Tigi Overview
TIGI specializes in renewable heat generation and storage solutions, designed for large industrial and commercial heat consumers. The company's comprehensive offerings include solar thermal collectors, heat pumps, managed thermal storage, control systems, and cloud services, all aimed at enhancing energy utilization and reducing greenhouse gas emissions. The Honeycomb collector, a cornerstone of TIGI's technology, utilizes transparent insulation technology developed in-house. This patented collector is highly efficient at heating to target temperatures, even up to boiling point, and performs effectively in cold climates. It is suitable for a range of applications, including industrial, agricultural, and commercial settings, and offers a long lifespan with a cost-effective energy output. Certified and patented in the United States and Europe, TIGI’s solutions are utilized by various sectors, including multinational industries, wineries, hotels, and residential users, particularly in cold climates like Norway. Additionally, TIGI is transitioning towards a service-based business model, offering heat as a service to finance the systems for customers, aligning with its vision to evolve into a distributed renewable-heat utility company.
Cumulative Funding Raised Over Time ($)
$9.5MJan 2016
$11.5MJan 2023
$12.0MNov 2024
Latest News
רציו טכנולוגיות תשקיע בחברת תיגי 2 מיליון שקלים תמורת מניות
תיגי מחפשת לגייס ונשנעת על צבר הזמנות ופעילות בארה”ב
growth-positive
TIGI enters into a strategic partnership with Eren Groupe to meet growing demand for renewable heat solutions
TIGI, a provider of renewable heat generation and storage solutions, has entered into a partnership with Eren Groupe, a global player in energy transition. Eren will participate in a fundraising round to become a minority shareholder of TIGI and boost its growth. The two companies will set up platforms for developing, financing, and operating renewable heat projects via a Heat-as-a-Service model. Up to 40M Euros will be made available for equity financing of projects providing capacity to finance projects valued at 100M Euros. TIGI has also completed the acquisition of SOLID, a leader in large-scale solar thermal heating systems.
PartnersInvestment
growth-positive
TIGI Acquires Austria-based SOLID
TIGI, an Israeli provider of renewable heat generation and storage solutions, has received confirmation from an Austrian court for the restructuring process of SOLID, a global player in the renewable heat domain, of which TIGI holds 90%. This merger will allow TIGI to combine its renewable heat technology with SOLIDs global experience and execution capacity in solar-thermal systems, positioning TIGI to expand into new markets and become a leader in the International Renewable Heat Energy sector. The acquisition will extend TIGIs global footprint, create synergy between the two companies technologies and expertise, and combine their talent and skill.
AcquisitionExpand
growth-positive
TIGI wins E.ON's energy solutions for buildings and industry challenge - Climate Solutions Prize
Israeli renewable heat generation and storage solutions provider, TIGI, has won the Climate Solutions Prize for its decarbonization of heat solution in the E.ON Energy Solutions for Buildings and Industry Challenge. The award, presented by Start-up Nation Central, recognises innovative startups addressing environmental issues. TIGI will receive an engagement package with the E.ON team and a $10,000 grant. The companys CEO, Zvika Klier, stated that the award reinforces their commitment to green heating and sustainable energy in the industry and buildings sector.
CustomersPartners
| Sector | Energy Tech |
Funding
| Total funding | $22.3M |
| Last funding | $530K |
| Stage | Public |
| Rounds | 5 |
| Investors | 3 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | www.tigisolar.com |
Locations
Atir Yeda St 20, Kefar Sava, Israel
Photos & Videos
1 item(s)
Tigi Business
Business models
B2B, B2G
Product stage
Released
Employees
11-50
Sector
Energy TechEnergy Production & SourcesClimate TechEnergy TransitionClean Energy GenerationClean Industry Tech Eco-Efficient ManufacturingTarget Customer
Defense, Safety & SecurityNational SecurityMilitaryReal Estate & ConstructionManagementResidentialTravel & TourismHospitalityHotelsIndustrial ManufacturingHybrid IndustriesFood & BeveragesAgriculture & FoodCore Technology
—Tags (14)
energy-efficiencywater-heatingrenewable-energysolar-energysolar-collectorsmanagement-solutionsheatingenergysolar-thermal-energyclimate-techmanufacturing-facilitieshospitalsagricultureenergytechGeographic Markets
NorwayUnited StatesSingaporeIsraelEuropeChinaAustriaSwedenTigi Financials
$22.3M
Total funding
Undisclosed
Capital raised
$530K
Last funding
Public
Funding stage
5
Total rounds
3
Investors
Cumulative Funding Raised Over Time ($)
$9.5MJan 2016
$11.5MJan 2023
$12.0MNov 2024
Private Equity Funding
PIPE
Nov 2024
$530K
Ratio Technologies
Convertible Debt
Jan 2023
$2M
Kobi Richter
A Round
Jan 2016
$9.5M
Undisclosed Investor(s)
Non-Equity Funding
GrantEvent
Feb 2024
$270K
E.ON
Public Offering / Exit
POEvent
Mar 2021
Undisclosed
Mergers & Acquisitions
MNAEvent
Dec 2023
Undisclosed
Tigi Lifecycle
Cumulative Funding Raised Over Time
$9.5MJan 2016
$11.5MJan 2023
$12.0MNov 2024
All Events
PIPE
Nov 2024
$530K
Ratio Technologies
Convertible Debt
Jan 2023
$2M
Kobi Richter
A Round
Jan 2016
$9.5M
Undisclosed Investor(s)
GrantEvent
Feb 2024
$270K
E.ON
POEvent
Mar 2021
Undisclosed
MNAEvent
Dec 2023
Undisclosed
Tigi News
13 articlesרציו טכנולוגיות תשקיע בחברת תיגי 2 מיליון שקלים תמורת מניות
תיגי מחפשת לגייס ונשנעת על צבר הזמנות ופעילות בארה”ב
growth-positive
TIGI enters into a strategic partnership with Eren Groupe to meet growing demand for renewable heat solutions
TIGI, a provider of renewable heat generation and storage solutions, has entered into a partnership with Eren Groupe, a global player in energy transition. Eren will participate in a fundraising round to become a minority shareholder of TIGI and boost its growth. The two companies will set up platforms for developing, financing, and operating renewable heat projects via a Heat-as-a-Service model. Up to 40M Euros will be made available for equity financing of projects providing capacity to finance projects valued at 100M Euros. TIGI has also completed the acquisition of SOLID, a leader in large-scale solar thermal heating systems.
PartnersInvestment
growth-positive
TIGI Acquires Austria-based SOLID
TIGI, an Israeli provider of renewable heat generation and storage solutions, has received confirmation from an Austrian court for the restructuring process of SOLID, a global player in the renewable heat domain, of which TIGI holds 90%. This merger will allow TIGI to combine its renewable heat technology with SOLIDs global experience and execution capacity in solar-thermal systems, positioning TIGI to expand into new markets and become a leader in the International Renewable Heat Energy sector. The acquisition will extend TIGIs global footprint, create synergy between the two companies technologies and expertise, and combine their talent and skill.
AcquisitionExpand
growth-positive
TIGI wins E.ON's energy solutions for buildings and industry challenge - Climate Solutions Prize
Israeli renewable heat generation and storage solutions provider, TIGI, has won the Climate Solutions Prize for its decarbonization of heat solution in the E.ON Energy Solutions for Buildings and Industry Challenge. The award, presented by Start-up Nation Central, recognises innovative startups addressing environmental issues. TIGI will receive an engagement package with the E.ON team and a $10,000 grant. The companys CEO, Zvika Klier, stated that the award reinforces their commitment to green heating and sustainable energy in the industry and buildings sector.
CustomersPartners
growth-positive
תיגי נכנסת לאירופה: רוכשת את סוליד האוסטרית שנקלעה למצוקה תזרימית
תיגי, a company operating in the field of commercial and industrial heating systems that include renewable energy components, is acquiring control of the Austrian company Solid, which has fallen into a liquidity crisis. This move is part of a strategic penetration into Europe. Solid specializes in thermal-solar systems for industry and regional heating, having established over 200 systems worldwide and holding a 45% stake in a system set up in California jointly with תיגי. Solid ran into liquidity problems due to cost overruns of €2.4 million on two major projects completed in the US and the postponement of two projects in Austria and Croatia worth about €10.8 million.
Acquisition
growth-positive
Of Galil Selects TIGI Solar to Launch first-of-its-kind Industrial Heat Electrification in Israel
TIGI Solar, an Israeli renewable heat generation and storage solutions provider, has been chosen by Of Galil Ltd to install Israels first industrial-heat-pump-based renewable energy heat system. The system, which includes thermal heat storage and cloud-based monitoring and management, will replace a large Mazut-burning water heating boiler. The project, valued at approximately 2.2 million ILS, is part of TIGI and its industrial customers commitment to reducing emissions and reliance on fossil fuels.
CustomersPartners
growth-positive
TIGI completes $5M deal with US-based Key Equipment Finance bank to provide low cost, reduced emissions, and renewable heat energy for large industrial factory in California
TIGI Solar, an Israeli renewable heat generation and storage solutions provider, has partnered with Austrias Solid Solar Energy Systems to build and operate a large-scale heat generation and storage system for an industrial plant in California. The project, which has been purchased by US-based Key Equipment Finance (KEF) for $5M, will be operated by TIGI SOLID. The system will significantly reduce the plants greenhouse gas emissions and increase efficiency. The project is supported by the California Solar Initiative program and a federal tax incentive via the new Inflation Reduction Act.
PartnersInvestment
growth-positive
TIGI Receives an Order from Strauss for a Heat Generation & Storage System to Reduce Energy Costs and Lower Emissions
TIGI Solar has received an order from Strauss Israel to purchase a heat management and storage system based on TIGIs patented Honeycomb Solar Thermal Collectors. The system will be used for pre-heating steam boiler water, reducing reliance on gas and lowering greenhouse gas emissions. The project is endorsed by the Greenhouse Gas Reduction program of the Israeli Ministry of Economy. TIGI Solar offers renewable heat generation and storage solutions for large heat users, and their systems integrate various heat sources and provide smart heat storage for industrial processes. TIGI Solar has recently announced other deals, including a project in California and installations in Israel.
PartnersCustomers
growth-positive
TIGI partners with SOLID Solar Energy Systems to Develop a Solar System for an Industrial Plant in California
TIGI Solar has invested in Solid America Energy Services to create a joint company that will build and operate a large-scale system for generating and storing heat for an industrial plant in California. The project, with an expected income of $4.25 million, includes the installation of a 3,900 sqm solar panel field and storage, which will replace the use of natural gas and significantly reduce greenhouse gas emissions. The project is supported by the California Solar Initiative program and is expected to start heat production by the end of 2022. TIGI Solars patented technology of transparent insulation aims to increase the penetration of renewable heat.
InvestmentPartners
growth-positive
חברת האנרגיה תיגי השלימה גיוס של כ-34 מיליון שקל
תיגי, a company that provides solutions for the production and storage of heat energy, has raised approximately 34 million shekels through the issuance of shares and options. If all options are exercised over a period of 3 years, the company will receive an additional 41 million shekels. The funds raised are intended to finance the companys strategic plan to expand into target markets worldwide, increase investment in business development, marketing and sales, and provide engineering, manufacturing and development resources to support business growth and support projects with its customers and business partners.
Investment
growth-positive
New solar device keeps homes warm, even in cold climes
Israeli company Tigi Solar has developed a unique solar thermal collector that is based on a honeycomb design, increasing the efficiency of collecting sun power. The company aims to reduce national energy loads in cold countries and provide a free and endless source of heat. Tigi Solar was awarded an Intersolar Europe prize for its breakthrough technology. The company is seeking a $3 million to $5 million investment to bring the product to market, with a focus on Germany.
InvestmentExpand
TIGI's Honeycomb Solar Collector Wins Big Euro Award - Green Prophet
Tigi Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 38 |
| Team members | 4 |
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Tigi Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yamila Silbert |
| Registrar ID | 514041797 |
| Crunchbase | tigi |
| Phone | +97297748800 |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-12T00:00:00.000Z |
| Created | 2014-09-10T00:00:00.000Z |
| Status detail | Public on TASE on Mar, 2021<br> |