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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
Aussie investors have flocked behind renewable energy start-up Amber Electric with $2.5 million in seed funding, as it aims for rapid expansion across the eastern coast. In a shot across the bow of entrenched electricity providers, Amber is looking to sign up more than a million customers to its $10-a-month service
‘Not Business As Usual’ Twenty firms have joined the movement, including ethical superannuation fund Future Super, reusable coffee cup brand KeepCup and clean energy retailer Amber, all of which have formed an alliance called Not Business as Usual.
Amber Electric co-founder and co-chief executive officer Chris Thompson tells SmartCompany joining the group of businesses in supporting the strike was an “easy decision.” “It heavily aligns to what Amber is all about,” he says. “It was a 30-second decision.”
Emerging business models in energy retail are designed to help consumers save money, and in some scenarios even earn money from the devices in their homes – flipping the traditional electricity retail model on its head. The industry is approaching a tipping point. In deregulated markets like Australia utility companies are operating in a highly regulated market, facing increased competition from new challengers and empowered consumers who can switch providers easily online.
How can we make sure everyday consumers benefit from the radical changes that are taking place in our electricity grid? That was the fundamental question we started with when we founded Amber Electric. Increasing renewable penetration is coincident with increased intra-day volatility in market prices, and increased volumes of distributed energy assets is enabling customers to participate more in the market.
If you are a journalist or have any press enquiries, please get in touch at media@amberelectric.com.au
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