Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or installed for customers globally, reports that it has raised $15 million in a growth investment round. The business will also continue to diversify its business model into energy-as-a-service while extending its technology offerings in order to meet present and future demand.
“RWE is one of the largest renewable energy companies in the world, and we are thrilled to have them as our lead investor and strategic partner,” said Alistair Munro, CEO & Founder of Ryse Energy. We think Ryse Energy has a great deal of potential to do good by lowering greenhouse gas emissions in rural areas and supplying dependable and sustainable energy.
Ryse Energy will also invest in its current technologies to become certified for specific target markets and in addition, the funding will enable Ryse Energy to expand its manufacturing capacity in strategic locations, with the company currently reviewing additional manufacturing locations in the USA, the UAE and India.
