Ryse Energy Raises $15 Million in Growth Capital Round

Ember study claimed that the share of wind and solar energy in India touched 9% inn 2022.

Global decentralized renewable energy systems provider Ryse Energy, has said that it has raised a $15 million growth funding round. The firm claims to have sold or installed more than 4,000 units of decentralized renewables worldwide.

Ryse Energy said that the funding 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.

Ryse Energy is expected to accelerate its international growth and enter untapped markets, expand its technology offerings, and continue to diversify its business model into energy-as-a-service.

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Ryse Energy says that it’s 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 renewable systems of of the company 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.

Alistair Munro, CEO & Founder of Ryse Energy, said, “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.”

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Costas Papamantellos, MD & Head of RWE Energy Transition Investments, stated, “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.”

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.

Ryse Energy said that it will also invest in its current technologies to become certified for specific target markets and in addition, the funding will enable the firm to expand its manufacturing capacity in strategic locations, with the company currently reviewing additional manufacturing locations in the USA, the UAE and India.