Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology Partnership, Repowering Aging and Orphaned Solar

OSLO, Norway--(BUSINESS WIRE)--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.

Highlights

• Otovo has now completed 1,000 inverter replacements using Tigo technology.
• Nearly 400,000 U.S. residential solar systems reach the 10-year age mark every year for the next five years. More than one million systems have already passed that mark.
• Tigo's open architecture allows Otovo to service many types of legacy solar systems, not just one brand.
• Tigo Inverter Power Output Control lets Otovo match new equipment to each system's original requirements.
• The partnership supports Otovo's strategy of restoring service to aging and orphaned solar systems at scale.

"Otovo's mission is to build the world's leading home energy service platform," said William J. (John) Berger, CEO of Otovo. "Reaching 1,000 inverter replacements shows that our repowering business is working. Tigo's technology gives our teams the flexibility to handle many types of legacy solar systems. For homeowners with aging or orphaned systems, that flexibility helps us get them producing power again quickly."

"The installed base of solar is now large enough that repowering needs to become a core service discipline for installers," said Zvi Alon, chairman and chief executive officer of Tigo Energy. "Otovo shows what this opportunity looks like at scale. Companies like Otovo prove there is real demand for a repeatable way to repower aging systems and get customers back online."

Otovo uses the Tigo EI Inverter and TS4 Flex MLPE products to service a wide range of legacy solar systems. These open systems give Otovo's technicians module-level monitoring and rapid shutdown on every job. The Tigo EI Inverter's wide voltage range and compact design help Otovo's teams fit more repowering projects with fewer equipment constraints. Using Tigo Inverter Power Output Control (IPOC), Otovo's technicians set the right power output for each site during setup in the field. Together, these tools help Otovo match new equipment to each system's original requirements and simplify complex repowering jobs for its customers.

The need for repowering is growing quickly. Nearly 400,000 U.S. residential solar systems will reach the 10-year age mark every year for the next five years. More than one million systems have already passed that mark. As the installed base ages, homeowners increasingly need help with failed equipment, discontinued products, changing energy needs, and orphaned systems left behind by installers that have gone out of business. Otovo's platform, powered by its proprietary Endurance™ AI system, is built to meet this need at scale.

About Otovo

Otovo is an AI-Native behind-the-meter energy services company serving homes and businesses across 14 European markets, Israel and the United States. Otovo combines equipment monitoring, rapid repairs, dependable power supply and grid participation in one service. Endurance™, Otovo’s AI platform, monitors installed equipment, optimizes service from problem detection to resolution and coordinates repairs around the clock. “Your Power, Backed by Ours.” Otovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at otovo.com.

Tigo Energyについて

2007年に設立されたTigo Energy, Inc. (Nasdaq: TYGO)は、住宅、商業施設、公共施設規模の太陽光発電システムの安全性を高め、エネルギー収量を増加させ、運用コストを削減するスマートなハードウェアおよびソフトウェア・ソリューションの開発・提供における世界的リーダーです。Tigoは、Flex MLPE（Module Level Power Electronics）とソーラー・オプティマイザー技術を、高度なエネルギー監視・制御のためのインテリジェントなクラウドベースのソフトウェア機能と組み合わせています。TigoのMLPE製品は、性能を最大化し、リアルタイムのエネルギー監視を可能にし、モジュール・レベルで法令で要求される迅速なシャットダウンを提供する。同社はまた、住宅用ソーラー・プラス・ストレージ市場向けのインバーターや蓄電池システムなどの製品も開発・製造している。詳細については、www.tigoenergy.com。

将来の見通しに関する記述

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Contacts
Matt Dallas
917-363-1333
[email protected]

Technica Communications for Tigo Energy
Cait Caviness
Email: [email protected]