Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology Partnership, Repowering Aging and Orphaned Solar
Key Highlights
- ➤1,000 inverter replacements completed using Tigo technology
- ➤Nearly 400,000 U.S. residential systems reach 10-year age annually for five years
- ➤More than one million U.S. residential solar systems already passed 10-year mark
- ➤Tigo open architecture services multiple legacy solar system brands
- ➤Otovo and Tigo target scalable repowering of aging and orphaned solar systems
Expert Statements
William J. (John) Berger, CEO of Otovo
“Otovo's mission is to build the world's leading home energy service platform”
William J. (John) Berger, CEO of Otovo
“Reaching 1,000 inverter replacements shows that our repowering business is working.”
William J. (John) Berger, CEO of Otovo
“Tigo's technology gives our teams the flexibility to handle many types of legacy solar systems.”
William J. (John) Berger, CEO of Otovo
“For homeowners with aging or orphaned systems, that flexibility helps us get them producing power again quickly.”
Zvi Alon, Chairman and chief executive officer of Tigo Energy
“The installed base of solar is now large enough that repowering needs to become a core service discipline for installers.”
Zvi Alon, Chairman and chief executive officer of Tigo Energy
“Otovo shows what this opportunity looks like at scale.”
Zvi Alon, Chairman and chief executive officer of Tigo Energy
“Companies like Otovo prove there is real demand for a repeatable way to repower aging systems and get customers back online.”
Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology Partnership, Repowering Aging and Orphaned Solar
Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of behind-the-meter energy services for homes and businesses, today announced it has completed 1,000 inverter replacements using technology from Tigo Energy , Inc. (Nasdaq: TYGO). This milestone marks a new phase in Otovo's repowering business, which restores power for homeowners and businesses with aging or orphaned solar systems.
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