Amber Funding News-Australian Energytech Amber Secures €26M In A Funding Round

The round also saw continued support from existing backers Square Peg, Gentrack, Rubio Impact Ventures, and Breakthrough Victoria.

Amber provides automation software that helps households manage home batteries and EVs in real-time, based on wholesale electricity prices. The goal is to let customers earn from their energy assets while contributing to a smarter, more resilient power grid.

“Amber is redefining how utilities and consumers interact with energy,” said Rob Genieser, Managing Partner at ETF Partners. “Their technology not only optimises energy usage but also enables greater integration of renewables, paving the way for a more resilient and sustainable energy system.

"We want to back leaders driven by a strong sense of purpose, and Amber’s founders have demonstrated their commitment to transforming global energy markets for the better.”

Australia’s energy system is one of the most decentralised in the world and has been a key testing ground for Amber’s technology.

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Currently, one in three Australian homes has rooftop solar, and 40% of new automated home batteries use Amber’s software. With global demand for decentralised energy solutions rising, Amber is now focusing on Europe.

The company recently launched in the UK and plans to open an office in Germany soon. To lead this international growth, Co-CEO Chris Thompson has moved to the UK.

“Amber’s mission has always been to empower people with the tools to optimise their energy consumption,” said Thompson. “We believe that by giving consumers control, we're not just helping them save money – we're driving a tangible shift toward a cleaner, more resilient energy grid.”

Amber is entering Europe during a big change in the energy sector. Regulators are pushing for net-zero goals, consumers want more control over their energy, and energy markets are becoming more unpredictable.

To speed up its growth, Amber has partnered with major energy companies like E.ON, one of Europe’s largest utilities, and Ecotricity, a green energy supplier in the UK.

“We're proving there's a better way to do energy – with technology that puts customers at the centre of the energy transition,” said Dan Adams, co-founder and co-CEO of Amber.

“This investment is a huge step forward in our mission to help households around the world take control of their energy, reduce costs, and support the clean energy revolution.”

Amber plans to offer its technology through Gentrack, a billing and CRM provider. This will help Amber reach more utility clients across Europe and worldwide. By combining Gentrack’s systems with Amber’s automation tools, utilities can quickly launch smart energy services.

In the future, Amber aims to add vehicle-to-grid (V2G) features. This will let EV owners sell electricity back to the grid during peak times, helping grid operators balance supply and demand using distributed energy storage.

About Amber

Founded in 2017 by Chris Thompson and Dan Adams, Amber helps customers get dynamic power prices that change based on the real wholesale energy cost.