Ryse Vitality, a specialist in decentralised renewable vitality techniques, has raised USD 15 million (EUR 13.7m) in a development funding spherical led by RWE Vitality Transition Investments, an funding automobile of the vitality buying and selling arm of German vitality group RWE AG (ETR:RWE).
Ryse manufactures small wind generators and likewise affords photo voltaic, storage and hybrid renewable techniques. Its markets embrace decarbonising infrastructure equivalent to telecoms and oil and fuel networks, marine and agriculture purposes, in addition to rural electrification.
The corporate mentioned on Tuesday it should use the brand new funding to speed up development and enter new markets equivalent to North America, with a give attention to neighborhood energy and displacing diesel, and Africa, the place the accent shall be on vitality entry and powering crucial infrastructure.
Ryse may also put money into certifying applied sciences and increasing its manufacturing capability in strategic places.
The corporate at the moment has manufacturing services within the UK and Spain, and gross sales workplaces within the USA, Europe, the United Arab Emirates and India. It says it has to date offered or put in greater than 4,000 models globally.
“We believe that Ryse Energy has the potential to be a major force for good in reducing greenhouse gas emission in remote locations, and providing reliable and sustainable energy access to the over one billion people who currently do not have access globally,” said Costas Papamantellos, head of RWE Energy Transition Investments.
(USD 1 = EUR 0.916)