EcoSeed

Advertise With Us                                   Contribute With Us                                

Thu12182014

Boeing successfully completes test flight with green diesel

Boeing successfully completes test flight with green diesel

Boeing has completed the world’s first flight using green diesel. On December 3,...

U.N.F.C.C.C. head urges climate action as Lima Conference begins

U.N.F.C.C.C. head urges climate action as Lima Conference begins

United Nations Framework Convention on Climate Change Executive Secretary Christ...

Philippines houses world’s largest solar-powered mall

Philippines houses world’s largest solar-powered mall

A mall in the capital city of the Philippines is now sporting a 1.5-megawatt sol...

U.S., China announce significant emissions reduction cuts

U.S., China announce significant emissions reduction cuts

The Governments of the United States and China have announced that they will be ...

Best Eco Cars of 2014

Best Eco Cars of 2014

Eco-friendly cars, also referred to as green cars, are vehicles that have a less...

Largest wind farm in Southeast Asia goes online in the Philippines

Largest wind farm in Southeast Asia goes online in the Philippines

The largest wind farm in Southeast Asia, a 150-megawatt installation in the Phil...

SPI Solar to acquire 360 MW worth of solar power projects in China

SPI Solar to acquire 360 MW worth of solar power projects in China

Solar Power, Inc. is set to become one of the largest solar developers in China....

Business

Technology

Bacteria producing sweet-smelling compound for greener fuels

Bacteria producing sweet-smelling compound for greener fuels

Tuesday, 02 December 2014

A sweet-smelling chemical compound primarily used in fragrances and flavoring is being studied for its potential as a clean and green biofuel. Methyl ...

Read more

Loading...

Politics

U.N. chief hails results of C.O.P. 20

U.N. chief hails results of C.O.P. 20

Wednesday, 17 December 2014

United Nations Secretary-General Ban Ki-moon hailed the results of the recently concluded Conference of the Parties in Lima, Peru. The Secretary-Gener...

Read more

Loading...

Living Green

Incandescent bulbs now entering their homestretch

Incandescent bulbs now entering their homestretch

Saturday, 06 December 2014

Nearly 125 years after the invention of the light bulb – technology that revolutionized the world’s way of life and living – the phased ban on sale of...

Read more

Loading...

Renewables

Low-Carbon

Seven eco-friendly home heating solutions

Seven eco-friendly home heating solutions

Friday, 12 December 2014

Environmentally friendly home heating solutions are valuable for the planet, and can lower your utility bills. With the numerous home heating alternat...

Read more

Loading...

Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

Read more

Loading...

Company which makes PV panel boosters gets $18 million investment


A California-based company which makes electronics that can improve how solar panels convert sunlight into energy by as much as 20 percent raised $18 million in its fourth financing round as it expands manufacturing and international sales.

Tigo Energy makes power optimizers about the size of a computer modem which are installed on the back of each solar panel in an array. A single device, called a maximizer management unit, calculates the optimal performance of the solar array and "tunes" each panel to achieve it.

Proceeds from the series D could support Tigo's current partnerships with companies that have agreed to install its device into their solar products.

In October, the company announced that Trina Solar, the fourth largest solar panel company worldwide, Hanwha Solar and Upsolar will offer Tigo-optimized solar panels, broadening the company's reach in the market more quickly. The system has versions for utility, commercial and residential solar installations.

The current round brought the company's total venture capital funding to just over $50 million. The round was led by Bessemer Venture Partners and joined by all existing investors including Inventec Appliances, Clal, Matrix Partners and OVP Venture Partners.

"Tigo Energy has a winning solution that has attracted many of the world's largest PV suppliers," said Lucinda Stewart, managing director at OVP. "Tigo Energy's technology helps customers of solar installations earn the most out of their investment, and we're pleased to continue to support the company's strong growth."

Power optimizer

In a typical solar array, panels are connected together in a series to form groups wired to the inverter - converting direct current to usable alternating current. Though this set-up helps in making installation easier, the disadvantage is that weak-performing panels can drag down the power production of the array.

Micro-inverter systems have been introduced as an alternative to central inverters by installing a small, efficient inverter on each panel. These devices also can optimize solar panels, but not as closely as power optimizers, according to Tigo.

The company said the Energy Maximizer uses algorithms and software based on real-time conditions to accurately compute the adjustments in each panel. Micro-inverters are said to base calculations on averages. (Oliver M. Bayani)



Featured Partners