COINTURK FINANCECOINTURK FINANCECOINTURK FINANCE
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Search
Health
  • About Us
  • Contact
Entertainment
  • Investing
  • Business
  • Fintech
  • Startup
© 2024 BLOCKCHAIN IT. >> COINTURK FINANCE
Powered by LK SOFTWARE
Reading: Amber Secures €25.6M Investment to Expand Smart Energy Tech in Europe
Share
Font ResizerAa
COINTURK FINANCECOINTURK FINANCE
Font ResizerAa
Search
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Track all markets on TradingView
COINTURK FINANCE > Business > Amber Secures €25.6M Investment to Expand Smart Energy Tech in Europe
BusinessStartup

Amber Secures €25.6M Investment to Expand Smart Energy Tech in Europe

Overview

  • Amber raised €25.6M to expand its European operations.

  • The funding will support Amber's deployment with E.ON and Ecotricity.

  • The company focuses on integrating renewable energy in household management.

COINTURK FINANCE
COINTURK FINANCE 4 months ago
SHARE

In a move that underscores the growing interest in renewable energy technology, Melbourne-based company Amber has successfully raised €25.6M in its latest funding round. This influx of capital comes amid a commitment to further its reach across the European market. Led by the UK/Europe-based ETF Partners, this financial boost aims to support the company’s ambition to redefine energy interaction for households. Amber’s platform offers innovative solutions by linking home batteries and EV charging to dynamic, real-time energy prices, allowing for more strategic energy use aligned with renewable availability.

Contents
What Will Amber Achieve with New Funding?How Does Amber’s Technology Impact Energy Management?

Amber, established as a key player in smart energy solutions, has been making strides in its field. In previous years, the company has nurtured its growth by leveraging advanced technology that connects consumers directly to live energy pricing. A continuous participation from Dutch investor Rubio Impact Ventures highlights sustained confidence in Amber’s mission to facilitate a decentralized energy network. This strategic backing indicates a mounting shift towards incorporating green technology in everyday household energy management.

What Will Amber Achieve with New Funding?

The €25.6M funding will facilitate Amber’s strategic expansion into European markets. The company’s plans include deploying their services in collaboration with key players like E.ON and Ecotricity, thereby enhancing its footprint across the continent. Amber aims to license its technology globally through Gentrack’s network, coupling this with Gentrack’s billing systems to offer a holistic solution for energy management.

How Does Amber’s Technology Impact Energy Management?

Amber’s approach to energy management centers on utilizing real-time electricity prices, giving consumers a chance to optimize energy use. The company’s software automates the charging and discharging of home batteries and EVs in sync with renewable energy supply and demand, reducing costs and enhancing grid efficiency. This method results in savings for households while also supporting the grid by discharging during peak pricing. Amber’s co-CEO, Dan Adams, emphasizes the benefits saying,

“We’re proving there’s a better way to do energy—with technology that puts customers at the centre of the energy transition.”

Further developments include the building of Vehicle-to-Grid (V2G) capabilities, which will allow EV owners to sell energy back to the grid, contributing to a smarter energy ecosystem. Amber’s continued international strategy and its alignment with renewable energy trends highlight its forward-looking perspective on global energy challenges. As more countries lean towards renewable and decentralized energy systems, Amber’s offerings present a viable alternative to traditional energy models.

This funding round not only underscores Amber’s potential in transforming household energy management but also marks a step towards potentially reducing energy costs and furthering the renewable energy agenda. The company’s focus now rests on scaling up their offerings and enhancing accessibility to their technology, aiming for widespread adoption and eventually global integration of smarter energy systems.

You can follow our news on Telegram and Twitter (X)
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Flovi Expands to Poland, Enhancing Vehicle Relocation Services in Europe

Investors Inject €30M into Leyden Labs to Boost Nasal Spray Development

Real-Time Settlements Drive Secure Trade and Rapid Refunds

Cooll Secures €4.5M to Advance Heat Pump Technology

AI Receptionist Secures Millions to Automate Healthcare Front Desks

Share This Article
Facebook Twitter Copy Link Print
Previous Article P&G Cuts 7,000 Jobs in Workforce Restructuring Strategy
Next Article Reddit Sues Anthropic for Unauthorized Data Use in AI Training
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Mercado Libre Faces Stock Drop as Competition Intensifies in Brazil
COINTURK FINANCE COINTURK FINANCE 7 hours ago
Microsoft CEO Delegates Duties to Focus Intensely on AI Development
COINTURK FINANCE COINTURK FINANCE 8 hours ago
AI Drives Shift in Banking as Institutions Anticipate Customer Needs
COINTURK FINANCE COINTURK FINANCE 12 hours ago
PhotonPay Partners with Thredd to Strengthen Global Card Infrastructure
COINTURK FINANCE COINTURK FINANCE 12 hours ago
Microsoft Introduces Enhanced Subscription for Individual Users
COINTURK FINANCE COINTURK FINANCE 13 hours ago
//

COINTURK was launched in March 2014 by a group of tech enthusiasts focused on the internet and new technologies.

CATEGORIES

  • Investing
  • Business
  • Fintech
  • Startup

OUR PARTNERS

  • COINTURK NEWS
  • BH NEWS
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Contact
COINTURK FINANCECOINTURK FINANCE
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?