Ryse Energy secures funds for untapped markets: UAE-based renewable firm RyseEnergy has raised USD 15 mn in a growth funding round led by RWE Energy Transition Investments, according to a statement. RWE Energy Transition Investments is the investment arm of RWE Supply & Trading which manages a portfolio of investments in companies and assets that support the energy transition, the statement notes.

What does Ryse Energy do? The Abu-Dhabi based company is a leading manufacturer of high-performance small wind turbine technologies globally. It offers several renewable energy systems — including solar and energy storage — which can be used as standalone technologies, grid-connected, off-grid with energy storage or hybridized technologies. It operates in various sectors, including decarbonizing infrastructure in telecoms and oil and gas networks, marine agriculture applications and providing renewable energy access for rural communities.

Worldwide service including our region: The company operates manufacturing facilities in the UK and Spain, with a number of sales offices globally including the US, Europe, the UAE and India. Ryse Energy said it has either sold or installed over 4k units for clients worldwide.

Where’s the money going? The funding will pave the way for Ryse Energy to expand into untapped markets in North America and Africa where replacing diesel is a key strategic focus for decarbonization, according to the statement. The company is also exploring the possibility of expanding its manufacturing locations in the USA, the UAE and India.

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