TIGI Forms Strategic Alliance With Eren Groupe to Address Rising Demand for Renewable Heat Solution

TIGI, a leading provider of renewable heat generation and storage solutions with offices in Israel and Austria, has announced a strategic partnership with Eren Groupe, a prominent global player in energy transition. This partnership will see Eren Groupe participate in a fundraising round to become a minority shareholder in TIGI, supporting its growth and expansion.

The collaboration aims to establish dedicated platforms for developing, financing, and operating renewable heat projects through an innovative Heat-as-a-Service model. This initiative seeks to make clean energy accessible and affordable for industries worldwide, with up to 40 million Euros earmarked for equity financing to support projects valued at 100 million Euros.

The shift from natural gas to renewable energy has heightened the importance of the heat sector, which constitutes a significant portion of global energy demand. Recent geopolitical developments, including the war in Ukraine, have accelerated the move away from fossil fuels.

TIGI’s recent acquisition of Austrian-based SOLID, a leader in large-scale solar thermal heating systems, bolsters its capabilities. Together, TIGI and SOLID have installed over 250 systems in more than 30 countries, serving diverse industries and regions. The partnership with Eren Groupe enhances this global reach, combining technological leadership, global execution, and robust financial capacity.

“We are pleased to be partnering with TIGI to jointly form a first-of-its-kind renewable heat project platform,” said Yonatan Shek, Managing Director of Eren Groupe. “Large-scale renewable thermal energy presents a considerable global opportunity that was previously underserved but has recently gained momentum. By joining the expertise, technology, and know-how of all three companies, we set the premise for the next important step in facilitating the energy transition and further decarbonization.”

Zvika Klier, CEO of TIGI, stated, “This marks the dawn of a pivotal journey for TIGI. We are excited to join forces with Eren to provide a platform for Heat-as-a-Service projects. This collaboration and the recent announcement with SOLID take us one step closer to being a renewable heat powerhouse, offering end-to-end solutions globally. With a tightly focused international team and projects spanning multiple continents, TIGI is set to make a significant impact on the global transition to clean energy.”