Solar Panel Efficiency Tech Firm Tigo Energy Raises $5 Million in VC

Posted in Solar Power on November 4th, 2011 by News Desk –

Photo credit: Tigo Energy

Los Gatos, Calif. – Tigo Energy, a developer of technology that improves the efficiency of solar photovoltaic arrays, has raised $5 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission.

Founded in 2007 by a group of Silicon Valley technologists, Tigo focuses on process control, silicon component design, system architecture, software and communication technologies that improve the efficiency of solar commercial and residential solar arrays.

Sam Arditi, Tigo’s CEO, previously served six years at Intel after the acquisition of the latest company he managed. His most recent role at Intel was vide president and general manager for the cellular and handheld Group.

Tigo says its technology produces up to 20% more energy output of existing arrays by maximizing power output of individual modules, active system management, and enhanced safety with arc prevention and system deactivation.

The company works closely with PV manufacturers to ensure interoperability and optimization with existing popular inverter and module products.

Investors in Tigo include Generation Investment Management, Matrix Partners, and OVP Venture Partners.

Tigo’s SEC filing

Tigo Energy website