Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Investing.com -- Tigo Energy Inc (NASDAQ:TYGO) stock rose 3% after the company announced a new software feature that allows solar installers to limit the AC power output of Tigo inverters during the commissioning process.
The new Inverter Power Output Control (IPOC) feature enables installers to set specific AC power ratings for inverters, which is particularly valuable for meeting precise system power targets required for incentives or when updating legacy solar systems with new inverters.
This development comes as the solar industry faces a growing inverter replacement market. According to Wood Mackenzie data cited by Tigo, more than one million residential solar systems in the U.S. are over 10 years old, with approximately 400,000 more reaching this age annually over the next five years.
The self-guided IPOC feature allows installers to configure maximum AC nameplate rating via the Tigo EI App during commissioning. The company provides documentation to verify compliance for authorities and solar incentive program administrators.
"For us to consistently improve and repower legacy residential systems, Tigo has given us a way to quickly customize the output power to keep our customers in compliance with the incentive programs that got them into solar in the first place," said Nick Sherman, CEO at EnergyAid.
JD Dillon, chief marketing and customer experience officer at Tigo Energy, explained that the feature was developed in response to market demand: "While it may feel counterintuitive to make a technology product do less of what it is designed to do, the ability to quickly and easily derate Tigo inverters with the IPOC feature was an entirely market-driven development."
The company notes that this capability could help installation companies reduce inventory complexity by enabling software adjustments rather than requiring multiple inverter models.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.