Rye Development
West Palm Beach
About Rye Development
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.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $81.0M
- Last round: Grant (Apr 2026)
- Website: ryedevelopment.com
- Phone: +1 503 341 3709
Industries & Categories
Energy Storage, Hydroelectric, Power Grid
Social Profiles
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