Australian energytech Amber raises €26M to expand across Europe

Australian energytech Amber has raised €26 million in a funding round led by ETF Partners to support its expansion into key European energy markets.

The round also included participation from existing investors Square Peg, Gentrack, Rubio Impact Ventures, and Breakthrough Victoria.

Amber offers automation software that allows residential customers to optimise home battery and electric vehicle (EV) usage in real-time based on wholesale electricity prices. The goal: enable households to earn from their energy assets while supporting a more flexible, resilient 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 already among the most decentralised globally and has served as a testbed for Amber’s model.

Today, one in three Australian households has rooftop solar, and 40 percent of new automated home batteries use Amber’s technology.  With demand growing for similar decentralised solutions globally, Amber is now targeting Europe.

The company has recently launched in the UK and plans to open a German office shortly. To support this international growth, Co-CEO Chris Thompson has relocated 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 enters Europe at a time of transformation for energy utilities, with regulators pushing for net-zero targets, consumers demanding more control, and volatility rising across energy markets.

To accelerate adoption, Amber has secured partnerships with major utilities including E.ON, one of Europe’s largest energy providers, and Ecotricity, a UK-based green energy supplier.

“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 also plans to license its technology via billing and CRM provider Gentrack, giving it broader access to utility clients across Europe and other global markets. Bundling Gentrack’s backend systems with Amber’s automation tools offers utilities a faster path to roll out smart energy services.

Looking ahead, Amber plans to expand its platform’s capabilities with vehicle-to-grid (V2G) features, enabling EV owners to sell power back to the grid at peak times, as grid operators are increasingly interested in distributed energy storage as a tool for balancing supply and demand.