Morgan Stanley Investment Management announced on September 21, 2026, that its 1GT private climate equity strategy led a €49 million Series E financing round for Amber Electric. The funding will support the Australian energy technology company’s continued growth and expansion in Europe. E.ON, one of the United Kingdom’s largest energy suppliers and a recent partner of Amber, also participated in the round.
Founded in Melbourne in 2017 by Chris Thompson and Dan Adams, Amber operates as an energy retailer for Australian households and provides battery automation technology. According to the company, it has more than 50% of Australia’s automated battery market, making it the country’s largest provider in that segment.
Amber’s distributed energy resources platform gives households access to wholesale electricity pricing by optimizing their energy storage and generation assets in real time. Its SmartShift software uses artificial intelligence and forecasts of wholesale prices, household solar output and electricity consumption to manage when energy is stored, used or sold. The platform supports rooftop solar, residential batteries and electric vehicles.
The company said the technology is designed to increase customer earnings from household energy assets while helping power systems integrate renewable generation and improve grid efficiency. Amber provides the platform directly to consumers in Australia and works with utilities in international markets.
The Series E capital is intended to help Amber respond to demand from consumers, utilities and power systems seeking to manage distributed energy resources at larger scale. The company plans to use the investment to accelerate its European expansion and extend its energy flexibility offering to additional households and utility partners.
Morgan Stanley Climate Private Equity’s 1GT strategy invests in growth companies offering climate solutions across power, mobility, food and agriculture, and circularity. Morgan Stanley Investment Management reported $2 trillion in assets under management or supervision as of June 30, 2026.
Source: businesswire.com
