Tigi
Tigi is an Israeli renewable thermal energy company that develops and finances solar thermal systems for commercial and industrial heat users transitioning from natural gas, operating through a 2024 strategic alliance with Eren Groupe.
- Company typePrivate
- Founded2008
- HeadquartersHod Hasharon, Israel
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Tigi does
Tigi is an Israeli renewable thermal energy company, founded in 2008 and publicly listed on the Tel Aviv Stock Exchange under ticker TIGI. It develops solar thermal systems for renewable heat generation and storage, targeting commercial and industrial large heat users as a substitute for natural-gas-based thermal energy. The company's core technology is solar thermal systems for renewable heat, and its operating model centers on developing and financing renewable heat projects rather than selling commoditized equipment, with execution supported by a 2024 acquisition of Austrian solar thermal provider S.O.L.I.D. and a strategic alliance with Eren Groupe that anchors a €40M equity fund targeting €100M in renewable heat project value.
The business model is a project-development and financing platform: Tigi originates, structures, and finances renewable heat installations for industrial customers transitioning off natural gas, particularly amid European energy-security concerns. Revenue mechanics are not publicly disclosed, and pricing has not been disclosed in source material; the lean 1-10 employee structure suggests that significant portions of engineering, installation, and capital deployment are executed through partners (notably Eren Groupe for finance and S.O.L.I.D. for technology). Go-to-market is described as horizontal across C&I heat users rather than vertical-specific, with the stated strategic intent to expand renewable heat solutions globally and leverage the Eren-funded platform to scale project origination.
Financials provided in the input are internally inconsistent with the company's size and structure (figures implying multi-trillion-dollar revenue are clearly corrupted), and direct revenue, ARR, and customer logos are not disclosed. Leadership is concentrated around Zvika Klier (CEO), founder Shimon Klier, and CFO Hadar Ben Moshe.
Tigi firmographics
Firmographics- Name
- Tigi
- Website
- https://tigisolar.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Tigi is an Israeli renewable thermal energy company that develops and finances solar thermal systems for commercial and industrial heat users transitioning from natural gas, operating through a 2024 strategic alliance with Eren Groupe.
- Ownership category
- akta.pro rank
Tigi industry classification
Industry- Product category
- Solar Thermal Energy Systems
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (33241), Steam and Air-Conditioning Supply (221330)
- SIC
- Heating Equipment, Except Electric & Warm Air Furnaces (3433)
- akta.pro primary industry
- TES Components & Balance-of-Plant (Heat Exchangers, Tanks, Insulation, Pumps, Valves) (EUAFANAL)
- akta.pro secondary industry
- Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where Tigi is headquartered
LocationHeadquarters
- HQ city
- Hod Hasharon
- HQ country
- Israel
- HQ region
- Middle East
Markets served
Tigi business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel
Tigi product offering
Product offeringCore offering
Tigi develops, finances, and delivers renewable thermal energy generation and storage systems for large commercial and industrial heat users. The company leverages solar thermal technology to enable customers to transition from natural gas to renewable heat, and operates a project development and financing platform supported by a €40 million equity fund through its alliance with Eren Groupe targeting €100 million in renewable heat project value.
Product overview
TIGI provides renewable heat solutions, operating as a unified product offering focused on developing and financing renewable heat projects. The company operates through strategic partnerships and acquisitions to expand its portfolio, including a strategic alliance with Eren Groupe and the acquisition of Austrian solar thermal systems provider SOLID. The core offering centers on a platform for developing and financing renewable heat projects, targeting the transition from natural gas amid geopolitical shifts.
Differentiator
Problem solved
Functional benefit
Products and services
- Renewable thermal energy generation systems
- Renewable thermal energy storage
- Renewable heat project development and financing platform
- SOLID solar thermal installation and design services
Companies that use Tigi
Customer profileIdeal customer profiles1 record
Tigi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tigi partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Eren GroupecoreTIGI formed a strategic alliance with Eren Groupe to create a platform for developing and financing renewable heat projects. The partnership includes a €40 million equity fund targeting €100 million in project value. This alliance supports TIGI's growth strategy, leverages recent acquisitions, and aims to expand renewable heat solutions globally with focus on transitioning from natural gas.
- SOLID (Austrian solar thermal systems provider)coreTIGI acquired SOLID, an Austrian solar thermal systems provider. This acquisition strengthens TIGI's renewable heat technology portfolio and is being leveraged through the strategic alliance with Eren Groupe to expand capabilities in solar thermal solutions.
Scale indicators1 record
Recent moves4 records
Expansion highlights4 records
Tigi competitors and assessment
Company assessmentDirect peers
- Industrial Solar GmbH: German solar process-heat specialist designing and installing solar thermal systems for industrial customers. Direct peer — same product category (industrial solar thermal), same European customer segment, comparable technology approach.
- Absolicon: Swedish small/mid-cap that develops and supplies concentrated solar thermal systems for industrial process heat. Closely comparable to Tigi in product (solar thermal for industry) and target customer (industrial heat users) and competes for the same decarbonisation-driven industrial projects in Europe.
- Magaldi Industries: Italian engineering group specialising in molten-salt thermal energy storage and high-temperature heat transport. Comparable in thermal energy storage and high-temperature heat equipment — adjacent to Tigi's thermal generation-and-storage positioning.
- S.O.L.I.D. (now under Tigi) / TVP Solar: Swiss manufacturer of high-vacuum solar thermal collectors used for industrial process heat and solar cooling. Closely comparable technology and customer overlap; serves as a useful benchmark for the engineering capability Tigi absorbed via its SOLID acquisition.
- GlassPoint Solar: US/Kenya-headquartered provider of solar steam generators for industrial use (e.g., enhanced oil recovery, mining, food processing). Same product category — solar thermal for industrial steam — and same commercial/industrial target end-markets.
Broad incumbents
- BrightSource Energy: US concentrated solar power (CSP) developer building utility-scale solar thermal plants with integrated thermal storage. Larger and broader in scope (utility electricity rather than industrial heat) but uses related solar-thermal collection and storage technology.
- SolarReserve / Energy Capital & Power: SolarReserve developed utility-scale molten-salt CSP projects globally. Comparable in molten-salt thermal storage technology; differs in targeting utility electricity rather than Tigi's industrial heat focus.
- Kingspan Solar (formerly SHAP): Solar thermal division of large building-materials group Kingspan. Broader incumbent in solar thermal for buildings and some industrial use; Tigi's smaller, industrial-focused positioning sits alongside this larger commercial solar-thermal player.
Others
- Eren Groupe (parent fund/proxy): Paris-based renewable energy investor/developer that has hundreds of MWs of renewable assets (wind, solar, storage) and now anchors Tigi's €40M equity fund. Not a product competitor but the central capital and execution partner — its operating model and pipeline economics directly shape Tigi's go-to-market.
Emerging players
- HeatWayv / Greenskill (heat-pump industrial): Industrial-heat decarbonisation competitors — providers of large-scale industrial heat pumps (e.g., Mannheim Energy, Star Refrigeration, Heaten, MAN Energy Solutions heat-pump programmes). Not identical technology, but they compete directly for the same industrial decarbonisation mandates that drive demand for Tigi's solar thermal.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Tigi social profiles
Digital presenceTigi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tigi leadership team
Management profileNumber of profiles
Profiles3 records
Tigi subsidiaries and ownership
Company hierarchySubsidiaries1 record
Tigi funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tigi M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tigi
What does Tigi do?
Tigi develops, finances, and delivers renewable thermal energy generation and storage systems for large commercial and industrial heat users. The company leverages solar thermal technology to enable customers to transition from natural gas to renewable heat, and operates a project development and financing platform supported by a €40 million equity fund through its alliance with Eren Groupe targeting €100 million in renewable heat project value.
When was Tigi founded?
Tigi was founded in 2008. It employs 1 to 10 people.
Where is Tigi based?
Tigi is headquartered in Hod Hasharon, Israel, in the Middle East region.
Who are Tigi's main competitors?
Direct peers on record are Industrial Solar GmbH, Absolicon, Magaldi Industries, S.O.L.I.D. (now under Tigi) / TVP Solar and GlassPoint Solar. Broad incumbents are BrightSource Energy, SolarReserve / Energy Capital & Power and Kingspan Solar (formerly SHAP). Eren Groupe (parent fund/proxy) is listed as an others. HeatWayv / Greenskill (heat-pump industrial) is listed as an emerging player.
Does Tigi have an API?
No public API is recorded for Tigi.
What industry is Tigi in?
Tigi's product category is Solar Thermal Energy Systems. Its primary akta.pro industry code is EUAFANAL, TES Components & Balance-of-Plant (Heat Exchangers, Tanks, Insulation, Pumps, Valves), with a secondary code of EUAMAOAI, Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls). Its NAICS code is 33241 and its SIC code is 3433.