Media Centre
Get up to speed with all the latest news about Amber. For press enquiries, get in touch at media@amberelectric.com.au .
Amber in the media
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.
Our co-CEO Dan Adams was on the Today Show discussing power outages, the grid, and what consumers can do to help out the grid during times of possible power blackouts.
Amber Electric has recently landed a grant under the SA Government’s Demand Management Trials Program to deliver a trial with 1000 customers with the help of 400 pool pumps, 400 hot water systems and 200 batteries.
Energy Minister Dan van Holst Pellekaan said the grant to Amber Electric would allow direct access to market prices and the ability to manipulate household consumption. On offer are 400 smart devices to control when you use the household hot-water system, 400 smart devices to control when the pool pump goes on, as well as batteries for 200 customers.
Amber Electric, a new energy company which is unlocking the value of renewable energy with an entirely new way for customers to buy electricity, has raised $2.5 million in an investment round led by Square Peg.
A group of Australian investors led by venture capital fund Square Peg has backed the Melbourne-based start-up which aims to revolutionise the way Australian households buy electricity by passing through wholesale rates.
If you are a journalist or have any press enquiries, please get in touch at media@amberelectric.com.au
