Morgan Stanley Climate Fund Backs Residential Clean Energy Solutions Provider Amber Electric

Morgan Stanley Investment Management (MSIM) announced that it has led a €49 million (USD$56 million) Series E financing round for Australian residential energy solutions provider Amber Electric, with proceeds aimed at supporting the international expansion of the company’s battery automation technology.

MSIM’s investment was made through 1GT, the firm’s private climate equity strategy targeting the elimination of 1 gigaton of CO2 emissions by 2050. Additional investors participating in the round included existing investors Environmental Technologies Fund (ETF Partners), Innovation Victoria and E.ON.

Founded in 2017 by Chris Thompson and Dan Adams, Melbourne-based Amber provides an energy flexibility platform that enables households to access wholesale electricity pricing and optimize distributed energy resources including rooftop solar, residential batteries and electric vehicles. The company’s SmartShift AI-driven software combines forecasts of wholesale energy prices, household solar production and consumption in real time to optimize how customers store and use energy. Amber serves households directly as an energy retailer in Australia and has more than 50% of the country’s automated residential battery market, making it Australia’s largest battery automation provider.

Vikram Raju, Head of Climate Private Equity Investing at Morgan Stanley Investment Management and 1GT, said:

“As power systems become increasingly decentralized, energy flexibility and household-level engagement are essential to integrating renewable energy at scale. The combination of Amber’s differentiated technology, strong customer value proposition and relentless focus on innovation and excellence has set the Company on a compelling growth journey.”

Amber said that the new capital will be used to support company’s continued growth in Australia and expansion in Europe markets, scaling its energy automation platform, and provide a strategic partnership with UK energy supplier E.ON. Amber’s technology 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.

Chris Thompson, Co-Founder, Amber Electric, said:

“As energy systems become increasingly decentralized, we see a significant opportunity to help utilities unlock the flexibility of distributed energy resources at scale, while helping more households get greater value from the energy assets they already own. We are confident 1GT is the right partner to help us accelerate our expansion across Europe and bring the benefits of energy flexibility to more households and utility partners.”