Ryse Energy, a leader in decentralized renewable energy systems, has raised a $15 million growth funding round — led by RWE Energy Transition Investments.
The investment will enable Ryse Energy to accelerate its international growth and enter untapped markets, expand its technology offerings, and diversify its business model into energy-as-a-service.
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.
The new funding will enable Ryse Energy to enter untapped markets such as North America, where community power and displacing diesel are key focus areas, and Africa, where energy access and powering critical infrastructure such as healthcare and telecoms are strategic priorities. In addition, the company will be hiring globally to keep up with current and future demand.
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.