Distributed renewable energy (RE) system manufacturer Ryse Energy recently raised $15 million in a growth funding round that will help propel the company’s international growth by allowing it to expand its technology offering into untapped markets such as North America to expand and redesign its business model all the way to Energy-as-a-Service (EaaS).

Ryse Energy specializes in manufacturing high-performance small wind turbine technologies. They also offer a range of options for integration with other renewable energy systemsincluding solar power systems and energy storage modules that demonstrate great adaptability and flexibility and show how solar and wind energy can complement each other.

The company’s solutions can be on-grid or off-grid through different types of hybridization. These solutions have been deployed in a variety of sectors, including utility infrastructure such as telecommunications and oil and gas networks, as well as marine and agricultural applications. In addition, these solutions have also been deployed in remote communities for rural electrification.

This round of funding was led by RWE Energy Transition Investments, an investment vehicle of RWE Supply & Trading GmbH, the energy trading arm of global renewable energy company RWE Group.

“This investment will allow us to accelerate our growth and expand our product offering while continuing to deliver innovative distributed renewable energy systems to our customers around the world while reducing customers’ greenhouse gas emissions and energy costs,” said Alistair Munro, CEO and Founder of Ryse Energy.

“We believe Ryse Energy has the potential to be a major force for good in reducing greenhouse gas emissions in remote locations and providing a reliable and sustainable way for the over 1 billion people who currently lack access around the world to provide access to energy. We look forward to working with Ryse Energy and supporting its growth and expansion,” said Costas Papamantellos, Managing Director and Head of RWE Energy Transition Investments.

Ryse Energy will also invest in its current technologies to become certified for specific target markets and expand its production capacity in strategic locations such as the US, UAE and India.

To date, the company has delivered over 4,000 installations on all seven continents.