Morgan Stanley Investment Management's 1GT Leads €49 Million Series E Funding for Amber Electric

For best results when printing this announcement, please click on link below: Morgan Stanley Investment Management's 1GT Leads €49 Million Series E Funding for Amber Electric Morgan Stanley Investment Management (MSIM) announced today that the 1GT private climate equity strategy (1GT) led a €49 million Series E financing round for Amber Electric (Amber or the Company), an energy flexibility platform that enables customers to optimize how they store and use energy at home. This funding will support the Company’s continued growth and expansion in Europe. It follows the recent partnership with E.ON, one of the UK’s largest energy suppliers, which also participated in the latest round. Founded in Melbourne in 2017 by Chris Thompson and Dan Adams, Amber acts as an energy retailer serving Australian households directly and with over 50% market share of automated batteries it is the country’s largest battery automation provider. Amber’s Distributed Energy Resources (DER) platform enables households to access wholesale energy pricing via real-time optimization of their storage.