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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 analysis lists 39 climate tech players with the potential for unicorn status - a $1 billion valuation - with the names already generating more than $10 million in revenue and/or global customers. They include Brighte, MGA Thermal, SunDrive, Xefco, Amber Electric, Samsara Eco, and JET Charge.
The NRMA, Amber Electric and UTS have launched Australia's first large-scale residential V2G trial, recruiting 50 BYD Atto 3 owners to test two-way charging in real households. Participants get a free bidirectional charger and access to Amber's energy-management platform — which automatically charges when prices are lowest and exports power when they spike. Early adopters are already saving or earning between $2,000 and $3,000 a year.
Amber Electric’s stated mission is to help shift Australia to 100 per cent renewable energy. But to do so, Dan Adams and Chris Thompson are systematically rethinking every part of the energy model, from how electricity is sourced to how it is priced and sold.
Amber has landed $10 million in new funding as it pushes its home battery and EV automation tech into overseas markets, with equal investment from UK energy supplier E.ON Next and local climate investor Virescent Ventures.
An Australian company controlling 40 per cent of the home battery automation market has attracted $10m from overseas investors to tackle Britain’s energy crisis.
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