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For press enquiries, get in touch at media@amberelectric.com.au
Amber at a glance:
- Amber is a new kind of electricity retailer, helping accelerate Australia’s shift to 100% renewables
- We give households access to real-time wholesale energy prices and the ability to shift usage to when power is cheaper and greener
- For customers with home batteries, that shifting happens automatically through Amber for Batteries
- We’re also developing Australia’s first residential vehicle-to-grid (V2G) technology, helping EVs support the grid and unlocking extra value for our customers
- Amber operates the largest virtual power plant (VPP) in Australia, with almost double the capacity of the next biggest player.
- Amber supports over 40,000 customers in managing and optimising their energy use
- ~3/4 of Amber for Batteries customers had a bill below $0 in the last 12 months
- Amber for Batteries customers are earning over $1,000 pa of additional value from their batteries, bringing down battery pay back periods significantly
Amber in the media
The Melbourne-headquartered battery automation company was boosted by Morgan Stanley’s climate tech fund, 1GT, alongside Innovation Victoria, E.ON., and the UK’s ETF Partners.
Morgan Stanley's (MS.N), opens new tab Investment Management's (MSIM's) climate-focused private equity strategy has led a €49 million ($56.22 million) Series E funding round in Amber Electric to finance its expansion across Europe.
Thousands of Aussie drivers could soon turn their electric cars into giant money-making power banks under a major new energy push.
Eligible owners will receive battery warranty support for V2G use, while program participants can access a six per cent discount on selected new BYD vehicles.
Climate tech stopped being green fantasy and started printing demand. Canberra must sharpen carbon signals and approvals—back the builders now.
If you are a journalist or have any press enquiries, please get in touch at media@amberelectric.com.au
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