Morgan Stanley strategy leads €49M round for Amber

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 aims to support the Australian energy flexibility platform's continued growth and its expansion across Europe. UK energy supplier E.ON also took part in the round following a recent partnership between both firms.

Amber Electric was founded in Melbourne in 2017 by Chris Thompson and Dan Adams. The company operates as an energy retailer and controls over 50% market share of automated batteries in Australia. Its platform uses an artificial intelligence software named SmartShift to combine household solar generation, consumption, and wholesale price forecasts, allowing residential customers to trade battery and electric vehicle storage directly on wholesale markets.

Vikram Raju, Head of Climate Private Equity Investing at Morgan Stanley Investment Management and 1GT, noted that energy flexibility and household engagement are essential to integrate renewable power as electrical grids decentralize. He added that the firm will provide its global capabilities to assist Amber Electric in building infrastructure for decarbonized energy systems.

Morgan Stanley Investment Management reported more than 1,300 investment professionals globally and $2 trillion in assets under management or supervision as of June 30, 2026. Its 1GT strategy focuses on growth companies delivering decarbonization solutions in power, mobility, agriculture, and circularity.