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Ryse Energy, a global leader in decentralized renewable energy systems with more than 4,000 units sold or installed to customers around the world, announced that it has raised $15 million in a growth financing round.
New funding will enable Ryse Energy to enter untapped markets such as North America, where community power and alternative diesel are key areas of focus, and Africa, where energy access and powering critical infrastructure such as healthcare and telecommunications is a strategic priority . In addition, the company will hire globally to meet current and future needs, in addition to expanding its technology offering and continuing to diversify its business model into energy-as-a-service.
The round was led by RWE Energy Transition Investments, the investment vehicle of RWE Supply & Trading GmbH, the energy trading arm of global renewable energy company RWE.
small wind turbine
Ryse Energy is a major manufacturer of high performance small wind turbine technology and offers a range of additional renewable energy systems including solar and energy storage. The company has manufacturing plants in the UK and Spain and sales offices around the world including the US, Europe, UAE and India.
Ryse Energy’s renewable energy systems can be used as stand-alone technologies, on-grid or off-grid energy storage systems, or blended to create bespoke and reliable hybrid renewable energy solutions. The company is involved in a variety of sectors, from the decarbonization of critical infrastructure such as telecommunications and oil and gas networks, to marine and agricultural applications, to community power for rural electrification.
“RWE is one of the largest renewable energy companies in the world and we are delighted to have them as our lead investor and strategic partner,” said Alistair Munro, CEO and Founder of Ryse Energy. “This investment will allow us to accelerate growth and expand our product offerings, while continuing to deliver innovative decentralized renewable energy systems to customers around the world while reducing greenhouse gas emissions and customer energy costs.”
major force
“We are delighted to support Ryse Energy’s mission to provide clean, renewable energy solutions to customers around the world,” said Costas Papamantellos, Managing Director and Head of Energy Transition Investments at RWE. “We believe that Ryse Energy has the potential to be a major force in reducing greenhouse gas emissions in remote regions and provide reliable and sustainable energy to the over one billion people around the world who currently do not have access to energy. We look forward to working with Ryse Energy and supporting its development and expansion.”
Ryse Energy will also invest in its existing technology to gain certification for specific target markets, and the funding will enable Ryse Energy to expand its manufacturing capabilities in strategic locations, which the company is currently reviewing in the US, UAE and India. – trade arab news agency
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