Apricum, the transaction and strategy consulting firm specializing in renewable energy solutions, has announced the successful completion of their recent capital raise mandate to support decentralized renewable energy solutions provider Ryse Energy’s global growth and product offering expansion. Ryse Energy raised $15m in a round led by RWE Energy Transition, an investment vehicle of RWE.
To secure the required capital, Apricum advised Ryse Energy through the entire investor mandate process, including deal structuring, partner search and negotiations up to closing support. With the capital raise executed, Ryse Energy is well positioned to grow its business in new and untapped markets, as well as to support its hiring plans, manufacturing capabilities and product offering expansion to meet current and future demand.
Apricum Partner and Head of Transaction Advisory Charles Lesser commented, “We are proud to have secured this investment round for Ryse Energy to capture its global opportunity in decentralized hybridized renewables. This round achieved all of the company’s fundraising ambitions, in contrast to the deteriorating macro environment. That result is testament to the quality of the Ryse team and Apricum’s exceptional investor access and client commitment.”
Ryse Energy is now planning to continue is growth trajectory entering untapped markets such as North America, where community power and displacing diesel are key focus areas, and in Africa, where energy access and powering critical infrastructure such as healthcare and telecoms are strategic priorities. In addition, Ryse Energy will scale-up its team globally and continue investing in its technologies and manufacturing capabilities to expand its offering and meet growing 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 and founder of Ryse Energy. “This investment will enable us to accelerate our growth and expand our product offering, while continuing to deliver innovative decentralized renewable energy systems to our customers around the world, at the same time reducing greenhouse gas emissions and client energy costs.”
“We are excited to support Ryse Energy in its mission to provide clean, renewable energy solutions to customers around the world,” said Costas Papamantellos, managing director and head of RWE Energy Transition Investments. “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. We look forward to working with Ryse Energy and supporting its growth and expansion.”
Apricum’s team on this transaction comprised Partner Nikolai Dobrott, Partner Charles Lesser and Vice President Giovanni Sturiale.
About Ryse Energy
Ryse Energy is the global leader in decentralized renewable energy solutions, providing world-class technologies and full on/off-grid energy generation system solutions to some of the most challenging urban and rural environments, underpinned by the experience of over 4,000 renewable energy projects globally. Ryse Energy provides hybridized wind, solar PV and battery storage systems to a wide range of customers globally offering a comprehensive solution, with its core small-scale wind technology manufactured in-house, full project development and long-term servicing.
About RWE Energy Transition Investments
RWE Transition Investments is an investment vehicle of RWE, the German multinational energy company active globally. RWE is already a leading global player in the renewable energy generation and will continue leading the way to a green energy world with an extensive investment and growth strategy to expand its green generation capacity to 50 gigawatts internationally by 2030.
About Apricum
Apricum – the Cleantech Advisory is a strategy consulting and transaction advisory advisory firm focused exclusively on the cleantech and renewable energy industries. With over 70 professionals and deep industry and technical expertise, Apricum brings exceptional experience and knowledge. The group’s unique blend of strategy consulting and transaction advisory services helps clients with both direction and execution. Over 15 years Apricum has delivered more than 400 successful projects in 30 countries. Apricum offers clients the complete spectrum of services in strategy consulting from technology assessment, market screening, value chain analysis, business model development, and due diligence to investment banking (corporate and asset M&A, debt and equity fundraising, and corporate finance).
photo: Peter Beukema
