Ryse Energy, a decentralized renewable energy (RE) systems manufacturer, has successfully raised $15 million in a growth funding round led by RWE Energy Transition Investments. The investment will enable the company to expand its reach into untapped markets like North America, develop new technologies and adopt energy-as-a-service (EaaS) business model.
Ryse Energy specializes in manufacturing high-performance small wind turbines and offers a range of options for integrating with other renewable energy systems such as solar power and energy storage modules. The company's adaptable and flexible solutions can be grid-connected or off-grid, including various types of hybridization. These solutions have been used in diverse sectors such as telecoms, oil and gas networks, marine, agriculture, and rural electrification.
The company's CEO and founder, Alistair Munro, says that the investment will enable them to deliver innovative and sustainable decentralized renewable energy systems to their customers worldwide, reduce greenhouse gas emissions and client energy costs. Furthermore, Ryse Energy aims to become a major force in providing reliable and sustainable energy access to over one billion people globally who currently lack it.
Costas Papamantellos, Managing Director and Head of RWE Energy Transition Investments, believes that Ryse Energy has the potential to significantly reduce greenhouse gas emissions in remote locations and provide sustainable energy access to underserved communities worldwide. He looks forward to working with Ryse Energy and supporting its growth and expansion.
Ryse Energy plans to invest in its current technologies to become certified for specific target markets and expand its manufacturing capacity in strategic locations, including the US, UAE, and India. The company has already delivered over 4,000 installations across all seven continents, and this investment will enable them to accelerate their growth and expand their product offering while continuing to deliver innovative decentralized renewable energy systems to their customers worldwide.
