Off-grid renewables firm Ryse Energy raises USD 15m in RWE-led round

• Ryse Energy, a professional in decentralised renewable resource systems, has actually raised USD 15 million (EUR 13.7 m) in a growth funding round led by RWE Energy Transition Investments, an investment vehicle of the energy trading arm of German energy team RWE AG (ETR: RWE).

Ryse makes little wind turbines and likewise offers solar, storage space and also hybrid eco-friendly systems. Its markets consist of decarbonising infrastructure such as telecoms as well as oil as well as gas networks, aquatic as well as agriculture applications, in addition to rural electrification.

The firm stated on Tuesday it will certainly utilize the new funding to accelerate growth as well as enter new markets such as The United States and Canada, with a focus on community power and displacing diesel, and Africa, where the accent will get on energy access as well as powering crucial infrastructure.

Ryse will certainly additionally buy certifying innovations as well as increasing its manufacturing capacity in strategic places.

The company presently has production facilities in the UK and also Spain, and also sales offices in the USA, Europe, the United Arab Emirates and India. It states it has actually so far offered or mounted greater than 4,000 units worldwide.

"Our company believe that Ryse Energy has the potential to be a major force permanently in reducing greenhouse gas exhaust in remote areas, and supplying reliable as well as sustainable energy access to the over one billion individuals that currently do not have access worldwide," said Costas Papamantellos, head of RWE Energy Transition Investments.