Ryse Energy, an Abu Dhabi, UAE-based global leader in decentralized renewable energy systems, raised a $15m growth funding round.
The 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.
The company intends to use the funds to accelerate its international growth and enter new markets, such as North America, and Africa, expand its technology offerings, and continue to diversify its business model into energy-as-a-service.
Led by Alistair Munro, CEO & Founder, Ryse Energy is 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 renewable systems 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.
The company has manufacturing facilities in the UK and Spain, with sales offices across the globe including the USA, Europe, the UAE and India. It has sold or installed more than 4,000 units for clients worldwide.
FinSMEs
11/04/2023