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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.
Wholesale electricity prices on the NEM can peak during heatwaves and when aging coal generators conk out. Amber Electric customers can both profit from but also bear the brunt of price spikes, but when they have solar+storage the upside is significant. Importantly solar homes can provide a valuable service to the grid, says Amber Electric Founder and CEO Chris Thompson.
While renewable energy technologies go from strength to strength in Australia, the policy path has been far from smooth. As Giles Parkinson writes here, where there might have been progress and vision, the federal Coalition has instead lurched even further to the right on climate and energy policies.
Joining Leo Aerospace in this cohort of start-ups are 12 other companies such as electricity start-up Amber, discounted excess food marketplace Bring Me Home, 3D presentation software firm JigSpace and legal services automation platform Josef.
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