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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
Wholesale electricity prices on the NEM can peak during heatwaves and when aging coal generators conk out. Amber Electric customers can both profit from but also bear the brunt of price spikes, but when they have solar+storage the upside is significant. Importantly solar homes can provide a valuable service to the grid, says Amber Electric Founder and CEO Chris Thompson.
While renewable energy technologies go from strength to strength in Australia, the policy path has been far from smooth. As Giles Parkinson writes here, where there might have been progress and vision, the federal Coalition has instead lurched even further to the right on climate and energy policies.
Joining Leo Aerospace in this cohort of start-ups are 12 other companies such as electricity start-up Amber, discounted excess food marketplace Bring Me Home, 3D presentation software firm JigSpace and legal services automation platform Josef.
If you are a journalist or have any press enquiries, please get in touch at media@amberelectric.com.au
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