Abu Dhabi-based Ryse Energy raises $15M funding round led by RWE

To accelerate global growth and expand renewable energy solutions, Ryse Energy has secured $15 million 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 is a global leader in renewable energy systems, headquartered in Abu Dhabi, specializing in high performance small wind turbine technology, solar and energy storage solutions.

The funding will allow Ryse Energy to diversify its business model into energy-as-a-service and expand its technology offerings, while also investing in certification for specific target markets and expanding manufacturing capabilities in strategic locations.

One of the 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 the energy challenges of remote communities and critical infrastructure, Ryse Energy aims to provide sustainable energy to the more than 1 billion people without access to electricity. “We believe Ryse Energy has the potential to be a major force in reducing greenhouse gas emissions and providing sustainable energy access in remote areas,” Costas Papamantellos, managing director and head of energy transition investments at RWE, told #StartupScene.

Alistair Munro, CEO and founder of Ryse Energy, added: “This investment will help us accelerate our growth and expand our product offerings, while continuing to deliver innovative decentralized renewable energy systems to our customers around the world, as well as reducing greenhouse gases. Emissions. Gas emissions and customer energy costs happen at the same time!”

The funding will also allow Ryse Energy to hire globally to meet current and future needs as the company expands its operations. With manufacturing facilities in the UK and Spain and sales offices in the US, Europe, UAE and India, Ryse Energy is well-positioned to grow further and positively impact the renewable energy industry.