Tensor renormalization group approach to 2D classical lattice models
  We describe a simple real space renormalization group technique for two dimensional classical lattice models. The approach is similar in spirit to block spin methods, but at the same time it is fundamentally based on the theory of quantum entanglement. In this sense, the technique can be thought of as a classical analogue of DMRG. We demonstrate the method - which we call the tensor renormalization group method - by computing the magnetization of the triangular lattice Ising model. 
Michael Levin and Cody P. Nave