Abu Dhabi-based Ryse receives funding from RWE Energy Transition Investments to expand its business and diversify its services.
Ryse Energy, a global leader in decentralized renewable energy systems, has raised USD 15 million in an investment funding round led by RWE Energy Transition Investments. The funding will support Ryse Energy’s international growth and diversification into energy-as-a-service, while expanding its manufacturing capacity and investing in certifications for target markets.
“This investment will enable 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, at the same time reducing greenhouse gas emissions and client energy costs,” said Alistair Munro, CEO and Founder of Ryse Energy.
Ryse Energy’s renewable energy solutions
Ryse Energy, based in Abu Dhabi, 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. With manufacturing facilities in the UK and Spain, and sales offices across the USA, Europe, the UAE, and India, Ryse Energy has sold or installed more than 4,000 units for clients worldwide.
Accelerating growth and diversification
The USD 15 million funding round, led by RWE Energy Transition Investments, will enable Ryse to accelerate its international growth and diversify its business model into energy-as-a-service. This will allow Ryse to expand its product offering while reducing greenhouse gas emissions and client energy costs.
“We are excited to support Ryse Energy in its mission to provide clean, renewable energy solutions to customers around the world,” said Costas Papamantellos, Managing Director and Head of RWE Energy Transition Investments. “We believe that Ryse Energy has the potential to be a major force for good in reducing greenhouse gas emissions in remote locations, and providing reliable and sustainable energy access to the over one billion people who currently do not have access globally. We look forward to working with Ryse Energy and supporting its growth and expansion,” Papamantellos added.
Expanding manufacturing and certifications for target markets
In addition to international growth and diversification, the funding will also enable the company to invest in its current technologies to become certified for specific target markets. The company will also expand its manufacturing capacity in strategic locations, with plans to review additional manufacturing locations in the USA, the UAE, and India.
The investment marks a significant milestone in the company’s journey towards global expansion and diversification into energy-as-a-service. With a strong focus on delivering innovative renewable energy solutions and reducing greenhouse gas emissions, Ryse Energy is poised to be a major player in the global transition to sustainable energy.
According to reports, MENA-region energy investments are set to reach USD 879 billion by 2026. Companies such as ACWA Power are undertaking significant projects across the region.