Amber has raised new international funding to continue scaling its technology globally, securing $10 million AUD with equal investment from major UK energy supplier E.ON Next UK (£2.5 million/$5 million AUD) and climate technology investor Virescent Ventures ($5 million AUD). The funding will support licensing its platform to utilities internationally, enabling more households in new markets to benefit from automation.
The investment highlights the growing global demand for Amber’s platform. By giving households direct access to the wholesale energy market, Amber enables them to use, store and sell electricity at the most valuable times, turning solar, batteries and electric vehicles into assets that cut costs and generate earnings.
Founded in 2017, Amber is Australia’s largest residential solar and battery automation provider, orchestrating more than 40% of the domestic market. With the Federal Government’s Cheaper Home Battery Program already driving a surge in installations, Amber is uniquely positioned to ensure those batteries deliver maximum value for customers while supporting a smarter, more flexible grid.
Chris Thompson, Co-CEO of Amber, said:
“Having both E.ON and Virescent invest in Amber shows the strength of support for our technology at home and abroad. From one of Europe’s largest utilities to a leading Australian climate technology investor, this backing demonstrates that our model resonates globally. It also reflects the growing recognition that households can take an active role in the energy market, reducing costs and supporting a more flexible system.”
Chris Norbury, Chief Executive of E.ON UK, said:
“Giving people the technology to access dynamic pricing and to optimise the energy generated by their solar panels or stored in their home batteries means you can not only lower energy bills in the short term but also turn everyday households into a driving force of the energy transition. Our strategic investment in Amber is another clear example of our playmaker role in making new energy work so it’s not only more affordable but also an asset for our customers and communities.”
Alex Oppes, Investment Director of Virescent Ventures, said:
“Virescent Ventures is proud to support Amber’s global push to roll out its technology - a great example of an Australian energy technology taking on the world. The Amber model helps accelerate the rollout of rooftop solar and batteries by giving customers better economics and control. In turn, this helps to decarbonise the grid, bringing us closer to net zero.”
E.ON’s investment follows the launch of a smart energy pilot, Next Solar Max, which is trialling Amber’s technology with up to 1,000 UK households. It marks the first time UK customers with solar and batteries will be able to combine a dynamic electricity tariff with intelligent home energy management.
Amber’s growing international presence reflects the appetite from major utilities and institutional investors to work with innovative technology companies that can deliver new models for customers and support the transition to smarter, more flexible energy systems.
