RYE, the energy intelligence solution redefining how multi-site businesses manage, monetise and scale energy operations, today announces a £900k pre-seed funding round. The investment is co-led by CapitalT and January Ventures, with participation from Earth and Norrsken Evolve. The funding will enable RYE to increase their range of product in order to better service new and existing users.
High energy prices, poor metering infrastructure and opaque billing practices are leading causes of insolvency, especially among multi-state hospitality groups. RYE exists to reverse this trend by making energy management transparent, predictable, and renewable-aligned. The company is currently piloting its technology across more than 30 locations across the UK.
Unlike legacy solutions that rely exclusively on behind-the-meter data, RYE combines on-site data with forecasting models tailored to the unique realities of the retail and hospitality operations. This approach dramatically improves demand-side granularity, enables more accurate predictions, and reduces hidden costs. By aggregating SME energy demand, RYE increases buy-side liquidity for off-market renewable energy solutions - unlocking smarter procurement strategies and more competitive pricing.
RYE is both designed to reduce energy running costs for multi-site businesses and help them scale faster by assisting them with metering, management and site maintenance.The solution also offers smart meter provisioning, automated bill validation and dispute support, real-time usage monitoring, and automated payments - simplifying energy management end to end.
Over the next five years, RYE aims to become the defining energy metering intelligence layer for multi-site business energy in Europe - enabling efficient spend and scale for high-growth retail and hospitality.
