ABU DHABI, UAE, April 11, 2023 /PRNewswire/ — Ryse Energy, a global leader in decentralized renewable energy systems that has sold or installed more than 4,000 units for customers around the world, announces that it has raised a round of financing of growth of 15 million dollars.
The round was led by RWE Energy Transition Investments, an investment vehicle of RWE Supply
Ryse Energy is a leading manufacturer of high performance small wind turbine technologies and offers a variety of additional renewable energy systems, including energy storage and solar power. The company has manufacturing facilities in the UK and Spain, with sales offices around the world, including the US, Europe, the United Arab Emirates and India.
Ryse Energy renewable systems can be used as stand-alone, grid-connected or off-grid technologies with energy storage, or hybrid to create reliable and customized hybrid renewable solutions. The company works in a variety of sectors, from decarbonizing critical infrastructure like telecom and oil and gas networks, to marine and agricultural applications, to community power for rural electrification.
“RWE is one of the world’s largest renewable energy companies and we are delighted to have them as our principal investor and strategic partner,” said Alistair Munro, CEO and founder of Ryse Energy. “This investment will allow us to accelerate our growth and expand our product offerings, while continuing to provide innovative decentralized renewable energy systems to our customers around the world, while reducing greenhouse gas emissions and energy costs from the clients”.
“We are excited to support Ryse Energy in its mission to deliver clean and renewable energy solutions to customers around the world,” said Costas Papamantellos, Managing Director and Director of RWE Energy Transition Investments. “We believe that Ryse Energy has the potential to be a major force for good in reducing greenhouse gas emissions in remote locations and providing access to reliable, sustainable energy to more than a billion people who currently have no access. globally. We look forward to working with Ryse Energy and supporting its growth and expansion.”
The new funding will allow Ryse Energy to enter untapped markets such as North America, where community power and diesel displacement are key focus areas, and Africa, where access to energy and powering critical infrastructure such as healthcare and Telecommunications are strategic priorities. In addition, the company will hire globally to keep up with current and future demand.
Ryse Energy will also invest in its existing technologies to gain certification for specific target markets, and in addition, the funding will enable Ryse Energy to expand its manufacturing capacity in strategic locations. The company is currently reviewing additional manufacturing locations in the United States, UAE, and India.
About Ryse Energy:
Ryse Energy is an impact-driven, innovative, decentralized renewable energy technology company with more than 4,000 installations on seven continents.
We are a leading manufacturer of high performance small wind turbines, with a range of products from micro to medium capacity. Our wind technology portfolio is the most diverse and advanced in the industry. We offer wind and solar power as stand-alone technologies, either on-grid or off-grid with energy storage, and we hybridize our wind technology with solar PV and energy storage to create reliable and customized hybrid renewable solutions in a variety of applications. sectors, from decarbonizing infrastructure like telecommunications and oil and gas, to community power for rural electrification.
Website | LinkedIn
About RWE:
RWE Energy Transition Investments is an investment vehicle of RWE Supply
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