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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
Our Co-CEO Chris spoke to Caitlin Fitzsimmons from The Age about the future of energy bills.
1 February 2024, Melbourne: Amber has finalised its oversubscribed Series C round, closing with $29m to scale the business in Australia and focus on the international expansion of their battery and EV automation technology.
Times of plentiful solar also tend to be the cheapest times to buy wholesale electricity from the grid, and innovative retailers like Amber Electric are passing through these price signals to customers.
Mark Campbell was paid $22 on Sunday to charge his Tesla and use his dishwasher and clothes dryer. This remarkable transaction came about because bumper generation from rooftop solar drove demand for grid power to a record low in Victoria and sent prices below zero.
One Friday in August, when the high-voltage interconnector between South Australia and Victoria was down and prices spiked, Adelaide man Jai Nankivell earned $177 in six hours selling energy from the battery of his Nissan Leaf back to the grid.
If you are a journalist or have any press enquiries, please get in touch at media@amberelectric.com.au
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