Rye Development: Funding, Investors & Team (Oct 2026)
Rye Development focuses on developing pumped storage hydropower projects by converting former mining sites into energy storage facilities. The company plans, permits, and constructs closed-loop pumped storage systems using two reservoirs to store and release water for electricity generation. Its projects provide long-duration energy storage intended to support grid stability and integrate renewable energy. Rye Development works with utilities and community groups to advance these energy infrastructure projects.
Rye Development has raised $81.0M across 1 funding round on record, the most recent an undisclosed round of $81.0M announced in Apr 2026.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Rye Development Company Profile and Key Stats
Latest funding round on record: Apr 2026.
Rye Development Funding Rounds
Rye Development Founders and Leadership Team
Contact details for the Rye Development team: 1 of 1 has an email address on file.
Start 14-day free trial →Rye Development Funding Compared to Other Energy Startups
Rye Development's latest round of $81.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Rye Development in Energy and West Palm Beach
Companies Similar to Rye Development
LanzaJet producer of aviation fuel that captures waste gas emissions and uses bacteria to turn it into…
Voltus represents the "potential of us" to better manage energy through simple, cost and risk-free…
VEIR is a company working on a new method of utilizing high-temperature superconductors for electricity…
Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The…
Adden Energy is a company that creates durable, lithium-metal, solid-state batteries. These batteries have…
Maxwell Power is a renewable energy company that installs solar panels.
Apollo Atomics is the developer of a nuclear technology designed to provide sustainable power and to meet…
Mojave Energy Systems is a company that provides air conditioning solutions that reduce energy use, improve…
SMT Energy specializes in developing renewable energy projects such as solar PV, community solar, standalone…
Planted Solar is dedicated to promoting the shift towards renewable energy sources.
Our mission is to bring curbside EV charging to cities across the U.S. and advance the adoption of electric…
Branch Energy collects software and energy nerds that help accelerate the transition for a clean energy…
Rye Development Funding FAQs
What does Rye Development do?
Rye Development focuses on developing pumped storage hydropower projects by converting former mining sites into energy storage facilities. The company plans, permits, and constructs closed-loop pumped storage systems using two reservoirs to store and release water for electricity generation. Its projects provide long-duration energy storage intended to support grid stability and integrate renewable energy. Rye Development works with utilities and community groups to advance these energy infrastructure projects.
How much funding has Rye Development raised?
Rye Development has raised $81.0M across 1 round on record. The most recent is an undisclosed round of $81.0M announced in Apr 2026.
When did Rye Development last raise funding?
Rye Development's most recent funding round on record is an undisclosed round of $81.0M, announced in Apr 2026.
Who founded Rye Development?
FundedIQ lists Paul Jacob (Founder) at Rye Development.
Where is Rye Development headquartered?
Rye Development is based in West Palm Beach, Florida, United States.
How many employees does Rye Development have?
Rye Development is in the 11-50 employee band.
How does Rye Development's funding compare to other Energy startups?
Rye Development's latest round of $81.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Rye Development Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Rye Development is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Startup funding intelligence on every funded startup: the round, the investors and the founders, as a file in your inbox or searchable in the app.
Radar from $49/mo · Pro from $149/mo. Card required, nothing charged until day 15, and we email you 3 days before that. Need something specific? Custom plans from $499/mo.