Abu Dhabi, Vae (ots/PRNewswire) – Ryse Energy, a global leader in distributed renewable energy systems with more than 4,000 units sold or installed to customers worldwide, announces that it has closed a $15 million growth financing round.
The funding round was led by RWE Energy Transition Investments, an investment vehicle of RWE Supply & Trading GmbH, the energy trading arm of global renewable energy company RWE. The investment will enable Ryse Energy to accelerate its international growth and enter untapped markets, expand its technology offering and further diversify its business model towards Energy-as-a-Service.
Ryse Energy is a leading manufacturer of high performance small wind turbines and offers a range of other renewable energy systems including solar and energy storage. The company has manufacturing facilities in the UK and Spain and sales offices in the US, Europe, UAE and India.
Ryse Energy’s renewable systems can be deployed as standalone technologies, on-grid or off-grid with energy storage, or combined into customized and reliable hybrid renewable solutions. The company operates across a wide range of sectors, from decarbonization of critical infrastructure such as telecommunications, oil and gas networks, to marine and agricultural applications, to municipal power supplies for rural electrification.
“RWE is one of the largest renewable energy companies in the world and we are pleased to have them as a lead investor and strategic partner,” said Alistair Munro, CEO & Founder of Ryse Energy. “This investment will allow us to accelerate our growth and expand our product offering while continuing to provide innovative distributed renewable energy systems to our customers around the world while reducing customers’ greenhouse gas emissions and energy costs.”
“We are excited to support Ryse Energy in its mission to bring clean, renewable energy solutions to customers around the world,” sagte Costas Papamantellos, Managing Director & Head of RWE Energy Transition Investments. We believe Ryse Energy has the potential to make a significant contribution to reducing greenhouse gas emissions in remote locations and to provide reliable and sustainable access to the more than a billion people around the world who currently have no access to energy. We look forward to working with Ryse Energy and supporting its growth and expansion.”
The new financing will enable Ryse Energy to enter untapped markets such as B. North America, where powering communities and displacing diesel fuel are priorities, and Africa, where access to energy and powering critical infrastructure such as healthcare and telecommunications are strategic priorities. In addition, the company will be hiring globally to keep pace with current and future demand.
Ryse Energy will also invest in its current technologies to become certified for specific target markets. In addition, the financing will enable Ryse Energy to expand its production capacity in strategic locations, with the Company currently evaluating additional production sites in the US, UAE and India.
About Ryse Energy:
Ryse Energy is an innovative, decentralized renewable energy technology company with more than 4,000 plants on all seven continents.
We are a leading manufacturer of high-performance small wind turbines, with a product range from the smallest to the medium power. Our wind technology portfolio is the most diverse and advanced in the industry. Offering wind and solar energy as on-grid or off-grid technologies with energy storage, we combine our wind technology with photovoltaics and energy storage to create tailored and reliable hybrid renewable solutions for a variety of sectors, from infrastructure decarbonization such as telecom and O&G to municipal energy for rural electrification.
Website: LinkedIn
Information about RWE:
RWE Energy Transition Investments is an investment vehicle of RWE Supply & Trading GmbH with a mandate to manage a diversified portfolio of private equity-type financial investments in companies and assets that support the energy transition. RWE Supply & Trading GmbH is a wholly owned subsidiary of RWE AG, an international energy company that is paving the way to a green energy world. As part of a comprehensive investment and growth strategy, the company will expand its international capacity for environmentally friendly power generation to 50 gigawatts by 2030 and will invest more than EUR 50 billion gross for this purpose. RWE employs around 19,000 people worldwide and is pursuing a clear goal: to reach net zero by 2040. You can find more information at www.rwe.com
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Questions & contact:
Iain Munro,
strategy director,
Ryse Energy,
iain@ryse.energy