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Tigo Energy Solar Rapid Shutdown Selected by Constructora San Jose for 142MWp Solar System

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Tigo Energy announced that Constructora San Jose has chosen its rapid shutdown technology for a 142MWp solar installation in Spain. This project will use over 107,000 Tigo TS4-A-2F MLPE devices and 550 Tigo RSS Transmitters to ensure safety and communication efficiency. The installation will produce clean energy, support local industry, and feed surplus power back to the grid. The project will begin in late 2024 and complete by early 2025. Tigo's Green Glove program will provide support throughout the installation process.

Positive
  • Constructora San Jose selected Tigo, indicating trust in their technology.
  • The 142MWp project signifies a major commercial win for Tigo.
  • The project will use over 107,000 Tigo TS4-A-2F MLPE devices, showcasing large-scale deployment.
  • Over 550 Tigo RSS Transmitters with Pure Signal technology will ensure effective system communications.
  • The project will produce clean energy, aiding local industry and grid supply.
  • Tigo's Green Glove program will provide installation support, enhancing customer confidence.
  • The TS4-A-2F device complies with NEC 2017/2020 standards and is globally certified.
  • The technology offers design flexibility and reliability, suitable for large and complex systems.
  • The project supports Tigo's reputation in the global solar market.
  • Potential for increased revenue through large-scale deployment.
Negative
  • The project’s success is dependent on timely completion, with construction starting in late 2024 and commissioning by early 2025.
  • Any delays or technical issues could impact Tigo's reputation.
  • High dependency on the effectiveness of the Green Glove program for installation success.
  • Potential risk of high-voltage DC electricity requires stringent safety measures.
  • Economic or regulatory changes in Spain could affect project viability.
  • The financial impact of the project not disclosed, leaving uncertainty about profitability.

Insights

Tigo Energy's selection by Constructora San Jose for a 142MWp solar installation in Spain highlights a substantial endorsement of its technology, potentially increasing investor confidence in the company. With over 107,000 Tigo TS4-A-2F MLPE devices and more than 550 Tigo RSS Transmitters involved, the magnitude of this project signifies a significant revenue stream.

From a financial perspective, this project not only promises immediate revenue but also long-term service and maintenance contracts, enhancing recurring revenue prospects. The trust bestowed by Constructora San Jose suggests reliability and market acceptance, potentially boosting Tigo's market share in the growing solar energy sector.

Investors should note the anticipated construction timeline, with completion expected in the first half of 2025. The phased revenue recognition can be expected to positively impact Tigo's financials over the next few fiscal periods. Moreover, Tigo’s Green Glove quality program could serve as a differentiator, attracting more large-scale projects in the future.

However, the project’s successful execution depends on various factors such as regulatory approvals, supply chain stability and technological reliability. Any delays or issues could impact financial outcomes, making it important for investors to monitor the project's progress closely.

The selection of Tigo's TS4-A-2F MLPE devices and RSS Transmitters underscores the technological strengths and innovations provided by Tigo Energy. The TS4-A-2F’s compliance with NEC 2017/2020 and global certifications (IEC and UL) indicates its reliability and widespread acceptability.

Technologically, the rapid shutdown feature is important for safety, minimizing fire hazards and protecting maintenance and emergency personnel from high-voltage DC electricity. The use of Pure Signal technology in RSS Transmitters further ensures robust communication within complex systems, reducing signal disturbances and enhancing system reliability.

This project can serve as a testament to Tigo's capability to handle large and complex installations, potentially setting a standard in the industry. For retail investors, understanding these technological nuances is essential as it reflects Tigo's commitment to innovation and safety, which could drive market demand and adoption of their products.

In the broader context of the solar market, such advancements may position Tigo as a preferred partner for large-scale EPC firms, fueling further growth and development opportunities.

Tigo MLPE to deliver best-in-class safety for large Commercial & Industrial solar installation in central Spain; deployed with confidence through the Green Glove quality program.

CAMPBELL, Calif.--(BUSINESS WIRE)-- Tigo Energy, Inc. (NASDAQ: TYGO), a leading provider of intelligent solar and energy software solutions, today announced that premier Engineering, Procurement, and Construction (EPC) firm, Constructora San Jose, S.A., has selected Tigo as the rapid shutdown technology provider for a 142MWp solar installation for an industrial ground mount in Spain. Reliable rapid shutdown functionality is essential to providing fire safety for system owners and eliminates the risk of encountering high-voltage DC electricity for operations and maintenance, as well as emergency personnel in case of contact with the system during service intervals or in emergency situations.

The system, which will produce clean energy to help serve the demand from local industry and feed excess energy back to the public grid, will include more than 107,000 Tigo TS4-A-2F MLPE devices and produce in excess of 142MWp. The project also includes more than 550 Tigo RSS Transmitters with Pure Signal technology, which eliminates disturbances in PLC signals from adjacent cable runs and improves the effectiveness of system communications functions in large and complex systems.

“With the responsibility that comes with a system of this size, the reliability and quality of Tigo was the ideal option for rapid shutdown safety,” said Diego Navarro, purchasing manager at Constructora San Jose, S.A. “In contrast to roof-mounted solar systems, the risk of contact with a ground-mounted system is somewhat higher, which is why reliable rapid shutdown is essential. With a project that will become part of the critical energy infrastructure in the region, it is important to get everything right, and the Tigo Green Glove program has provided outstanding support service throughout the process.”

The TS4-A-2F is a reliable and cost-effective two-module rapid shutdown solution that meets the latest module-level shutdown requirements, including NEC 2017/2020. The TS4-A-2F is both IEC and UL-certified for global acceptance and UL-PVRSS-certified for connectivity with the largest network of inverters. Constructora San Jose selected the TS4-A-2F to support the 670W modules used in the project, which will be under construction during the second half of 2024, with commissioning expected in the first half of 2025.

“It is an honor to have won the trust of Constructora San Jose, S.A. for this project, and we look forward to delivering on Total Quality Solar as the project moves through installation and into the operations phase,” said Mirko Bindi, Senior VP Sales EMEA & MD Europe at Tigo Energy Inc. “We design our technology to be both reliable and offer design flexibility, and this system once again shows that as system complexity and size increases, Tigo provides a great solution. The Tigo Green Glove support team will be there for the Constructora San Jose team throughout the project, with a focus on end-to-end installation quality and long-term system safety.”

The Tigo TS4 platform maximizes the benefit of PV systems for installers on all continents. With a system size range from 2kW to more than 100MW and installation in less than ten seconds per module, Tigo has a trusted and reliable product portfolio deployed around the world, from rapid shutdown to module-level monitoring and advanced energy optimization.

For more information about the Tigo TS4-A-2F MLPE device, please visit the product website here. For more information about the Tigo Green Glove program for C&I solar installers, please visit the program website here.

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.

Technica Communications

Cait Caviness

Email: tigoenergy@technica.inc

Source: Tigo

FAQ

What technology did Constructora San Jose choose for the 142MWp solar installation in Spain?

Constructora San Jose chose Tigo Energy's rapid shutdown technology for the 142MWp solar installation in Spain.

How many Tigo devices will be used in the 142MWp solar project?

The project will use over 107,000 Tigo TS4-A-2F MLPE devices and more than 550 Tigo RSS Transmitters.

When is the 142MWp solar installation project in Spain expected to begin and complete?

The project is expected to begin in the second half of 2024 and be commissioned in the first half of 2025.

What safety features are included in Tigo's 142MWp solar installation project?

The project includes reliable rapid shutdown functionality to eliminate high-voltage DC electricity risks and ensure fire safety.

What is the role of Tigo's Green Glove program in the 142MWp solar project?

Tigo's Green Glove program will provide support throughout the installation process to ensure quality and safety.

What standards does the Tigo TS4-A-2F device meet?

The Tigo TS4-A-2F device meets the NEC 2017/2020 standards and is IEC and UL-certified.

How will the 142MWp solar installation benefit the local community in Spain?

The solar installation will produce clean energy to support local industry and feed surplus energy back into the public grid.

What is Tigo's Pure Signal technology?

Tigo's Pure Signal technology eliminates disturbances in PLC signals from adjacent cable runs, improving system communication in large installations.

What is the significance of the 142MWp solar project for Tigo Energy?

The project signifies a major commercial win for Tigo Energy, demonstrating their technology's reliability and scalability for large projects.

What are the potential risks associated with the 142MWp solar project in Spain?

Potential risks include delays in project completion, dependency on Tigo's Green Glove program, and economic or regulatory changes in Spain.

Tigo Energy, Inc.

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