Abu Dhabi based Ryse Energy, a global leader in decentralized renewable energy systems, announces it has raised a $15 million in investment funding round.
The round was led by RWE Energy Transition Investments, an investment vehicle of RWE Supply & Trading GmbH, the energy trading arm of the global renewable energy company RWE.
The investment will enable Ryse Energy to accelerate its international growth and continue to diversify its business model into energy-as-a-service.
“This investment will enable us to accelerate our growth and expand our product offering, while continuing to deliver innovative decentralized renewable energy systems to our customers around the world, at the same time reducing greenhouse gas emissions and client energy costs,” said Alistair Munro, CEO & Founder of Ryse Energy.
Ryse Energy has sold or installed more than 4,000 units for clients worldwide.
Ryse Energy is a primary manufacturer of high-performance small wind turbine technologies and provides a range of additional renewable energy systems, including solar and energy storage.
The company has manufacturing facilities in the UK and Spain, with sales offices across the globe including the USA, Europe, the UAE and India.
Ryse Energy’s renewable systems can be used as standalone technologies, grid-connected or off-grid with energy storage, or hybridized to create bespoke and reliable hybrid renewable solutions. The company works across a variety of sectors, from decarbonizing critical infrastructure such as telecoms and oil & gas networks, to marine and agriculture applications, to community power for rural electrification.
“We are excited to support Ryse Energy in its mission to provide clean, renewable energy solutions to customers around the world,” said Costas Papamantellos, Managing Director & Head of RWE Energy Transition Investments.
“We believe that Ryse Energy has the potential to be a major force for good in reducing greenhouse gas emission in remote locations, and providing reliable and sustainable energy access to the over one billion people who currently do not have access globally. We look forward to working with the Ryse Energy and supporting its growth and expansion,” Papamantellos added.
Ryse Energy will also invest in its current technologies to become certified for specific target markets and in addition, the funding will enable Ryse Energy to expand its manufacturing capacity in strategic locations, with the company currently reviewing additional manufacturing locations in the USA, the UAE and India.
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