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 a total of $22.3M across 5 funding rounds from 3 investors. In March 2021, Tigi went public on TASE.

Business overview

Tigi specializes in renewable heat generation and storage solutions for large industrial and commercial heat consumers. The company's offerings include solar thermal collectors, heat pumps, managed thermal storage, control systems, and cloud services, all designed to enhance energy utilization and reduce greenhouse gas emissions. Its core product, the patented Honeycomb collector, uses transparent insulation technology for efficient heating up to boiling point, even in cold climates. Tigi serves various sectors, including industrial, agricultural, and commercial settings across markets like the United States, Europe, and Israel, and is transitioning to a heat-as-a-service model to become a distributed renewable-heat utility company.

Strategic signal

In July 2024, Tigi entered into a strategic partnership with Eren Groupe to address the increasing demand for renewable heat solutions. This collaboration signals Tigi's commitment to expanding its market reach and leveraging strategic alliances to accelerate the adoption of its energy-efficient technologies, positioning the company for further growth in the renewable energy sector.

Company Intelligence Q&A

What was a significant recent strategic partnership for Tigi?

In July 2024, Tigi entered into a strategic partnership with Eren Groupe to meet the growing demand for renewable heat solutions, aiming to expand its market presence and accelerate the adoption of its technologies.

What was a key acquisition made by Tigi?

In December 2023, Tigi acquired Austria-based Solid Solar Energy Systems GmbH, expanding its footprint in Europe and integrating new capabilities into its renewable heat solutions.

What is Tigi's primary product offering?

Tigi's primary product is the Honeycomb collector, a patented solar thermal collector that utilizes transparent insulation technology for efficient heat generation and is suitable for industrial, agricultural, and commercial applications.

When did Tigi go public?

Tigi went public on TASE in March 2021.

What recent recognition did Tigi receive?

In March 2024, Tigi won E.ON's energy solutions for buildings and industry challenge, receiving the Climate Solutions Prize for its innovative renewable heat solutions.