{"success":true,"data":{"pressRelease":{"id":"166326","rtpr_id":"nBw44Gn0Wa-20261012","ticker":"TYGO","exchange":"NASDAQ","all_tickers":["TYGO","OTOVO"],"title":"Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology Partnership, Repowering Aging and Orphaned Solar","author":"Business Wire","published_at":"2026-10-12T12:00:01.323Z","article_body":"Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology\nPartnership, Repowering Aging and Orphaned Solar\n\nOtovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of\nbehind-the-meter energy services for homes and businesses, today announced it\nhas completed 1,000 inverter replacements using technology from Tigo Energy\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2F&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=Tigo+Energy&index=1&md5=e2d7b58dfab9626c6bf9240078621383)\n, Inc. (Nasdaq: TYGO). This milestone marks a new phase in Otovo's repowering\nbusiness, which restores power for homeowners and businesses with aging or\norphaned solar systems.\n\nHighlights\n\n\n * Otovo has now completed 1,000 inverter replacements using Tigo technology.\n\n * Nearly 400,000 U.S. residential solar systems reach the 10-year age mark every\nyear for the next five years. More than one million systems have already\npassed that mark.\n\n * Tigo's open architecture allows Otovo to service many types of legacy solar\nsystems, not just one brand.\n\n * Tigo Inverter Power Output Control lets Otovo match new equipment to each\nsystem's original requirements.\n\n * The partnership supports Otovo's strategy of restoring service to aging and\norphaned solar systems at scale.\n\n\"Otovo's mission is to build the world's leading home energy service\nplatform,\" said William J. (John) Berger, CEO of Otovo. \"Reaching 1,000\ninverter replacements shows that our repowering business is working. Tigo's\ntechnology gives our teams the flexibility to handle many types of legacy\nsolar systems. For homeowners with aging or orphaned systems, that flexibility\nhelps us get them producing power again quickly.\"\n\n\"The installed base of solar is now large enough that repowering needs to\nbecome a core service discipline for installers,\" said Zvi Alon, chairman and\nchief executive officer of Tigo Energy. \"Otovo shows what this opportunity\nlooks like at scale. Companies like Otovo prove there is real demand for a\nrepeatable way to repower aging systems and get customers back online.\"\n\nOtovo uses the Tigo EI Inverter\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2Fproduct%2Fei-inverter&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=EI+Inverter&index=2&md5=a74b665c74e3fefc6ef92b900d85388d)\nand TS4 Flex MLPE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2Fts4&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=TS4+Flex+MLPE&index=3&md5=2a8a76c0849ba584648422c709934462)\nproducts to service a wide range of legacy solar systems. These open systems\ngive Otovo's technicians module-level monitoring and rapid shutdown on every\njob. The Tigo EI Inverter's wide voltage range and compact design help Otovo's\nteams fit more repowering projects with fewer equipment constraints. Using\nTigo Inverter Power Output Control (IPOC\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2Fipoc&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=IPOC&index=4&md5=2e5e5e7ab32ebbfaa4b9441e7f1c0141)\n), Otovo's technicians set the right power output for each site during setup\nin the field. Together, these tools help Otovo match new equipment to each\nsystem's original requirements and simplify complex repowering jobs for its\ncustomers.\n\nThe need for repowering is growing quickly. Nearly 400,000\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.woodmac.com%2Freports%2Fpower-markets-us-solar-market-insight-q3-2023-150158888%2F&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=400%2C000&index=5&md5=36852a47aded2678d234e08902c8299d)\nU.S. residential solar systems will reach the 10-year age mark every year for\nthe next five years. More than one million systems have already passed that\nmark. As the installed base ages, homeowners increasingly need help with\nfailed equipment, discontinued products, changing energy needs, and orphaned\nsystems left behind by installers that have gone out of business. Otovo's\nplatform, powered by its proprietary Endurance(™) AI system, is built to\nmeet this need at scale.\n\nAbout Otovo\n\nOtovo is an AI-Native behind-the-meter energy services company serving homes\nand businesses across 14 European markets, Israel and the United States. Otovo\ncombines equipment monitoring, rapid repairs, dependable power supply and grid\nparticipation in one service. Endurance(™), Otovo’s AI platform, monitors\ninstalled equipment, optimizes service from problem detection to resolution\nand coordinates repairs around the clock. “Your Power, Backed by Ours.”\nOtovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at\notovo.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fotovo.com&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=otovo.com&index=6&md5=8cfb8485dfc3d9562963e1780dd397a2)\n.\n\nAbout Tigo Energy\n\nFounded in 2007, Tigo Energy, Inc. (Nasdaq: TYGO) is a worldwide leader in the\ndevelopment and provider of smart hardware and software solutions that enhance\nsafety, increase energy yield, and lower operating costs of residential,\ncommercial, and utility-scale solar systems. Tigo combines its Flex MLPE\n(Module Level Power Electronics) and solar optimizer technology with\nintelligent, cloud-based software capabilities for advanced energy monitoring\nand control. Tigo MLPE products maximize performance, enable real-time energy\nmonitoring, and provide code-required rapid shutdown at the module level. The\ncompany also develops and manufactures products such as inverters and battery\nstorage systems for the residential solar-plus-storage market. For more\ninformation, please visit www.tigoenergy.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tigoenergy.com&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=www.tigoenergy.com&index=7&md5=c1a65c12f1805471c12797fccbfdaec2)\n.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\napplicable securities laws. Forward-looking statements include, but are not\nlimited to, statements regarding the company’s expectations, plans,\nobjectives, strategy, future operations, business performance, financial\ncondition, prospects, growth opportunities, market position, anticipated\nbenefits of transactions or initiatives, and other statements that are not\nhistorical facts. Forward-looking statements may be identified by words such\nas “anticipate,” “believe,” “continue,” “could,”\n“estimate,” “expect,” “intend,” “may,” “plan,”\n“potential,” “predict,” “project,” “should,” “target,”\n“will,” “would,” and similar expressions.\n\nThese forward-looking statements are based on current expectations,\nassumptions, estimates, and projections and are subject to risks,\nuncertainties, and other factors, many of which are beyond the company’s\ncontrol, that could cause actual results, performance, or achievements to\ndiffer materially from those expressed or implied by such forward-looking\nstatements. Such risks and uncertainties include, among others, market\nconditions, regulatory developments, competitive pressures, customer demand,\nsupply chain constraints, macroeconomic conditions, execution risks, and other\nrisks described in the Company’s public filings or other disclosures, if\napplicable.\n\nThe company undertakes no obligation to update or revise any forward-looking\nstatements contained in this press release, whether as a result of new\ninformation, future events, or otherwise, except as required by applicable\nlaw. Readers should not place undue reliance on forward-looking statements,\nwhich speak only as of the date of this press release.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261012833571/en/\n(https://www.businesswire.com/news/home/20261012833571/en/)\n\nMatt Dallas\n\n917-363-1333\n\nmatt.dallas@icrinc.com (mailto:matt.dallas@icrinc.com)\n\nTechnica Communications for Tigo Energy\n\nCait Caviness\n\nEmail: tigoenergy@technica.inc (mailto:tigoenergy@technica.inc)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw44Gn0Wa-20261012","title":"Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology Partnership, Repowering Aging and Orphaned Solar","author":"Business Wire","ticker":"TYGO","created":"2026-10-12T12:00:01.323Z","tickers":["TYGO","OTOVO"],"exchange":"NASDAQ","article_body":"Otovo Surpasses 1,000 Inverter Replacements with Tigo Energy Technology\nPartnership, Repowering Aging and Orphaned Solar\n\nOtovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of\nbehind-the-meter energy services for homes and businesses, today announced it\nhas completed 1,000 inverter replacements using technology from Tigo Energy\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2F&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=Tigo+Energy&index=1&md5=e2d7b58dfab9626c6bf9240078621383)\n, Inc. (Nasdaq: TYGO). This milestone marks a new phase in Otovo's repowering\nbusiness, which restores power for homeowners and businesses with aging or\norphaned solar systems.\n\nHighlights\n\n\n * Otovo has now completed 1,000 inverter replacements using Tigo technology.\n\n * Nearly 400,000 U.S. residential solar systems reach the 10-year age mark every\nyear for the next five years. More than one million systems have already\npassed that mark.\n\n * Tigo's open architecture allows Otovo to service many types of legacy solar\nsystems, not just one brand.\n\n * Tigo Inverter Power Output Control lets Otovo match new equipment to each\nsystem's original requirements.\n\n * The partnership supports Otovo's strategy of restoring service to aging and\norphaned solar systems at scale.\n\n\"Otovo's mission is to build the world's leading home energy service\nplatform,\" said William J. (John) Berger, CEO of Otovo. \"Reaching 1,000\ninverter replacements shows that our repowering business is working. Tigo's\ntechnology gives our teams the flexibility to handle many types of legacy\nsolar systems. For homeowners with aging or orphaned systems, that flexibility\nhelps us get them producing power again quickly.\"\n\n\"The installed base of solar is now large enough that repowering needs to\nbecome a core service discipline for installers,\" said Zvi Alon, chairman and\nchief executive officer of Tigo Energy. \"Otovo shows what this opportunity\nlooks like at scale. Companies like Otovo prove there is real demand for a\nrepeatable way to repower aging systems and get customers back online.\"\n\nOtovo uses the Tigo EI Inverter\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2Fproduct%2Fei-inverter&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=EI+Inverter&index=2&md5=a74b665c74e3fefc6ef92b900d85388d)\nand TS4 Flex MLPE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2Fts4&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=TS4+Flex+MLPE&index=3&md5=2a8a76c0849ba584648422c709934462)\nproducts to service a wide range of legacy solar systems. These open systems\ngive Otovo's technicians module-level monitoring and rapid shutdown on every\njob. The Tigo EI Inverter's wide voltage range and compact design help Otovo's\nteams fit more repowering projects with fewer equipment constraints. Using\nTigo Inverter Power Output Control (IPOC\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tigoenergy.com%2Fipoc&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=IPOC&index=4&md5=2e5e5e7ab32ebbfaa4b9441e7f1c0141)\n), Otovo's technicians set the right power output for each site during setup\nin the field. Together, these tools help Otovo match new equipment to each\nsystem's original requirements and simplify complex repowering jobs for its\ncustomers.\n\nThe need for repowering is growing quickly. Nearly 400,000\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.woodmac.com%2Freports%2Fpower-markets-us-solar-market-insight-q3-2023-150158888%2F&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=400%2C000&index=5&md5=36852a47aded2678d234e08902c8299d)\nU.S. residential solar systems will reach the 10-year age mark every year for\nthe next five years. More than one million systems have already passed that\nmark. As the installed base ages, homeowners increasingly need help with\nfailed equipment, discontinued products, changing energy needs, and orphaned\nsystems left behind by installers that have gone out of business. Otovo's\nplatform, powered by its proprietary Endurance(™) AI system, is built to\nmeet this need at scale.\n\nAbout Otovo\n\nOtovo is an AI-Native behind-the-meter energy services company serving homes\nand businesses across 14 European markets, Israel and the United States. Otovo\ncombines equipment monitoring, rapid repairs, dependable power supply and grid\nparticipation in one service. Endurance(™), Otovo’s AI platform, monitors\ninstalled equipment, optimizes service from problem detection to resolution\nand coordinates repairs around the clock. “Your Power, Backed by Ours.”\nOtovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at\notovo.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fotovo.com&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=otovo.com&index=6&md5=8cfb8485dfc3d9562963e1780dd397a2)\n.\n\nAbout Tigo Energy\n\nFounded in 2007, Tigo Energy, Inc. (Nasdaq: TYGO) is a worldwide leader in the\ndevelopment and provider of smart hardware and software solutions that enhance\nsafety, increase energy yield, and lower operating costs of residential,\ncommercial, and utility-scale solar systems. Tigo combines its Flex MLPE\n(Module Level Power Electronics) and solar optimizer technology with\nintelligent, cloud-based software capabilities for advanced energy monitoring\nand control. Tigo MLPE products maximize performance, enable real-time energy\nmonitoring, and provide code-required rapid shutdown at the module level. The\ncompany also develops and manufactures products such as inverters and battery\nstorage systems for the residential solar-plus-storage market. For more\ninformation, please visit www.tigoenergy.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tigoenergy.com&esheet=54620149&newsitemid=20261012833571&lan=en-US&anchor=www.tigoenergy.com&index=7&md5=c1a65c12f1805471c12797fccbfdaec2)\n.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\napplicable securities laws. Forward-looking statements include, but are not\nlimited to, statements regarding the company’s expectations, plans,\nobjectives, strategy, future operations, business performance, financial\ncondition, prospects, growth opportunities, market position, anticipated\nbenefits of transactions or initiatives, and other statements that are not\nhistorical facts. Forward-looking statements may be identified by words such\nas “anticipate,” “believe,” “continue,” “could,”\n“estimate,” “expect,” “intend,” “may,” “plan,”\n“potential,” “predict,” “project,” “should,” “target,”\n“will,” “would,” and similar expressions.\n\nThese forward-looking statements are based on current expectations,\nassumptions, estimates, and projections and are subject to risks,\nuncertainties, and other factors, many of which are beyond the company’s\ncontrol, that could cause actual results, performance, or achievements to\ndiffer materially from those expressed or implied by such forward-looking\nstatements. Such risks and uncertainties include, among others, market\nconditions, regulatory developments, competitive pressures, customer demand,\nsupply chain constraints, macroeconomic conditions, execution risks, and other\nrisks described in the Company’s public filings or other disclosures, if\napplicable.\n\nThe company undertakes no obligation to update or revise any forward-looking\nstatements contained in this press release, whether as a result of new\ninformation, future events, or otherwise, except as required by applicable\nlaw. Readers should not place undue reliance on forward-looking statements,\nwhich speak only as of the date of this press release.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261012833571/en/\n(https://www.businesswire.com/news/home/20261012833571/en/)\n\nMatt Dallas\n\n917-363-1333\n\nmatt.dallas@icrinc.com (mailto:matt.dallas@icrinc.com)\n\nTechnica Communications for Tigo Energy\n\nCait Caviness\n\nEmail: tigoenergy@technica.inc (mailto:tigoenergy@technica.inc)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-12T12:00:01.419201313Z","server_sent_at_ms":1791806401419},"received_at":"2026-10-12T12:00:01.469Z","source_url":"https://www.businesswire.com/news/home/20261012833571/en/"},"analysis":{"id":"154685","press_release_id":"166326","analysis_json":{"industry":{"label":"Electronic Equipment, Instruments & Components","sector":"Information Technology"},"redFlags":[],"eventType":"operations_update","narrative":"Tigo Energy partner Otovo ASA has completed 1,000 inverter replacements using Tigo technology, marking a scaling phase for the solar repowering business that restores aging and orphaned systems.\n\nOtovo uses Tigo's EI Inverter, TS4 Flex MLPE, and IPOC products to service legacy solar systems across brands, citing open architecture and field-configurable power output as key enablers.\n\nThe addressable repowering market is large: nearly 400,000 U.S. residential solar systems reach the 10-year age mark annually for the next five years, and more than one million have already passed it — a tailwind for Tigo's inverter and MLPE demand.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Tigo's repowering partnership with Otovo crosses 1,000 replacements, validating a growing aftermarket for legacy solar hardware."},"keyFigures":{"customDimensions":{"us_systems_past_10yr":"more than one million","inverter_replacements":1000,"us_systems_hitting_10yr_annually":"nearly 400,000"}},"quotedText":"Companies like Otovo prove there is real demand for a repeatable way to repower aging systems and get customers back online.","namedEntities":{"people":[{"name":"William J. (John) Berger","role":"CEO of Otovo"},{"name":"Zvi Alon","role":"Chairman and CEO of Tigo Energy"}],"products":["Tigo EI Inverter","TS4 Flex MLPE","Tigo Inverter Power Output Control (IPOC)","Endurance AI"],"companies":[{"name":"Tigo Energy, Inc.","ticker":"TYGO","relationship":"filer / technology provider"},{"name":"Otovo ASA","ticker":"OTOVO","relationship":"partner / customer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"A commercial milestone (1,000 inverter replacements by partner Otovo) validating demand for Tigo's EI Inverter and TS4 products, but no financial figures disclosed and the volume is modest relative to a meaningful revenue contribution."},"tickerRelevance":{"others":[{"ticker":"OTOVO","relevance":"partner"}],"primary":"TYGO"},"globalImportance":18,"audienceRelevance":15,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"partner-milestone","sectorWeight":"solar-hardware","financialDisclosure":"none"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"Tigo Energy partner Otovo ASA has completed 1,000 inverter replacements using Tigo technology, marking a scaling phase for the solar repowering business that restores aging and orphaned systems.\n\nOtovo uses Tigo's EI Inverter, TS4 Flex MLPE, and IPOC products to service legacy solar systems across brands, citing open architecture and field-configurable power output as key enablers.\n\nThe addressable repowering market is large: nearly 400,000 U.S. residential solar systems reach the 10-year age mark annually for the next five years, and more than one million have already passed it — a tailwind for Tigo's inverter and MLPE demand.","key_figures":{"customDimensions":{"us_systems_past_10yr":"more than one million","inverter_replacements":1000,"us_systems_hitting_10yr_annually":"nearly 400,000"}},"named_entities":{"people":[{"name":"William J. (John) Berger","role":"CEO of Otovo"},{"name":"Zvi Alon","role":"Chairman and CEO of Tigo Energy"}],"products":["Tigo EI Inverter","TS4 Flex MLPE","Tigo Inverter Power Output Control (IPOC)","Endurance AI"],"companies":[{"name":"Tigo Energy, Inc.","ticker":"TYGO","relationship":"filer / technology provider"},{"name":"Otovo ASA","ticker":"OTOVO","relationship":"partner / customer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-12T12:00:21.496Z","global_importance":18,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"partner-milestone","sectorWeight":"solar-hardware","financialDisclosure":"none"}},"durationMs":6257,"modelName":"glm-5.3-flashx"}}