Campbell, California:’ Tigo Energy, Inc. (NASDAQ: TYGO), a leading provider of intelligent solar and energy software solutions, has announced notable expansions and collaborations in key international markets, specifically Costa Rica and the United Kingdom, both experiencing significant growth in solar energy adoption.
Costa Rica Expansion
In Costa Rica, Tigo Energy has entered into a collaboration with PROINSO, a global supplier of solar equipment and solutions developer, to support local solar installers. This partnership comes at a pivotal time as the Costa Rican market adopts stringent new regulations mandating rapid shutdown capabilities under the NEC 690.12 standard. This regulation aims to enhance safety protocols within solar installations, ensuring that systems can quickly shut down to mitigate risks during emergencies.
Costa Rica’s solar market shows considerable potential, with increasing adoption rates but still untapped opportunities for growth. This collaboration aims to leverage PROINSO’s market presence and Tigo’s advanced safety solutions to meet the new regulatory requirements, thereby enhancing the safety and reliability of solar installations in the region.
United Kingdom Initiative
Simultaneously, Tigo Energy has confirmed its participation in the Solar & Storage Live 2024 trade show in the United Kingdom, where it will present its comprehensive suite of advanced solar products and installer services. This event is set against a backdrop of rapid growth in the UK’s solar capacity, which is forecasted to surpass 16GW in 2024. Residential installations are particularly driving this growth, accounting for over 80% of new solar projects.
The UK’s ongoing efforts to reduce carbon emissions have significantly contributed to the surge in solar energy investments. By showcasing its innovative solutions at the Solar & Storage Live event, Tigo aims to reinforce its position as a key player in the UK’s burgeoning solar market, offering state-of-the-art technologies tailored to meet the needs of local installers and consumers.
Conclusion:
Tigo Energy’s strategic moves in Costa Rica and the UK underscore its commitment to fostering the growth of the solar industry worldwide. By aligning with regulatory changes and market demands, Tigo continues to expand its global footprint and support the transition to sustainable energy.
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