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Clal Energy, the energy division of IDB, and Tigo Energy have signed an agreement to distribute Tigo Energy products and technologies for the enhancement of energy output across a wide range of renewable energy projects.
Dan Vardi, CEO of Clal Energy, explained, "In evaluating the Tigo Energy solution, we recognized clear value to many of our initiatives in the renewable energy sector. Our agreement is a natural step forward and reflects our confidence in Tigo's technology and position within the growing solar industry. We are exploring various photovoltaic projects in Israel and elsewhere, and we believe that with Tigo we shall bring more added value to each project."
The primary focus will be to create a new standard of kWh output efficiencies for large-scale photovoltaic solar utility projects with Clal Energy acquiring a 10% ownership position within Tigo.
