Amber raises $78.5m to supercharge its international leadership in battery automation

This investment builds on Amber’s momentum in Australia, where its technology was developed in the world’s leading market for home battery uptake. Amber has become the largest residential battery automation product in the country, orchestrating more than 50% of automated home batteries in Australia.

“This additional capital positions Amber to double down on our expansion across Europe,” said Chris Thompson, co-founder and co-CEO of Amber.

“We’ve built the winning energy automation platform in Australia, and this funding will enable us to extend our leadership across Europe. Our partnership with E.ON is already showing what’s possible, and we’re excited to build on that momentum with more partners across the region.”

Amber gives customers access to real-time wholesale electricity prices and the technology to automate their home batteries and EVs, charging when cheap renewable energy is available and earning money by discharging when prices spike.

As Rob Genieser, Partner at ETF Partners, said: “Europe’s energy transition needs flexibility at scale. Amber has shown in Australia how intelligent automation can turn household batteries and EVs into valuable assets for both consumers and the grid. We are proud to continue backing the team and to support its expansion across Europe, where this capability will be increasingly important as renewables and distributed energy resources grow.”

Amber’s technology already underpins Next Optimise, E.ON Next’s smart energy tariff and home battery and EV automation product, which launched in March 2026 and is now live for battery and solar households across the UK.

Amber is now releasing the next generation of this technology, including vehicle-to-grid (V2G) functionality, which is letting early customers earn money by selling energy from their EV back to the grid when it’s needed most.

The opportunity to unlock more value for both energy consumers and utilities is attracting major partners across Australia and Europe, as the energy industry moves towards a smarter, more flexible energy system.

The $78.5 million investment will give Amber the capital to scale its technology in Australia, expand across European markets and continue investing in the products and infrastructure needed to put households at the centre of the energy transition.

About Amber
Amber is an Australian technology company with a mission to shift the world to 100% renewables. Amber gives customers access to the real-time dynamic electricity price and the technology to automate home batteries and EVs to use more cheap, renewable power when it is available in the grid, and sell their excess renewable energy back to the grid at the same price as large generators earn. Customers capture the full value of their household batteries and EVs in the energy market while accelerating the renewable transition. Amber is providing this technology directly to consumers in Australia and in partnership with utilities internationally. www.amber.com.au

About ETF Partners – The Environmental Technologies Fund
Founded in 2005, ETF Partners (The Environmental Technologies Fund) is Europe’s original venture capital firm dedicated to sustainability and impact investing. For more than twenty years, we have established a leading position in promoting sustainability through innovation.
ETF Partners is founded on the conviction that entrepreneurship and innovation are critical in addressing the global challenges presented by the climate crisis. We are committed to fostering and supporting Europe’s ecosystem of pioneering entrepreneurs who are creating innovative solutions capable of making a profound environmental impact. We believe in the transformative power of aligning profit with purpose in order to build a more sustainable future. Visit: www.etfpartners.capital to learn more.

About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $2 trillion in assets under management or supervision as of June 30, 2026. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

About E.ON
E.ON’s goal is to ensure the energy transition works for everyone. Through E.ON Next, E.ON Energy Infrastructure Solutions and npower Business Solutions, our mission is to help make energy more affordable and sustainable across homes, businesses, cities and communities. Globally, E.ON is a major provider of energy solutions and clean energy networks with around 47 million customers across 17 countries. In the UK, we serve nearly one in seven households and businesses, and we are the UK’s largest supplier of electricity to industrial clients. www.eonenergy.com