Rye Development: Funding, Investors & Team (Sep 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 $14M 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.
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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 $14M 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.
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