Tigi

Company Overview

Snapshot

Founded in October 2007 by Zvika Klier, Shimon Klier, and Moshe Ben Yishai, Tigi operates with 11–50 employees. The company has raised $22.3M across 5 funding rounds and completed a strategic acquisition of Austria-based SOLID in December 2023.

Business overview

Tigi specializes in renewable heat generation and storage solutions for large industrial and commercial heat consumers. Its core technology includes the patented Honeycomb collector, which uses transparent insulation for efficient heating up to boiling points, even in cold climates. Tigi also offers heat pumps, managed thermal storage, control systems, and cloud services. The company serves multinational industries, wineries, hotels, and residential users, particularly in cold climates, and is transitioning to a Heat-as-a-Service model to finance systems for customers, aiming to become a distributed renewable-heat utility company. Tigi operates within the Energy Tech, Climate Tech, and Clean Industry Tech sectors.

Strategic signal

In July 2024, Tigi entered a strategic partnership with Eren Groupe, a global energy transition player. This collaboration involves Eren Groupe participating in a fundraising round to become a minority shareholder and boost Tigi's growth, with up to 40M Euros made available for equity financing of projects. This partnership signals significant market validation and a strategic move towards expanding Tigi's Heat-as-a-Service model, positioning the company for accelerated growth and broader market penetration in renewable heat solutions.

Company Intelligence Q&A

What was a significant strategic partnership for Tigi in 2024?

In July 2024, Tigi entered a strategic partnership with Eren Groupe to meet the growing demand for renewable heat solutions. Eren Groupe will participate in a fundraising round to become a minority shareholder and will collaborate with Tigi to set up platforms for developing, financing, and operating renewable heat projects via a Heat-as-a-Service model, making up to 40M Euros available for equity financing.

What acquisition did Tigi complete in late 2023?

In December 2023, Tigi acquired Austria-based SOLID (Solid Solar Energy Systems GmbH), a leader in large-scale solar thermal heating systems. This acquisition was part of Tigi's strategic penetration into Europe, combining its renewable heat technology with SOLID's global experience to expand into new markets.

Did Tigi receive any notable awards or recognition in early 2024?

In March 2024, Tigi won the Climate Solutions Prize for its decarbonization of heat solution in the E.ON Energy Solutions for Buildings and Industry Challenge, presented by Start-up Nation Central. This award included an engagement package with the E.ON team and a $10,000 grant.

What was a key project for Tigi in California in 2023?

In June 2023, Tigi completed a $5M deal with US-based Key Equipment Finance to provide low-cost, reduced-emissions, and renewable heat energy for a large industrial factory in California. This project involved a partnership with SOLID Solar Energy Systems to build and operate a large-scale heat generation and storage system.

What was Tigi's initial public offering event?

In March 2021, Tigi completed an Initial Public Offering (IPO) on the TASE (Tel Aviv Stock Exchange).