Abu Dhabi-Based Ryse Energy Raises $15 Million In Funding Led By RWE
Poised to accelerate global growth and expand renewable energy solutions, Ryse Energy secures $15M in funding led by RWE Energy.
Ryse Energy has secured $15 million in growth funding led by RWE Energy Transition Investments, which will be used to accelerate the company's international expansion and entry into new markets. Ryse Energy, a global leader in renewable energy systems based in Abu Dhabi, specializes in high-performance small wind turbine technologies, solar, and energy storage solutions.
The funding will enable Ryse Energy to diversify its business model into energy-as-a-service and expand its technology offerings, while also investing in obtaining certifications for specific target markets and expanding manufacturing capacity in strategic locations.
One of the key focuses of Ryse Energy's expansion plans is to enter untapped markets such as North America and Africa, where energy access and community power are strategic priorities. By addressing energy challenges in communities and critical infrastructure in remote areas, Ryse Energy aims to provide sustainable energy access to over one billion people without electricity. “We believe that Ryse Energy has the potential to be a major force for good in reducing greenhouse gas emission and providing sustainable energy access in remote locations,” Costas Papamantellos, Managing Director & Head of RWE Energy Transition Investments tells #StartupScene.
“This investment will help 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,” added Alistair Munro, CEO & Founder of Ryse Energy, “as well as reducing greenhouse gas emissions and client energy costs at the same time!”
The funding will also allow Ryse Energy to hire globally to meet current and future demand as the company expands its operations. With manufacturing facilities in the UK and Spain, and sales offices worldwide in the USA, Europe, the UAE, and India, Ryse Energy is well-positioned to further its growth and make a positive impact on the renewable energy industry.
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Jan 31, 2024