Ryse Energy raises $15mln in growth capital round led by RWE

Ryse Energy raises $15mln in growth capital round led by RWE

Ryse Energy, a global leader in decentralised renewable energy systems, having sold or installed more than 4,000 units for clients worldwide, announces it has raised $15 million in a growth funding round.

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. In addition, the company will be hiring globally to keep up with current and future demand, besides expanding its technology offerings and continue to diversify its business model into energy-as-a-service.

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.

Small wind turbines

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 company has manufacturing facilities in the UK and Spain, with sales offices across the globe including the US, Europe, the UAE and India.

Ryse Energy's renewable systems can be used as standalone technologies, grid-connected or off-grid with energy storage, or hybridised to