ empowers utility operators to adapt to real-world demand challenges when balancing renewable and baseload generation sources, particularly during extreme weather events and market disruptions. The platform delivers actionable intelligence that improves load forecasting accuracy while reducing manual workload, with data intervals ranging from yearly, monthly, daily, and down to by-the-minute data resolution. Predict+ includes the following primary functional domains:
- Market Insights: an accurate view of the near-term energy market trends combined with customer-internal data in an easy to consume, customizable dashboard
- Customer Insights: a combination of market and cost data used to evaluate the financial impact of expanding into new markets or acquiring high-value customers
- Profit Analysis: predicts and documents actual revenues from end-customers with integrated billing and invoicing functions taking existing processes from days, down to minutes.
- Regulatory Support: automatically generates forecast plans and securely transmits the plans to regulatory agencies in select regions
“The Predict+ platform doesn't only allow our customers to lower operating costs and streamline workflows, it actually drives higher returns on investment and more resilient, intelligent renewable energy infrastructure,” said Zvi Alon, chief executive officer at Tigo Energy. “As Predict+ expands into
Predict+ has the ability to quickly recalibrate demand and load forecasts in response to external disruptions—such as COVID-19 and extreme weather events—which gives grid operators a distinct competitive edge. Existing customers continue to validate the platform’s real-world value by expanding their usage, adding modules, and scaling capacity. Predict+ stands apart from traditional forecasting methods by leveraging advanced algorithms that reduce volatility, improve accuracy, and streamline operations, often outperforming legacy approaches like spreadsheets by up to
To learn more about Predict+ or participate in a platform demonstration, contact the Tigo team here and select “Predict+ info/demo” in the subject menu.
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 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/20250210484457/en/
Technica Communications
Lusi de Leon
Email: tigoenergy@technica.inc
Source: Tigo
FAQ
What is the current meter management capacity of Tigo's (TYGO) Predict+ platform in 2024?
What accuracy rate does Tigo's (TYGO) Predict+ platform achieve in energy forecasting?
How much better does TYGO's Predict+ perform compared to traditional forecasting methods?
What are the main functional domains of Tigo's (TYGO) Predict+ platform?
How does TYGO's Predict+ platform improve billing efficiency for utilities?
