TIGI Acquires Austria-based SOLID
HOD HASHARON, Israel, April 15, 2024 /PRNewswire/ -- TIGI (TASE: TIGI), an Israeli provider of renewable heat generation and storage solutions and services, today announced it has received the Austrian court's confirmation of the restructuring process of SOLID, a global player in the renewable heat domain, of which TIGI holds 90%. This strategic consolidation enables TIGI to combine its renewable heat technology with SOLID's global experience and execution capacity in solar-thermal systems, placing TIGI in a key position to expand into new markets and become a leader in the International Renewable Heat Energy sector.
- HOD HASHARON, Israel, April 15, 2024 /PRNewswire/ -- TIGI (TASE: TIGI), an Israeli provider of renewable heat generation and storage solutions and services, today announced it has received the Austrian court's confirmation of the restructuring process of SOLID, a global player in the renewable heat domain, of which TIGI holds 90%.
- In 2023, TIGI joined forces with SOLID to build and operate a large-scale system for generating and storing heat for a large industrial plant in California, USA.
- TIGI and SOLID will work diligently to expand our joint reach and to further enhance our offering in the Heat-as-a-Service business model.
- The consolidation of both companies' expertise and technology enables TIGI and SOLID to be key players in this industry with access to multiple opportunities.