- Tigo Energy (TYGO, Financial) settles multi-year patent infringement lawsuit with SMA, enhancing their intellectual property validation.
- The settlement concludes a legal case initiated in July 2022 over rapid shutdown technology patents.
- The settlement terms remain undisclosed, reinforcing Tigo's stance as a leader in solar technology innovation.
Tigo Energy, Inc. (NASDAQ: TYGO), a prominent name in solar and energy software solutions, has resolved a multi-year legal battle concerning patent infringement against SMA Solar Technology AG and SMA Solar Technology America LLC. This settlement concludes a legal pursuit by Tigo, which began on July 11, 2022, with a case filed under the docket number 1:22-cv-00915 in the District of Delaware.
While the specific terms of the settlement remain undisclosed, the resolution is a testament to the validity of Tigo's intellectual property portfolio. Tigo's rapid shutdown technology, compliant with UL 1741 and the U.S. National Electric Code § 690.12 on PV system safety, was central to the litigation. With over 150 patents granted or pending, Tigo remains at the forefront of Module Level Power Electronics (MLPE) technology.
CEO Zvi Alon highlighted the significance of defending intellectual property as crucial to fostering innovation and maintaining competitiveness. Tigo's market reach is expansive, with millions of their MLPE devices installed across more than 100 countries, contributing to the monitoring of an average of 2.3 GWh of daily solar production.
Founded in 2007, Tigo Energy continues to advance safety and efficiency in solar energy systems through its diverse product portfolio, including inverters and battery storage systems, tailored for both residential and utility-scale applications. For additional details on Tigo Energy's offerings and patent information, interested parties can visit their official website.
