founded silicon valley california 2007 founder sam arditi ron hadar headquarters los gatos california united states area served worldwide products power optimizer software as a service number of employees 100 october 2012 website tigoenergy.com tigo energy is an american private corporation headquartered in los gatos california united states . it provides products technologies software and services to installers distributors and original equipment manufacturers within the photovoltaic industry . it specializes in module level power optimizers and smart module power electronics . tigo energy is not affiliated with millicom international cellular also known as tigo . contents 1 history 2 science and technology 3 references 4 external links history edit the company was founded by sam arditi and ron hadar in 2007 . as of october 2012 it employs 100 people in five offices worldwide . 1 in december 2011 the company announced its fourth round of funding an 18 million investment led by bessemer ventures . 2 in june 2012 tigo energy announced an award from the united states department of energy as part of its sunshot incubator projects worth 3.5 million . 3 the projects are designed to reduce the ongoing costs and prevent safety hazards from electric arcs in photovoltaic arrays . in 2012 tigo energy announced the market launch of its newest generation of technology designed to be built directly into solar panels during manufacturing . these smart modules included all the benefits of traditional power optimizers but without requiring installers to add extra boxes to solar modules . tigo energy s launch partners included trina solar hanwha solarone delsolar astronergy upsolar and luxor solar . 4 in september 2012 ims research identified tigo energy as one of three suppliers accounting for 90 % of the micro inverter and power optimizer market . 5 science and technology edit tigo energy uses impedance matching to provide power control data monitoring and safety mechanisms for every module in a solar array to increase performance and safety over traditional system level technologies . 2 the company also hosts customer data and provides detailed analytics with a software as a service business model . the company was the first power optimizer to successfully certify embedding their electronics directly into the junction box of a solar module reducing the component and labor costs of optimized photovoltaic arrays and eliminating the need for additional hardware . 6 references edit the top 10 venture backed green companies wsj.com . online.wsj.com . retrieved 2013 12 11 . a b tigo ramps up funds and production of solar electronics tech news and analysis . gigaom.com . 2011 12 12 . retrieved 2013 12 11 . sunshot initiative sunshot incubator projects . . eere.energy.gov . retrieved 2014 03 04 . leading solar module oems to display next generation tigo energy technology during pv expo japan . tigo energy . 2012 02 28 . retrieved 2013 12 11 . microinverters & power optimizers outpace pv inverters in 2011 70 percent growth predicted in 2012 . ims research . 2012 09 04 . retrieved 2013 12 11 . solar electronics panel integration and the bankability challenge . greentech media . 2012 08 23 . retrieved 2013 12 11 . external links edit official website retrieved from https en.wikipedia.org w index.php title tigo energy & oldid 647210989 categories photovoltaicsamerican companies established in 20072007 establishments in californiaprivately held companies based in californialos gatos california navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 february 2015 at 07 21 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view