Amber Electric Closes €49M to Build Distributed Energy Network

The big picture: Australia-based Amber Electric has closed €49 million in Series E funding, betting that the growing number of home batteries can form a distributed energy network capable of buying, storing, and selling electricity in response to grid demand.

Why it matters:

• Grid Flexibility: Amber’s model allows home batteries to become active participants in electricity markets, moving beyond simple backup storage or solar excess.
• Decentralized Power: The company’s software coordinates thousands of small energy assets, offering a decentralized alternative to traditional centralized electricity generation.
• European Expansion: With a proven model in Australia, Amber is expanding into Europe through a partnership with E.ON, tapping into one of the largest electricity markets.

How it works:

• Real-time Pricing: Customers access real-time wholesale electricity prices, enabling informed energy decisions.
• SmartShift Automation: Amber’s SmartShift software controls connected home batteries and electric vehicles, charging them when renewable electricity is plentiful and prices are low.
• Vehicle-to-Grid (V2G): The system can sell stored electricity from home and EV batteries back to the grid when prices climb or demand is high.

The catch: The primary challenge for Amber Electric lies in translating its successful model, developed in Australia’s active residential battery market, to the diverse regulatory and market structures of European electricity systems.

Key Facts

• Company: Amber Electric
• Amount: €49M
• Round: Series E
• Investors: Morgan Stanley Investment Management's 1GT climate private equity strategy (lead), E.ON, ETF Partners, Innovation Victoria
• Founders: Chris Thompson, Dan Adams
• Announced: 2026-09-20
• Sector: Distributed Energy Management
• Headquarters: Melbourne, Australia